Effectiveness of Financial and Fiscal Instruments for Promoting Sustainable Renewable Energy Technologies | Zendy

Renata Dombrovski | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Effectiveness of Financial and Fiscal Instruments for Promoting Sustainable Renewable Energy Technologies

Author(s) -

Renata Dombrovski

Publication year - 2015

Publication title -

economic and business review

Language(s) - English

Resource type - Journals

eISSN - 2335-4216

pISSN - 1580-0466

DOI - 10.15458/85451.6

Subject(s) - renewable energy , call for bids , business , fiscal policy , environmental economics , financial instrument , sustainable energy , economics , politics , public economics , wind power , finance , macroeconomics , engineering , marketing , procurement , political science , law , electrical engineering

The new EU target of achieving 80-95% emission reductions by 2050 calls for novel energy policy solutions. Previous research has failed to evaluate the influence of all relevant elements of energy policy on technology-specific sustainable renewable energy diffusion. This paper adds to existing research by studying the effectiveness of financial and fiscal instruments on diffusion, additionally controlling for potential political, economic, social, and environmental drivers. These drivers are analysed for 26 EU countries over the period 1990-2011. The main results show that feed-in tariffs, quotas, and tenders effectively promote wind technologies. Other explanatory variables have technology- and model-dependent impacts. DOI: 10.15458/85451.6

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research