Public policy influence on renewable energy investments—A panel data study across OECD countries
Author
Abstract
Suggested Citation
DOI: 10.1016/j.enpol.2015.01.026
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Friedemann Polzin & Michael Migendt & Paschen von Flotow & Florian Taübe, 2015. "Public policy influence on renewable energy investments-A panel data study across OECD countries," ULB Institutional Repository 2013/197763, ULB -- Universite Libre de Bruxelles.
References listed on IDEAS
- Reinhilde Veugelers, 2011. "Europe's clean technology investment challenge," Policy Contributions 561, Bruegel.
- Friebe, Christian A. & von Flotow, Paschen & Täube, Florian A., 2014.
"Exploring technology diffusion in emerging markets – the role of public policy for wind energy,"
Energy Policy, Elsevier, vol. 70(C), pages 217-226.
- Christian A. Friebe & Paschen von Flotow & Florian Taübe, 2014. "Exploring technology diffusion in emerging markets: The role of public policy for wind energy," ULB Institutional Repository 2013/206763, ULB -- Universite Libre de Bruxelles.
- 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.
- Rafael E. De Hoyos & Vasilis Sarafidis, 2006. "Testing for cross-sectional dependence in panel-data models," Stata Journal, StataCorp LP, vol. 6(4), pages 482-496, December.
- Henriot, Arthur, 2013.
"Financing investment in the European electricity transmission network: Consequences on long-term sustainability of the TSOs financial structure,"
Energy Policy, Elsevier, vol. 62(C), pages 821-829.
- Arthur Henriot, 2013. "Financing investment in the European electricity transmission network: Consequences on long-term sustainability of the TSOs financial structure," RSCAS Working Papers 2013/27, European University Institute.
- Philippe Menanteau & Dominique Finon & Marie-Laure Lamy, 2003. "Prices versus quantities :environmental policies for promoting the development of renewable energy," Post-Print halshs-00480457, HAL.
- Masini, Andrea & Menichetti, Emanuela, 2012. "The impact of behavioural factors in the renewable energy investment decision making process: Conceptual framework and empirical findings," Energy Policy, Elsevier, vol. 40(C), pages 28-38.
- Butler, Lucy & Neuhoff, Karsten, 2008.
"Comparison of feed-in tariff, quota and auction mechanisms to support wind power development,"
Renewable Energy, Elsevier, vol. 33(8), pages 1854-1867.
- Butler, L. & Neuhoff, K., 2005. "Comparison of Feed in Tariff, Quota and Auction Mechanisms to Support Wind Power Development," Cambridge Working Papers in Economics 0503, Faculty of Economics, University of Cambridge.
- Jenner, Steffen & Groba, Felix & Indvik, Joe, 2013.
"Assessing the strength and effectiveness of renewable electricity feed-in tariffs in European Union countries,"
Energy Policy, Elsevier, vol. 52(C), pages 385-401.
- 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.
- Anonymous, 2013. "Introduction to the Issue," Journal of Wine Economics, Cambridge University Press, vol. 8(3), pages 243-243, December.
- Tampakis, Stilianos & Τsantopoulos, Georgios & Arabatzis, Garyfallos & Rerras, Ioannis, 2013. "Citizens’ views on various forms of energy and their contribution to the environment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 473-482.
- Bergek, Anna & Mignon, Ingrid & Sundberg, Gunnel, 2013. "Who invests in renewable electricity production? Empirical evidence and suggestions for further research," Energy Policy, Elsevier, vol. 56(C), pages 568-581.
- Harmelink, Mirjam & Voogt, Monique & Cremer, Clemens, 2006. "Analysing the effectiveness of renewable energy supporting policies in the European Union," Energy Policy, Elsevier, vol. 34(3), pages 343-351, February.
- Wolfgang Eichhammer & Mario Ragwitz & Barbara Schlomann, 2013. "Financing Instruments to Promote Energy Efficiency and Renewables in Times of Tight Public Budgets," Energy & Environment, , vol. 24(1-2), pages 1-26, February.
