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The Failures of the Entrepreneurial State: Subsidies to Renewable Energies in Europe

In: Questioning the Entrepreneurial State

Author

Listed:
  • Carlo Amenta

    (Università di Palermo
    Istituto Bruno Leoni)

  • Carlo Stagnaro

    (Istituto Bruno Leoni)

Abstract

Since the 1990s, the European Union has committed to gaining global leadership in clean energies such as solar photovoltaic and wind power. The joint amount of wind and solar capacity grew from 12.5 GW (or 2% of total installed electricity capacity) in 2000 to 261.2 GW in 2018 (or 28.1% of total installed electricity capacity). This came at a cost: In 2018 alone, the European Union (excluding the United Kingdom) spent €73 billion to subsidize green energy production. These financial aids were paid for by European energy consumers, mainly through levies charged on top of their power bills. According to proponents, these subsidies were needed to achieve sustainability while promoting the emergence of the European renewable industry. This chapter focuses on the European venture into renewable energies to answer the following three questions: (1) Was the subsidization of green electricity sources an effective environmental policy? (2) Was it an effective industrial policy? (3) Was it an effective social policy? The answer is: no, no, no.

Suggested Citation

  • Carlo Amenta & Carlo Stagnaro, 2022. "The Failures of the Entrepreneurial State: Subsidies to Renewable Energies in Europe," International Studies in Entrepreneurship, in: Karl Wennberg & Christian Sandström (ed.), Questioning the Entrepreneurial State, pages 233-250, Springer.
    • Handle: RePEc:spr:inschp:978-3-030-94273-1_13
    DOI: 10.1007/978-3-030-94273-1_13
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    Cited by:

    1. Nizar Mtibaa & Sami Boudabbous, 2023. "The Realities of Learning through Failure in Entrepreneurship: Results of Qualitative Research," International Review of Management and Marketing, Econjournals, vol. 13(2), pages 19-27, March.

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