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Many Europeans – especially the younger generations – share the desire for a greener economy. Only this previous weekend voters in Germany have expressed this vision in an extraordinary good result for the Green Party. Given the EU’s ambitious decarbonization goals, private investments in green energy generation capacity might become ever more important. A survey conducted by the EconPol network across 31 European countries confirms that there is a high interest in community renewable energy (CRE) investments among European citizens, especially in countries where this model is not yet very common. However, the set-up of the project is decisive. In their EconPol Policy Brief Valeriya Azarova, Jed Cohen, Andrea Kollmann and Johannes Reichl identify project attributes that lead to higher incentives for CRE investments – with surprising results.
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