- Mitchell, C. & Bauknecht, D. & Connor, P.M., 2006. "Effectiveness through risk reduction: a comparison of the renewable obligation in England and Wales and the feed-in system in Germany," Energy Policy, Elsevier, vol. 34(3), pages 297-305, February.
- Helm, Dieter, 2002. "Energy policy: security of supply, sustainability and competition," Energy Policy, Elsevier, vol. 30(3), pages 173-184, February.
- Stephen Smith & Joseph Swierzbinski, 2007. "Assessing the performance of the UK Emissions Trading Scheme," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(1), pages 131-158, May.
- Marques, António Cardoso & Fuinhas, José Alberto, 2012. "Is renewable energy effective in promoting growth?," Energy Policy, Elsevier, vol. 46(C), pages 434-442.
- Wustenhagen, Rolf & Wolsink, Maarten & Burer, Mary Jean, 2007. "Social acceptance of renewable energy innovation: An introduction to the concept," Energy Policy, Elsevier, vol. 35(5), pages 2683-2691, May.
- Menanteau, Philippe & Finon, Dominique & Lamy, Marie-Laure, 2003. "Prices versus quantities: choosing policies for promoting the development of renewable energy," Energy Policy, Elsevier, vol. 31(8), pages 799-812, June.
- Dinica, Valentina, 2006. "Support systems for the diffusion of renewable energy technologies--an investor perspective," Energy Policy, Elsevier, vol. 34(4), pages 461-480, March.
- Nick Johnstone & Ivan Haščič & David Popp, 2010.
"Renewable Energy Policies and Technological Innovation: Evidence Based on Patent Counts,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 45(1), pages 133-155, January.
- Nick Johnstone & Ivan Hascic & David Popp, 2008. "Renewable Energy Policies And Technological Innovation: Evidence Based On Patent Counts," NBER Working Papers 13760, National Bureau of Economic Research, Inc.
- Anonymous, 2013. "Introduction to the Issue," Journal of Wine Economics, Cambridge University Press, vol. 8(2), pages 129-130, November.
- Aguirre, Mariana & Ibikunle, Gbenga, 2014. "Determinants of renewable energy growth: A global sample analysis," Energy Policy, Elsevier, vol. 69(C), pages 374-384.
- Menz, Fredric C. & Vachon, Stephan, 2006. "The effectiveness of different policy regimes for promoting wind power: Experiences from the states," Energy Policy, Elsevier, vol. 34(14), pages 1786-1796, September.
- Friebe, Christian A. & Flotow, Paschen von & Täube, Florian A., 2013.
"Exploring the link between products and services in low-income markets—Evidence from solar home systems,"
Energy Policy, Elsevier, vol. 52(C), pages 760-769.
- Christian A. Friebe & Paschen von Flotow & Florian Taübe, 2013. "Exploring the link between products and services in low-income markets: Evidence from solar home systems," ULB Institutional Repository 2013/206765, ULB -- Universite Libre de Bruxelles.
- Mathews, John A. & Kidney, Sean & Mallon, Karl & Hughes, Mark, 2010. "Mobilizing private finance to drive an energy industrial revolution," Energy Policy, Elsevier, vol. 38(7), pages 3263-3265, July.
- Jefferson, Michael, 2008. "Accelerating the transition to sustainable energy systems," Energy Policy, Elsevier, vol. 36(11), pages 4116-4125, November.
- Mowery, David C. & Nelson, Richard R. & Martin, Ben R., 2010. "Technology policy and global warming: Why new policy models are needed (or why putting new wine in old bottles won't work)," Research Policy, Elsevier, vol. 39(8), pages 1011-1023, October.
- Steinbach, Armin, 2013. "Barriers and solutions for expansion of electricity grids—the German experience," Energy Policy, Elsevier, vol. 63(C), pages 224-229.
