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Regional income and wave energy deployment in Ireland
Author(s) -
Farrell Niall,
O'Donoghue Cathal,
Morrissey Karyn
Publication year - 2020
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/pirs.12488
Subject(s) - subsidy , software deployment , welfare , inequality , economics , distribution (mathematics) , renewable energy , natural resource economics , business , public economics , market economy , computer science , operating system , mathematical analysis , mathematics , electrical engineering , engineering
Abstract Alongside environmental benefits, renewable energy deployment is often evaluated on grounds of regional development. Focusing on wave energy deployment in Ireland, this paper quantifies employment‐related welfare change net of associated subsidy costs. Although the added employment reduces inter‐regional inequality, certain subsidies increase total income inequality by a greater extent. Total inequality increases by 0.25% in the preferred scenario. This pattern of incidence persists under an optimistic scenario where all manufacturing activity is carried out locally. This finding highlights that policies of regional development should consider the spatial distribution of associated subsidy costs.