| Title | Effectiveness and efficiency of support schemes for electricity from renewable energy sources |
|---|---|
| ID_Doc | 33238 |
| Authors | Ragwitz, M; Steinhilber, S |
| Title | Effectiveness and efficiency of support schemes for electricity from renewable energy sources |
| Year | 2014 |
| Published | Wiley Interdisciplinary Reviews-Energy And Environment, 3.0, 2 |
| Abstract | Avariety of support schemes for renewable energy sources in the electricity sector (RES-E) are currently being implemented in EU member states. The main tools used for this purpose are either price-based policy instruments such as feed-in tariffs or premiums, or quantity-based instruments such as quota systems using tradable green certificates. Much work has been devoted to the motivation for and evaluation of these instruments, mostly in the form of country/local case studies, model simulations, or econometric modeling. The main drivers behind these policies are addressing the externalities of the environmentally harmful emissions of electricity generation and stimulating technological innovation. Two frequently used evaluation criteria for support schemes and instruments are their effectiveness and economic efficiency. Wefind that those support schemes, which are most effective in stimulating the growth of RES-E generation, are typically economically efficient as well. Generally, it can be concluded that support schemes, which are technology specific, and those that avoid unnecessary risks in project revenues, are more effective and efficient than technology-neutral support schemes, or schemes with higher revenue risk. The most recent quantitative assessment shows that some convergence can now be observed between schemes applying price-and quantity-based instruments. With respect to policy effectiveness, quota schemes show improvements. Regarding efficiency, the situation is still very heterogeneous, and remuneration levels in many EU member states are still substantially higher than generation costs. (C) 2013 John Wiley & Sons, Ltd. |
Similar Articles
| ID | Score | Article |
|---|---|---|
33088
|
Menanteau, P; Finon, D; Lamy, ML Prices versus quantities: choosing policies for promoting the development of renewable energy(2003)Energy Policy, 31.0, 8 | |
| 32850
|
Abbruzzese, M; Infante, D; Smirnova, J The diffusion of renewable energy production in European countries: the role of incentives(2024) | |
| 31361
|
del Río, P; Bleda, M Comparing the innovation effects of support schemes for renewable electricity technologies: A function of innovation approach(2012) | |
| 33172
|
Abolhosseini, S; Heshmati, A The main support mechanisms to finance renewable energy development(2014) | |
| 32608
|
del Rio, P Why does the combination of the European Union Emissions Trading Scheme and a renewable energy target makes economic sense?(2017) | |
| 64057
|
Lupu, I; Hurduzeu, G; Lupu, R; Floriana, M; Gavrilescu, C Drivers For Renewable Energy Consumption In European Union Countries. A Panel Data Insight(2023)Amfiteatru Economic, 25, 63 | |
| 64121
|
Mazurek-Czarnecka, A; Rosiek, K; Salamaga, M; Wasowicz, K; Zaba-Nieroda, R Study on Support Mechanisms for Renewable Energy Sources in Poland(2022)Energies, 15, 12 | |
| 33303
|
Jacobsson, S; Bergek, A; Finon, D; Lauber, V; Mitchell, C; Toke, D; Verbruggen, A EU renewable energy support policy: Faith or facts?(2009)Energy Policy, 37.0, 6 | |
| 41482
|
Safarzadeh, S; Rasti-Barzoki, M; Altmann, J; Moon, I A game theoretic approach for tradable white certificates regarding energy rebound and government intervention(2024) |