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The Effect of Climate Policies on Renewable Energy: A Review of Econometric Studies
[L’effet des politiques climatiques sur les énergies renouvelables : une revue des études économétriques]

Author

Listed:
  • Guillaume Bourgeois

    (UGA - Université Grenoble Alpes, GAEL - Laboratoire d'Economie Appliquée = Grenoble Applied Economics Laboratory - UPMF - Université Pierre Mendès France - Grenoble 2 - INRA - Institut National de la Recherche Agronomique)

  • Sandrine Mathy

    (UGA - Université Grenoble Alpes, GAEL - Laboratoire d'Economie Appliquée = Grenoble Applied Economics Laboratory - UPMF - Université Pierre Mendès France - Grenoble 2 - INRA - Institut National de la Recherche Agronomique)

  • Philippe Menanteau

    (UGA - Université Grenoble Alpes, GAEL - Laboratoire d'Economie Appliquée = Grenoble Applied Economics Laboratory - UPMF - Université Pierre Mendès France - Grenoble 2 - INRA - Institut National de la Recherche Agronomique)

Abstract

The limitation of global warming below 2°C requires rapid and significant deployment of renewable energies in the power sector. Policies to support innovation and diffusion of renewables have been implemented for more than 20 years. There is currently a debate surrounding their economic and environmental efficiency and the right balance between support for innovation and support for diffusion. This article sheds light on the stakes of this debate by presenting the results of the econometric literature which evaluates the effect of these policies and compares these results with the main conclusions of non-econometric studies. The results show that innovation policies and diffusion policies have a positive impact on renewable energies and so confirm non-econometric studies. However, they reveal differentiated effects depending on the type of policies (price-based policies versus quantity-based policies) and the level of maturity of the technologies.

Suggested Citation

  • Guillaume Bourgeois & Sandrine Mathy & Philippe Menanteau, 2017. "The Effect of Climate Policies on Renewable Energy: A Review of Econometric Studies [L’effet des politiques climatiques sur les énergies renouvelables : une revue des études économétriques]," Post-Print hal-05029392, HAL.
    • Handle: RePEc:hal:journl:hal-05029392
    DOI: 10.3917/inno.054.0015
    as

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