IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v68y2014icp761-773.html
   My bibliography  Save this article

Top down strategy for renewable energy investment: Conceptual framework and implementation

Author

Listed:
  • Lee, Cheuk Wing
  • Zhong, Jin

Abstract

Electricity market is undergoing a tremendous transformation throughout the world. A drastic reduction of carbon emission cannot be realized if renewable energy resources are not increased in share of generation mix. Currently, most of the traditional mechanisms, including regulatory policies, fiscal incentives and public financing, are initiated from and heavily relied on policymakers and governments. However, not only these schemes do not necessarily align with business interests of investors, but also the motivations for renewable energy developments are always initiated by governments. In order to realize the full potential of renewable energy investment, an innovative approach is necessary to motivate investors and lessen government expenditures.

Suggested Citation

  • Lee, Cheuk Wing & Zhong, Jin, 2014. "Top down strategy for renewable energy investment: Conceptual framework and implementation," Renewable Energy, Elsevier, vol. 68(C), pages 761-773.
    • Handle: RePEc:eee:renene:v:68:y:2014:i:c:p:761-773
    DOI: 10.1016/j.renene.2014.03.015
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S096014811400158X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2014.03.015?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Wang, Qiang, 2010. "Effective policies for renewable energy--the example of China's wind power--lessons for China's photovoltaic power," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(2), pages 702-712, February.
    2. Mezher, Toufic & Dawelbait, Gihan & Abbas, Zeina, 2012. "Renewable energy policy options for Abu Dhabi: Drivers and barriers," Energy Policy, Elsevier, vol. 42(C), pages 315-328.
    3. Carley, Sanya, 2009. "State renewable energy electricity policies: An empirical evaluation of effectiveness," Energy Policy, Elsevier, vol. 37(8), pages 3071-3081, August.
    4. Tang, Amy & Chiara, Nicola & Taylor, John E., 2012. "Financing renewable energy infrastructure: Formulation, pricing and impact of a carbon revenue bond," Energy Policy, Elsevier, vol. 45(C), pages 691-703.
    5. Jeffrey Rogers Hummel, 2007. "Death and Taxes, Including Inflation: the Public versus Economists," Econ Journal Watch, Econ Journal Watch, vol. 4(1), pages 46-59, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marios Stanitsas & Konstantinos Kirytopoulos, 2024. "Navigating the Nexus: Stakeholder Engagement in Hybrid Renewable Energy Power Purchase Agreements (PPAs) for Sustainable Development," Sustainability, MDPI, vol. 16(17), pages 1-20, August.
    2. Lee, Cheuk Wing & Zhong, Jin, 2015. "Financing and risk management of renewable energy projects with a hybrid bond," Renewable Energy, Elsevier, vol. 75(C), pages 779-787.
    3. Tongyu Meng & Jamie Newth & Christine Woods, 2022. "Ethical Sensemaking in Impact Investing: Reasons and Motives in the Chinese Renewable Energy Sector," Journal of Business Ethics, Springer, vol. 179(4), pages 1091-1117, September.
    4. Mignon, Ingrid & Bergek, Anna, 2016. "Investments in renewable electricity production: The importance of policy revisited," Renewable Energy, Elsevier, vol. 88(C), pages 307-316.
    5. Kapica, Jacek & Pawlak, Halina & Ścibisz, Marek, 2015. "Carbon dioxide emission reduction by heating poultry houses from renewable energy sources in Central Europe," Agricultural Systems, Elsevier, vol. 139(C), pages 238-249.
    6. Ghorashi, Amir Hossein & Maranlou, Hadi, 2021. "Essential infrastructures and relevant policies for renewable energy developments in oil-rich developing countries: Case of Iran," Renewable and Sustainable Energy Reviews, Elsevier, vol. 141(C).
    7. Ekaterina Azarova & Hannah Jun, 2021. "Investigating Determinants of International Clean Energy Investments in Emerging Markets," Sustainability, MDPI, vol. 13(21), pages 1-15, October.
    8. Su, Yi & Fan, Qi-ming, 2022. "Renewable energy technology innovation, industrial structure upgrading and green development from the perspective of China's provinces," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    9. Chang, Kai & Wan, Qiong & Lou, Qichun & Chen, Yili & Wang, Weihong, 2020. "Green fiscal policy and firms’ investment efficiency: New insights into firm-level panel data from the renewable energy industry in China," Renewable Energy, Elsevier, vol. 151(C), pages 589-597.
    10. Ramli, Makbul A.M. & Twaha, Ssennoga, 2015. "Analysis of renewable energy feed-in tariffs in selected regions of the globe: Lessons for Saudi Arabia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 45(C), pages 649-661.
    11. Zhao, Guangling & Guerrero, Josep M. & Jiang, Kejun & Chen, Sha, 2017. "Energy modelling towards low carbon development of Beijing in 2030," Energy, Elsevier, vol. 121(C), pages 107-113.
    12. Wu, Zhongqun & Sun, Hongxia, 2015. "Behavior of Chinese enterprises in evaluating wind power projects: A review based on survey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 133-142.
    13. Chun-Che Huang & Wen-Yau Liang & Roger R. Gung & Pei-An Wang, 2023. "Rough-Set-Based Rule Induction with the Elimination of Outdated Big Data: Case of Renewable Energy Equipment Promotion," Sustainability, MDPI, vol. 15(20), pages 1-19, October.
    14. Kai Schulze & Mile Mišić & Nikola Radojičić & Berkin Serin, 2024. "Evaluating Partners for Renewable Energy Trading: A Multidimensional Framework and Tool," Sustainability, MDPI, vol. 16(9), pages 1-22, April.
    15. Hortay, Olivér & Rozner, Bence Péter, 2019. "Allocating renewable subsidies," Economic Analysis and Policy, Elsevier, vol. 64(C), pages 236-247.
    16. Lee, Cheuk Wing & Zhong, Jin, 2015. "Construction of a responsible investment composite index for renewable energy industry," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 288-303.
    17. Büyüközkan, Gülçin & Güleryüz, Sezin, 2016. "An integrated DEMATEL-ANP approach for renewable energy resources selection in Turkey," International Journal of Production Economics, Elsevier, vol. 182(C), pages 435-448.