- Popp, David & Hascic, Ivan & Medhi, Neelakshi, 2011. "Technology and the diffusion of renewable energy," Energy Economics, Elsevier, vol. 33(4), pages 648-662, July.
- Marques, António Cardoso & Fuinhas, José Alberto, 2012. "Are public policies towards renewables successful? Evidence from European countries," Renewable Energy, Elsevier, vol. 44(C), pages 109-118.
- Andrea Masini & E. Menichetti, 2012. "The impact of behavioural factors in the renewable energy investment decision making process: Conceptual framework and empirical findings," Post-Print hal-00651706, HAL.
- Carley, Sanya, 2009. "State renewable energy electricity policies: An empirical evaluation of effectiveness," Energy Policy, Elsevier, vol. 37(8), pages 3071-3081, August.
- Jacobsson, Staffan & Bergek, Anna & Finon, Dominique & Lauber, Volkmar & Mitchell, Catherine & Toke, David & Verbruggen, Aviel, 2009. "EU renewable energy support policy: Faith or facts?," Energy Policy, Elsevier, vol. 37(6), pages 2143-2146, June.
- Cansino, José M. & Pablo-Romero, María del P. & Román, Rocío & Yñiguez, Rocío, 2010. "Tax incentives to promote green electricity: An overview of EU-27 countries," Energy Policy, Elsevier, vol. 38(10), pages 6000-6008, October.
- Delmas, Magali A. & Montes-Sancho, Maria J., 2011. "U.S. state policies for renewable energy: Context and effectiveness," Energy Policy, Elsevier, vol. 39(5), pages 2273-2288, May.
- Rogge, Karoline S. & Hoffmann, Volker H., 2010. "The impact of the EU ETS on the sectoral innovation system for power generation technologies - Findings for Germany," Energy Policy, Elsevier, vol. 38(12), pages 7639-7652, December.
- Arabatzis, Garyfallos & Myronidis, Dimitris, 2011. "Contribution of SHP Stations to the development of an area and their social acceptance," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(8), pages 3909-3917.
- Barradale, Merrill Jones, 2010. "Impact of public policy uncertainty on renewable energy investment: Wind power and the production tax credit," Energy Policy, Elsevier, vol. 38(12), pages 7698-7709, December.
- Upreti, Bishnu Raj, 2004. "Conflict over biomass energy development in the United Kingdom: some observations and lessons from England and Wales," Energy Policy, Elsevier, vol. 32(6), pages 785-800, April.
- Schleich, Joachim, 2009. "Barriers to energy efficiency: A comparison across the German commercial and services sector," Ecological Economics, Elsevier, vol. 68(7), pages 2150-2159, May.
- Couture, Toby & Gagnon, Yves, 2010. "An analysis of feed-in tariff remuneration models: Implications for renewable energy investment," Energy Policy, Elsevier, vol. 38(2), pages 955-965, February.
- Miguel Cárdenas Rodríguez & Ivan Haščič & Nick Johnstone & Jérôme Silva & Antoine Ferey, 2014. "Inducing Private Finance for Renewable Energy Projects: Evidence from Micro-Data," OECD Environment Working Papers 67, OECD Publishing.
- Lesser, Jonathan A. & Su, Xuejuan, 2008. "Design of an economically efficient feed-in tariff structure for renewable energy development," Energy Policy, Elsevier, vol. 36(3), pages 981-990, March.
- Marques, António C. & Fuinhas, José A. & Pires Manso, J.R., 2010. "Motivations driving renewable energy in European countries: A panel data approach," Energy Policy, Elsevier, vol. 38(11), pages 6877-6885, November.
- Jensen, S. G. & Skytte, K., 2002. "Interactions between the power and green certificate markets," Energy Policy, Elsevier, vol. 30(5), pages 425-435, April.
