| Title |
Policy legacies and energy transitions: Greening policies under sectoral reforms in Argentina and Chile |
| ID_Doc |
32223 |
| Authors |
Cunial, S |
| Title |
Policy legacies and energy transitions: Greening policies under sectoral reforms in Argentina and Chile |
| Year |
2024 |
| Published |
|
| DOI |
10.1016/j.enpol.2024.114059 |
| Abstract |
Under what conditions do greening policies lead to a fast deployment of solar and wind energies? Environmental economics assume that market factors and technological innovations are the main drivers of energy transitions. While these assumptions sometimes hold for well -functioning markets; in emerging economies, the combination of scarce capital, weak institutions, and market distortions creates specific challenges that make their paths to clean energies different from those of developed states. I analyze greening reforms of the electricity sector in Argentina and Chile, exploring instances of success and failure. Using archive data and interviews to stakeholders, I explain how previous sector structures created different market distortions that hindered an effective electricity transition even in the context of significant cost -savings from investment in new technologies. Successful greening policies entailed broader electricity -sector reforms that removed previous binding constraints and restructured incentives for key private -sector stakeholders. I corroborate this argument by employing synthetic control methods to evaluate policies' impact. I show that broad greening policies led to a significant penetration of renewable energies: by 2020 the share of solar and wind energies in Argentina and Chile were about 7.3% and 13.6% higher than in the counterfactual scenarios in which the greening reforms had not occurred. |
| Author Keywords |
Renewable energy; Green policy; Electricity markets; Argentina; Chile |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:001219617400001 |
| WoS Category |
Economics; Energy & Fuels; Environmental Sciences; Environmental Studies |
| Research Area |
Business & Economics; Energy & Fuels; Environmental Sciences & Ecology |
| PDF |
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