This month the IPCC will release its Special Report on Renewable Energy Sources and Climate Change Mitigation. For now, only the Summary for PolicyMakers (SPM) is available; the full report will follow May 31st.
From the Press Release:
Ramon Pichs, Co-Chair of the Working Group III: “The report shows that it is not the availability of the resource, but the public policies that will either expand or constrain renewable energy development over the coming decades. Developing countries have an important stake in this future—this is where most of the 1.4 billion people without access to electricity live yet also where some of the best conditions exist for renewable energy deployment.”
This is also where the impacts of climate change are expected to be most severe.
While the report concludes that the proportion of renewable energy will likely increase even without enabling policies, past experience has shown that the largest increases come with concerted policy efforts.
Though in some cases renewable energy technologies are already economically competitive, the production costs are currently often higher than market energy prices. However, if environmental impacts such as emissions of pollutants and greenhouse gases were monetized and included in energy prices, more renewable energy technologies may become economically attractive.