- Wüstenhagen, Rolf & Menichetti, Emanuela, 2012. "Strategic choices for renewable energy investment: Conceptual framework and opportunities for further research," Energy Policy, Elsevier, vol. 40(C), pages 1-10.
- Foxon, T.J. & Pearson, P.J.G., 2007. "Towards improved policy processes for promoting innovation in renewable electricity technologies in the UK," Energy Policy, Elsevier, vol. 35(3), pages 1539-1550, March.
- Quirion, Philippe, 2010. "Complying with the Kyoto Protocol under uncertainty: Taxes or tradable permits?," Energy Policy, Elsevier, vol. 38(9), pages 5166-5173, September.
- Rogge, Karoline S. & Schneider, Malte & Hoffmann, Volker H., 2011. "The innovation impact of the EU Emission Trading System -- Findings of company case studies in the German power sector," Ecological Economics, Elsevier, vol. 70(3), pages 513-523, January.
- Szabó, Sándor & Jäger-Waldau, Arnulf, 2008. "More competition: Threat or chance for financing renewable electricity?," Energy Policy, Elsevier, vol. 36(4), pages 1436-1447, April.
- Bird, Lori & Bolinger, Mark & Gagliano, Troy & Wiser, Ryan & Brown, Matthew & Parsons, Brian, 2005. "Policies and market factors driving wind power development in the United States," Energy Policy, Elsevier, vol. 33(11), pages 1397-1407, July.
- Olmos, Luis & Ruester, Sophia & Liong, Siok-Jen, 2012. "On the selection of financing instruments to push the development of new technologies: Application to clean energy technologies," Energy Policy, Elsevier, vol. 43(C), pages 252-266.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Polzin, Friedemann, 2017. "Mobilizing private finance for low-carbon innovation – A systematic review of barriers and solutions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 525-535.
- Degirmenci, Tunahan & Yavuz, Hakan, 2024. "Environmental taxes, R&D expenditures and renewable energy consumption in EU countries: Are fiscal instruments effective in the expansion of clean energy?," Energy, Elsevier, vol. 299(C).
- Polzin, Friedemann & Egli, Florian & Steffen, Bjarne & Schmidt, Tobias S., 2019. "How do policies mobilize private finance for renewable energy?—A systematic review with an investor perspective," Applied Energy, Elsevier, vol. 236(C), pages 1249-1268.
- Romano, Antonio A. & Scandurra, Giuseppe & Carfora, Alfonso & Fodor, Mate, 2017. "Renewable investments: The impact of green policies in developing and developed countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 68(P1), pages 738-747.
- Corrocher, Nicoletta & Cappa, Elisabetta, 2020. "The Role of public interventions in inducing private climate finance: An empirical analysis of the solar energy sector," Energy Policy, Elsevier, vol. 147(C).
- F.H.J. Polzin & M.W.J.L. Sanders & Florian Täube, 2017. "A diverse and resilient financial system for investments in the energy transition," Working Papers 17-03, Utrecht School of Economics.
- Escoffier, Margaux & Hache, Emmanuel & Mignon, Valérie & Paris, Anthony, 2021.
"Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?,"
Energy Economics, Elsevier, vol. 97(C).
- Margaux ESCOFFIER & Emmanuel HACHE & Valérie MIGNON & Anthony PARIS, 2019. "Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?," LEO Working Papers / DR LEO 2729, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
- Margaux Escoffier & Emmanuel Hache & Valérie Mignon & Anthony Paris, 2021. "Determinants of solar photovoltaic deployment in the electricity mix : Do oil prices really matter?," Post-Print hal-03339134, HAL.
- Valérie Mignon & Margaux Escoffier & Anthony Paris & Emmanuel Hache, 2021. "Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?," Post-Print hal-02995105, HAL.
- Valérie Mignon & Margaux Escoffier & Emmanuel Hache & Anthony Paris, 2019. "Determinants of solar photovoltaic deployment in the electricity mix: Do oil prices really matter?," Post-Print hal-04436178, HAL.
