Implementing the EU Renewables Directive
AbstractThe European Renewables Directive requires Member States to deliver on average 20% of their final energy consumption by 2020 using renewable energy sources. To deliver this target, Member States have to adjust planning procedures, evaluate energy market design, provide grid and supply infrastructure, and implement support schemes that limit regulatory risk for finance. The paper discusses how quantitative policy indicators can allow governments to measure and manage the successful implementation of the necessary policies to deliver the renewable targets. The indicators need to be designed so that they can focus on individual components of the policy framework and measure whether the envisaged annual deployment level of a technology is compatible with the framework in place in a country. Increased transparency provided by policy indicators facilitates management of policy implementation, enhances accountability of governments and can inform the reporting of Member States to the European Commission. This allows technology companies to have confidence in projected deployment levels and triggers private sector investment in the supply chain to provide the necessary production capacity.
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Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0913.
Date of creation: 07 Apr 2009
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Web page: http://www.econ.cam.ac.uk/index.htm
Renewables Directive; Intermediate Indicators; Targets.;
Find related papers by JEL classification:
- H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-04-13 (All new papers)
- NEP-EEC-2009-04-13 (European Economics)
- NEP-ENE-2009-04-13 (Energy Economics)
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