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Financing Instruments to Promote Energy Efficiency and Renewables in Times of Tight Public Budgets

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  • Wolfgang Eichhammer
  • Mario Ragwitz
  • Barbara Schlomann

Abstract

In the past, many countries have financed schemes to promote energy efficiency and renewable heat generation mainly through public budgets; support schemes to renewable electricity already have a broader financing basis but have been criticised for providing too little incentives for market integration of renewables. This is why it is essential to overhaul the existing financing instruments by tapping new financing sources in addition to the state budgets and by making them more efficient. This objective is examined in four areas: Market-oriented financing schemes for energy efficiency options, financing options for the thermal renovation of the building stock, efficient schemes for renewable electricity generation and future promotion schemes for renewable energy sources for heat generation. The special issue shows that many financing options are either able to mobilise private capital or to supplement public capital in order to provide the additional investments needed for energy efficiency and renewables. The task which remains at the policy level is to establish an efficient framework based on a mixture of private and public funds which mitigates the risks for companies, is tailored to the technological needs and triggers synergetic policies addressing non-economic barriers.

Suggested Citation

  • 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.
    • Handle: RePEc:sae:engenv:v:24:y:2013:i:1-2:p:1-26
    DOI: 10.1260/0958-305X.24.1-2.1
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    Cited by:

    1. Polzin, Friedemann & Migendt, Michael & Täube, Florian A. & von Flotow, Paschen, 2015. "Public policy influence on renewable energy investments—A panel data study across OECD countries," Energy Policy, Elsevier, vol. 80(C), pages 98-111.
    2. Polzin, Friedemann & Nolden, Colin & von Flotow, Paschen, 2018. "Drivers and barriers for municipal retrofitting activities – Evidence from a large-scale survey of German local authorities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 88(C), pages 99-108.
    3. Eko Supriyanto & Jayan Sentanuhady & Wisnu Hozaifa Hasan & Ariyana Dwiputra Nugraha & Muhammad Akhsin Muflikhun, 2022. "Policy and Strategies of Tariff Incentives Related to Renewable Energy: Comparison between Indonesia and Other Developing and Developed Countries," Sustainability, MDPI, vol. 14(20), pages 1-17, October.
    4. Sarah Hafner & Olivia James & Aled Jones, 2019. "A Scoping Review of Barriers to Investment in Climate Change Solutions," Sustainability, MDPI, vol. 11(11), pages 1-19, June.

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