What’s Powering Wind?The Effect of U.S. Renewable Energy Policies on Wind Capacity (1994-2008)
AbstractThis paper examines on the role of renewable energy polices on wind development across the United States. My findings, using a fixed effects Tobit model with a 23-state sample, from 1994-2008, indicate that the implementation of the Federal Production Tax Credit (PTC) increases wind development, but the findings are unexpectedly not robust to sample specification. Also, state Renewables Portfolio Standards (RPS) implementation has not had a significant impact on wind capacity, but once the initial binding RPS mandate is met, added wind capacity declines. Non-renewable fuel prices also influenced wind capacity additions, particularly coal and natural gas prices.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Oklahoma State University, Department of Economics and Legal Studies in Business in its series Economics Working Paper Series with number 1404.
Length: 29 pages
Date of creation: Mar 2012
Date of revision: Jun 2013
Renewable energy; wind; renewable portfolio standards;
Find related papers by JEL classification:
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
- Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
- H7 - Public Economics - - State and Local Government; Intergovernmental Relations
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Harounan Kazianga).
If references are entirely missing, you can add them using this form.