    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.
    1. Lee, Cheuk Wing & Zhong, Jin, 2015. "Financing and risk management of renewable energy projects with a hybrid bond," Renewable Energy, Elsevier, vol. 75(C), pages 779-787.
    2. 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.
    3. 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.
    4. Osmani, Atif & Zhang, Jun & Gonela, Vinay & Awudu, Iddrisu, 2013. "Electricity generation from renewables in the United States: Resource potential, current usage, technical status, challenges, strategies, policies, and future directions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 24(C), pages 454-472.
    5. Solangi, K.H. & Islam, M.R. & Saidur, R. & Rahim, N.A. & Fayaz, H., 2011. "A review on global solar energy policy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(4), pages 2149-2163, May.
    6. Pirasteh, G. & Saidur, R. & Rahman, S.M.A. & Rahim, N.A., 2014. "A review on development of solar drying applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 133-148.
    7. Ming, Zeng & Ximei, Liu & Yulong, Li & Lilin, Peng, 2014. "Review of renewable energy investment and financing in China: Status, mode, issues and countermeasures," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 23-37.
    8. Ebers Broughel, Anna, 2019. "Impact of state policies on generating capacity for production of electricity and combined heat and power from forest biomass in the United States," Renewable Energy, Elsevier, vol. 134(C), pages 1163-1172.
    9. Andrew Chapman & Timothy Fraser & Melanie Dennis, 2019. "Investigating Ties between Energy Policy and Social Equity Research: A Citation Network Analysis," Social Sciences, MDPI, vol. 8(5), pages 1-18, April.
    10. Kim, Serena Y., 2020. "Institutional arrangements and airport solar PV," Energy Policy, Elsevier, vol. 143(C).
    11. Zhao, Xiaoli & Li, Shujie & Zhang, Sufang & Yang, Rui & Liu, Suwei, 2016. "The effectiveness of China's wind power policy: An empirical analysis," Energy Policy, Elsevier, vol. 95(C), pages 269-279.
    12. Jin, Xin & Zhang, Zhaolong & Shi, Xiaoqiang & Ju, Wenbin, 2014. "A review on wind power industry and corresponding insurance market in China: Current status and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 1069-1082.
    13. Wakiyama, Takako & Zusman, Eric, 2021. "The impact of electricity market reform and subnational climate policy on carbon dioxide emissions across the United States: A path analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 149(C).
    14. Juaidi, Adel & Montoya, Francisco G. & Ibrik, Imad H. & Manzano-Agugliaro, Francisco, 2016. "An overview of renewable energy potential in Palestine," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 943-960.
    15. Zeng, Ming & Li, Chen & Zhou, Lisha, 2013. "Progress and prospective on the police system of renewable energy in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 36-44.
    16. 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).
    17. Mokri, Alaeddine & Aal Ali, Mona & Emziane, Mahieddine, 2013. "Solar energy in the United Arab Emirates: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 28(C), pages 340-375.
    18. Tolliver, Clarence & Keeley, Alexander Ryota & Managi, Shunsuke, 2020. "Policy targets behind green bonds for renewable energy: Do climate commitments matter?," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    19. 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.
    20. Lynes, Melissa & Featherstone, Allen, 2015. "Economic Efficiency of Utility Plants Under Renewable Energy Policy," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205674, Agricultural and Applied Economics Association.

    Corrections

    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:renene:v:68:y:2014:i:c:p:761-773. 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.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.