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Public Policy For Renewable Energy And Turkey

Author

Listed:
  • Turgay BERKSOY

    (Marmara University)

  • Dilek AKBAÅž AKDOÄžAN

    (Marmara University)

Abstract

The aim of this study is to examine the public policies made for renewable energies such as incentive and support mechanisms and evaluate the effects and efficiency of these mechanisms. In this study, the renewable energy policy in Turkey and incentive mechanisms used as a tool to conduct this policy was explained. In the empirical part, the relationship between incentive mechanisms and renewable energy was analyzed using panel data techniques. Annual data sampled from 28 EU member countries and Turkey forthe years between 1990 and 2015 was used. Four incentive mechanisms, including feed-in tariffs, quotas, tenders and tax incentives, have been included in the model. Based on empirical results, among incentive mechanisms only feed-in tariffs and quotas have a significant and positive effect on renewable energy. An increase in either of these incentive mechanisms will lead an increase in the use of renewable energy.

Suggested Citation

  • Turgay BERKSOY & Dilek AKBAÅž AKDOÄžAN, 2018. "Public Policy For Renewable Energy And Turkey," JOURNAL OF LIFE ECONOMICS, Holistence Publications, vol. 5(3), pages 19-42, July.
    • Handle: RePEc:jle:journl:v:5:y:2018:i:3:p:19-42
    DOI: 10.15637/jlecon.251
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    More about this item

    Keywords

    Renewable Energy; Public Policies; Government Support; Incentive Mechanisms;
    All these keywords.

    JEL classification:

    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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