- Valérie Mignon & Margaux Escoffier & Emmanuel Hache & Anthony Paris, 2019.
"Determinants of investments in solar photovoltaic: Do oil prices really matter?,"
EconomiX Working Papers
2019-28, University of Paris Nanterre, EconomiX.
- Margaux Escoffier & Emmanuel Hache & Valérie Mignon & Anthony Paris, 2019. "Determinants of investments in solar photovoltaic: Do oil prices really matter?," Working Papers hal-04141866, HAL.
- Nicolini, Marcella & Tavoni, Massimo, 2017. "Are renewable energy subsidies effective? Evidence from Europe," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 412-423.
- Grashof, Katherina, 2019. "Are auctions likely to deter community wind projects? And would this be problematic?," Energy Policy, Elsevier, vol. 125(C), pages 20-32.
- Guillaume Bourgeois & Sandrine Mathy & Philippe Menanteau, 2017. "The effect of climate policies on renewable energies : a review of econometric studies [L’effet des politiques climatiques sur les énergies renouvelables : une revue des études économétriques]," Post-Print hal-01585906, HAL.
- Felix Groba & Barbara Breitschopf, 2013. "Impact of Renewable Energy Policy and Use on Innovation: A Literature Review," Discussion Papers of DIW Berlin 1318, DIW Berlin, German Institute for Economic Research.
- Jenner, Steffen & Groba, Felix & Indvik, Joe, 2013.
"Assessing the strength and effectiveness of renewable electricity feed-in tariffs in European Union countries,"
Energy Policy, Elsevier, vol. 52(C), pages 385-401.
- 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.
- Lüthi, Sonja & Wüstenhagen, Rolf, 2012. "The price of policy risk — Empirical insights from choice experiments with European photovoltaic project developers," Energy Economics, Elsevier, vol. 34(4), pages 1001-1011.
- 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.
- Sanya Carley & Elizabeth Baldwin & Lauren M. MacLean & Jennifer N. Brass, 2017. "Global Expansion of Renewable Energy Generation: An Analysis of Policy Instruments," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(2), pages 397-440, October.
- Thapar, Sapan & Sharma, Seema & Verma, Ashu, 2018. "Key determinants of wind energy growth in India: Analysis of policy and non-policy factors," Energy Policy, Elsevier, vol. 122(C), pages 622-638.
- Heiskanen, Eva & Jalas, Mikko & Juntunen, Jouni K. & Nissilä, Heli, 2017. "Small streams, diverse sources: Who invests in renewable energy in Finland during the financial downturn?," Energy Policy, Elsevier, vol. 106(C), pages 191-200.
- Morano, Pierluigi & Tajani, Francesco & Locurcio, Marco, 2017. "GIS application and econometric analysis for the verification of the financial feasibility of roof-top wind turbines in the city of Bari (Italy)," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 999-1010.
- Basher, Syed Abul & Masini, Andrea & Aflaki, Sam, 2015.
"Time series properties of the renewable energy diffusion process: Implications for energy policy design and assessment,"
Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1680-1692.
- Syed Basher & Andrea Masini & Sam Aflaki, 2014. "Time Series Properties of the Renewable Energy Diffusion Process: Implications for Energy Policy Design and Assessment," Working Papers hal-02018566, HAL.
- Syed Abul, Basher & Andrea, Masini & Sam, Aflaki, 2015. "Time series properties of the renewable energy diffusion process: Implications for energy policy design and assessment," MPRA Paper 66389, University Library of Munich, Germany.
- Syed Basher & Andrea Masini & Sam Aflaki, 2014. "Time Series Properties of the Renewable Energy Diffusion Process: Implications for Energy Policy Design and Assessment," Working Papers hal-02018568, HAL.
More about this item
Keywords
Renewable energy; Public policy mix; Institutional investors; Longitudinal analysis;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:80:y:2015:i:c:p:98-111. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.