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Assessing ‘green energy economy’ stimulus packages: Evidence from the U.S. programs targeting renewable energy

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  • Mundaca, Luis
  • Luth Richter, Jessika

Abstract

The paper provides a comprehensive empirical assessment of American stimulus policies aimed at renewable energy (RE) technologies. We use an indicator-based methodology to assess progress with respect to energy, environmental and socio-economic issues resulting from RE stimulus programs linked to the American Recovery and Reinvestment Act, and review and analyze the emerging but scattered literature. Overall, our results indicate that stimulus programs have had a positive effect on the RE sector. This is despite the fact that they were originally planned to work in combination with a greenhouse gas ‘cap-and-trade’ system, which has not been implemented. From the methodological perspective, our approach is resource-intensive and our analysis highlights numerous challenges, notably related to causality and additionality. Despite these limitations, this research improves our understanding of the broad effects and impacts of RE stimulus programs.

Suggested Citation

  • Mundaca, Luis & Luth Richter, Jessika, 2015. "Assessing ‘green energy economy’ stimulus packages: Evidence from the U.S. programs targeting renewable energy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 1174-1186.
  • Handle: RePEc:eee:rensus:v:42:y:2015:i:c:p:1174-1186
    DOI: 10.1016/j.rser.2014.10.060
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    References listed on IDEAS

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    Cited by:

    1. Kienast, Felix & Huber, Nica & Hergert, Rico & Bolliger, Janine & Moran, Lorena Segura & Hersperger, Anna M., 2017. "Conflicts between decentralized renewable electricity production and landscape services – A spatially-explicit quantitative assessment for Switzerland," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 397-407.
    2. Iyer, Gokul C. & Clarke, Leon E. & Edmonds, James A. & Hultman, Nathan E., 2016. "Do national-level policies to promote low-carbon technology deployment pay off for the investor countries?," Energy Policy, Elsevier, vol. 98(C), pages 400-411.
    3. Marra, Alessandro & Antonelli, Paola & Pozzi, Cesare, 2017. "Emerging green-tech specializations and clusters – A network analysis on technological innovation at the metropolitan level," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 1037-1046.
    4. repec:gam:jsusta:v:9:y:2017:i:5:p:862-:d:99174 is not listed on IDEAS
    5. Francesco Vona & G. Marin & D. Consoli, 2016. "Measures, Drivers and Effects of Green Employment : evidence from US local Labor Markets, 2006-2014," Documents de Travail de l'OFCE 2016-22, Observatoire Francais des Conjonctures Economiques (OFCE).
    6. Carfora, Alfonso & Romano, Antonio A. & Ronghi, Monica & Scandurra, Giuseppe, 2017. "Renewable generation across Italian regions: Spillover effects and effectiveness of European Regional Fund," Energy Policy, Elsevier, vol. 102(C), pages 132-141.
    7. Mundaca, Luis & Markandya, Anil, 2016. "Assessing regional progress towards a ‘Green Energy Economy’," Applied Energy, Elsevier, vol. 179(C), pages 1372-1394.
    8. 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.
    9. Lindman, Åsa & Söderholm, Patrik, 2016. "Wind energy and green economy in Europe: Measuring policy-induced innovation using patent data," Applied Energy, Elsevier, vol. 179(C), pages 1351-1359.
    10. repec:eee:rensus:v:78:y:2017:i:c:p:614-623 is not listed on IDEAS
    11. repec:eee:enepol:v:110:y:2017:i:c:p:263-270 is not listed on IDEAS
    12. repec:eee:tefoso:v:127:y:2018:i:c:p:8-22 is not listed on IDEAS
    13. Ringel, Marc & Schlomann, Barbara & Krail, Michael & Rohde, Clemens, 2016. "Towards a green economy in Germany? The role of energy efficiency policies," Applied Energy, Elsevier, vol. 179(C), pages 1293-1303.
    14. repec:eee:rensus:v:75:y:2017:i:c:p:534-547 is not listed on IDEAS

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