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Title: Policy instruments for renewable energy: an empirical evaluation of effectiveness
Belitski, Maksim
Romanov, Maxim
Kalyuzhnova, Yelena
Keywords: Policy instruments
Policy measures
Wiind power
Renewable energy production
Renewable energy sources
Energy policy
Wind energy
Issue Date: 20-Aug-2018
Publisher: Inderscience
Citation: DINA AZHGALIYEVA, Belitski, Maksim, Romanov, Maxim, Kalyuzhnova, Yelena (2018-08-20). Policy instruments for renewable energy: an empirical evaluation of effectiveness. International Journal of Technology Intelligence and Planning 12 (1) : 24-48. ScholarBank@NUS Repository.
Related Datasets: 10635/151350
Abstract: This paper evaluates the effectiveness of renewable energy policy instruments on wind energy production using annual data from 106 countries over the period 1997-2014. Eleven policy instruments are evaluated: direct investment, feed-in tariffs, grants and subsidies, loans, taxes, green certificates, information and education, strategic planning, codes and standards, research, development and deployment and voluntary approaches. The empirical evidence uncovers the impact of different policy instruments on wind energy production. The model tests which policy instruments are effective in promoting wind energy, and whether their effectiveness depends on their existence, experience, implementation or combination. The results of the mean group estimation show that two policy instruments have positive impact on wind energy production: tax incentives and the strategic planning. The impact of strategic planning increases with a number of policy changes.
Source Title: International Journal of Technology Intelligence and Planning
ISSN: 17402832
DOI: 10.1504/IJTIP.2018.094409
Appears in Collections:Staff Publications

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