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Comparing the innovation effects of support schemes for renewable electricity technologies: A function of innovation approach

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  • del Río, Pablo
  • Bleda, Mercedes

Abstract

The aim of this paper is to provide a comparative assessment of the innovation effects of instruments which support the diffusion of renewable electricity technologies with a functions-oriented technological innovation system perspective. The paper provides a link between two major streams of the literature: the functions of innovation systems and the literature on renewable electricity support schemes. We show that, when a functional perspective is adopted, feed-in tariffs are likely to be superior to other policy instruments (quotas with tradable green certificates and tendering), although they still need to be complemented with other instruments, most importantly, direct R&D support. Furthermore, those innovation effects are affected by the specific design elements of the instruments chosen.

Suggested Citation

  • del Río, Pablo & Bleda, Mercedes, 2012. "Comparing the innovation effects of support schemes for renewable electricity technologies: A function of innovation approach," Energy Policy, Elsevier, vol. 50(C), pages 272-282.
    • Handle: RePEc:eee:enepol:v:50:y:2012:i:c:p:272-282
    DOI: 10.1016/j.enpol.2012.07.014
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