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The role of environmental taxes and public policies in supporting RES investments in EU countries: Barriers and mimicking effects

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  • Carfora, A.
  • Pansini, R.V.
  • Scandurra, G.

Abstract

This aim of the paper is to investigate on the strength of EU renewable energy policies and of internal barriers to energy investments. Using a novel approach based on spatial econometric methods, the paper contributes to the debate on the effectiveness of policies supporting renewable energy investments in the EU member states. The empirical analysis is based on estimates from spatial econometric models that combines independent variables with a weighting scheme of trade linkages between member states. It allows to show how trade relationships can play a role in shaping green energy policies. In fact, technological skills are transferred together with goods and services, trade flows represent an exogenous factor correlated with green investments.

Suggested Citation

  • Carfora, A. & Pansini, R.V. & Scandurra, G., 2021. "The role of environmental taxes and public policies in supporting RES investments in EU countries: Barriers and mimicking effects," Energy Policy, Elsevier, vol. 149(C).
    • Handle: RePEc:eee:enepol:v:149:y:2021:i:c:s0301421520307552
    DOI: 10.1016/j.enpol.2020.112044
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    Cited by:

    1. Ihor Nazarkevych & Olga Sych, 2023. "Taxation as a tool of implementation of the EU Green Deal in Ukraine," Regional Science Policy & Practice, Wiley Blackwell, vol. 15(1), pages 144-160, February.
    2. Alfonso Carfora & Renato Passaro & Giuseppe Scandurra & Antonio Thomas, 2022. "The Casual Nexus between Income and Energy Poverty in EU Member States," Energies, MDPI, vol. 15(8), pages 1-16, April.
    3. Li, Zeyun & Kuo, Tsung-Hsien & Siao-Yun, Wei & The Vinh, Luu, 2022. "Role of green finance, volatility and risk in promoting the investments in Renewable Energy Resources in the post-covid-19," Resources Policy, Elsevier, vol. 76(C).
    4. Svetlana Kunskaja & Johannes Fabian Bauer & Artur Budzyński & Ilie-Ciprian Jitea, 2023. "A research analysis: the implementation of innovative energy technologies and their alignment with SDG 12," Eastern-European Journal of Enterprise Technologies, PC TECHNOLOGY CENTER, vol. 5(13 (125)), pages 6-25, October.

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    More about this item

    Keywords

    RES Policy instruments; Panel data models; Spatial model; Barriers to green investments; Mimicking effects;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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