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Motivations driving renewable energy in European countries: A panel data approach

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  • Marques, António C.
  • Fuinhas, José A.
  • Pires Manso, J.R.

Abstract

Despite the increasing amount of literature available on renewable energy, the empirical analysis about drivers promoting renewables remains scarce. We have analyzed those drivers for European Countries. Over an extended period of time (1990-2006) we used panel data techniques, namely the fixed effects vector decomposition. The results suggest that both the lobby of the traditional energy sources (oil, coal, and natural gas) and CO2 emissions restrain renewable deployment. The objective of reducing energy dependency appears to stimulate renewable energy use. Our results robustly support the EU decision to create a directive promoting the use of renewable sources (Directive 2001/77/EC). We also offer suggestions with regards to the design of appropriate policies towards renewable energy deployment.

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Bibliographic Info

Article provided by Elsevier in its journal Energy Policy.

Volume (Year): 38 (2010)
Issue (Month): 11 (November)
Pages: 6877-6885

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Handle: RePEc:eee:enepol:v:38:y:2010:i:11:p:6877-6885

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Web page: http://www.elsevier.com/locate/enpol

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Keywords: Renewable energy Panel data models Fixed effect with decomposition vector;

References

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  1. Wang, Yan, 2006. "Renewable electricity in Sweden: an analysis of policy and regulations," Energy Policy, Elsevier, vol. 34(10), pages 1209-1220, July.
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Citations

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Cited by:
  1. Pablo Río & Miguel Tarancón & Cristina Peñasco, 2014. "The determinants of support levels for wind energy in the European Union. An econometric study," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 19(4), pages 391-410, April.
  2. Sánchez-Braza, Antonio & Pablo-Romero, María del P., 2014. "Evaluation of property tax bonus to promote solar thermal systems in Andalusia (Spain)," Energy Policy, Elsevier, vol. 67(C), pages 832-843.
  3. Zhao, Yong & Tang, Kam Ki & Wang, Li-li, 2013. "Do renewable electricity policies promote renewable electricity generation? Evidence from panel data," Energy Policy, Elsevier, vol. 62(C), pages 887-897.
  4. Felix Groba & Joe Indvik & Steffen Jenner, 2011. "Assessing the Strength and Effectiveness of Renewable Electricity Feed-in Tariffs in European Union Countries," Discussion Papers of DIW Berlin 1176, DIW Berlin, German Institute for Economic Research.
  5. Romano, Antonio Angelo & Scandurra, Giuseppe, 2013. "Investments in renewable energy sources in OPEC members: a dynamic panel approach," MPRA Paper 50870, University Library of Munich, Germany.
  6. Antonio Angelo Romano & Giuseppe Scandurra, 2011. "The Investments in Renewable Energy Sources: Do Low Carbon Economies Better Invest In Green Technologies?," International Journal of Energy Economics and Policy, Econjournals, vol. 1(4), pages 107-115.
  7. Schaffer, Lena Maria & Bernauer, Thomas, 2014. "Explaining government choices for promoting renewable energy," Energy Policy, Elsevier, vol. 68(C), pages 15-27.
  8. Gireesh Shrimali & Steffen Jenner & Felix Groba & Gabriel Chan & Joe Indvik, 2012. "Have State Renewable Portfolio Standards Really Worked?: Synthesizing Past Policy Assessments," Discussion Papers of DIW Berlin 1258, DIW Berlin, German Institute for Economic Research.
  9. Gabriella Doci & Eleftheria Vasileiadou, 2014. "“Let’s do it ourselves”: Individual motivations for investing in renewables at community level," Working Papers 14-08, Eindhoven Center for Innovation Studies, revised Mar 2014.

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