Design and Performance of Policy Instruments to Promote the Development of Renewable Energy PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Design and Performance of Policy Instruments to Promote the Development of Renewable Energy PDF full book. Access full book title Design and Performance of Policy Instruments to Promote the Development of Renewable Energy by Gabriela Elizondo Azuela. Download full books in PDF and EPUB format.
Author: Gabriela Elizondo Azuela
Publisher: World Bank Publications
ISBN: 0821396021
Category : Business & Economics
Languages : en
Pages : 85
Get Book Here
Book Description
Renewable energy plays an important role in contributing to the transition toward low-carbon development growth, in enhancing technology diversification and hedging against fuel price volatility, in strengthening economic growth, and in facilitating access to electricity. The global trends indicate a growing commitment to renewable energy development from developed and developing countries in both the introduction of specific policy levers and investment flows. Developing countries have now a long history of designing and implementing specific policy and regulatory instruments to promote renewable energy. Today, feed-in tariff policies are being implemented in about 25 developing countries and quantity based instruments, most notably auction mechanisms, are increasingly being adopted by upper middle income countries. This paper summarizes the results of a recent review of the emerging experience with the design and implementation of price and quota based instruments to promote renewable energy in a sample of six representative developing countries and transition economies. The paper discusses the importance of a tailor-made approach to policy design and identifies the basic elements that have proven instrumental to policy effectiveness, including adequate tariff levels, long term policy or contractual commitments, mandatory access to the grid and incremental cost pass-through. Ultimately, a low carbon development growth in the developing world depends on the availability of resources to finance the solutions that exhibit incremental costs. Policies introduced to support renewable energy development should be designed and introduced in combination with strategies that clearly identify sources of finance and establish a sustainable incremental cost recovery mechanism (for example, using concessional financial flows from developed countries to leverage private financing, strengthening the performance of utilities and distribution companies, or allowing the partial pass-through of incremental costs to consumer tariffs with a differentiated burden sharing that protects the poor). Without question, policy makers will have to ensure that the design of different policy mechanisms and the policy mix per se deliver renewable energy targets with the lowest possible incremental costs and volume of subsidies.
Author: Gabriela Elizondo Azuela
Publisher: World Bank Publications
ISBN: 0821396021
Category : Business & Economics
Languages : en
Pages : 85
Get Book Here
Book Description
Renewable energy plays an important role in contributing to the transition toward low-carbon development growth, in enhancing technology diversification and hedging against fuel price volatility, in strengthening economic growth, and in facilitating access to electricity. The global trends indicate a growing commitment to renewable energy development from developed and developing countries in both the introduction of specific policy levers and investment flows. Developing countries have now a long history of designing and implementing specific policy and regulatory instruments to promote renewable energy. Today, feed-in tariff policies are being implemented in about 25 developing countries and quantity based instruments, most notably auction mechanisms, are increasingly being adopted by upper middle income countries. This paper summarizes the results of a recent review of the emerging experience with the design and implementation of price and quota based instruments to promote renewable energy in a sample of six representative developing countries and transition economies. The paper discusses the importance of a tailor-made approach to policy design and identifies the basic elements that have proven instrumental to policy effectiveness, including adequate tariff levels, long term policy or contractual commitments, mandatory access to the grid and incremental cost pass-through. Ultimately, a low carbon development growth in the developing world depends on the availability of resources to finance the solutions that exhibit incremental costs. Policies introduced to support renewable energy development should be designed and introduced in combination with strategies that clearly identify sources of finance and establish a sustainable incremental cost recovery mechanism (for example, using concessional financial flows from developed countries to leverage private financing, strengthening the performance of utilities and distribution companies, or allowing the partial pass-through of incremental costs to consumer tariffs with a differentiated burden sharing that protects the poor). Without question, policy makers will have to ensure that the design of different policy mechanisms and the policy mix per se deliver renewable energy targets with the lowest possible incremental costs and volume of subsidies.
Author: Gabriela Elizondo Azuela
Publisher: World Bank Publications
ISBN: 082139603X
Category : Business & Economics
Languages : en
Pages : 84
Get Book Here
Book Description
In the early 1990s, developing countries started to introduce different economic incentives to promote the deployment of renewable energy. This paper summarizes the results of a recent review of the emerging experience with the design and implementation of price and quota based instruments to promote renewable energy in
Author: Sunjoo Park
Publisher:
ISBN:
Category : Electric power production
Languages : en
Pages : 143
Get Book Here
Book Description
Abstract: Since the late 1990s, state governments in the U.S. have diversified policy instruments for encouraging the electric power industry to deploy renewable sources for electricity generation. While observing the increasing number of new renewable energy policies at the state level governments, this study raised two research questions: (1) how do state governments intervene in the renewable energy market? and (2) how do various policy approaches taken by state governments affect renewable energy development? To answer for these questions, this study attempts to identify the trends and variations in renewable energy policy designs among states in terms of the combination of aggregate level policy instruments used by state authorities. Additionally, this study aims to examine and compare the effectiveness of policy instruments in the deployment of renewable energy sources for electricity production. This study examined 18 state legislative, renewable energy related regulations, programs, or financial incentives existing between 2001 and 2010 in 48 states. Those 18 individual renewable energy policies were classified into three types of policy instruments: command-and-control, market-based, and information instruments. For the analysis, this study measured the amount and share of the electricity generation from nonhydro renewable sources as renewable energy policy effects. In order to isolate policy effects, this study also considered state specific characteristics such as natural endowment, economic and political environments, and the market conditions of electric power industries in different states. This study employed fixed-effects models to analyze cross-sectional time series data. The results showed that states' adoption of diverse command-and-control types of policy instruments have significantly influenced the increase of both the amount and share of renewable electricity, while informative policy tools helped increase the share of renewable sources used by electric power producers. However, diversification of marketbased policy instruments--especially financial incentives--did not significantly affect the increase of renewable electricity generation in states. Besides governmental intervention, state wealth and citizen interest in environmental issues played important roles in inducing more investment in renewable energy technologies. Also, natural gas price, wind speed, and states' export of electricity determined the proportion of renewable electricity in states.
Author: Jörn Torsten Hünteler
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: IEA-RETD
Publisher: Academic Press
ISBN: 0124055362
Category : Business & Economics
Languages : en
Pages : 281
Get Book Here
Book Description
Are you developing strategies for a future sustainable energy supply? Are you designing policies to deploy renewable energy technologies in your country? Are you looking for new tools and measures to make your policies more effective? Are you planning to make decisions on renewable energy investments in certain countries and are you checking their policy robustness? Let the IEA guide you into successful, efficient and effective policies and decisions for accelerating deployment of renewable energy. Learn about the six policy actions that are essential ingredients for your policy portfolio: Alliance Building Communicating Target Setting Integration in economic policies Optimizing existing instruments and Neutralizing disadvantages on the playing field This book shows why and how successful renewable energy strategies work. Many recent and actual examples of best cases and experiences in policies--based on literature and interviews--show how policies can best mobilize national and international renewable energy business and the financial institutions, while creating broad support. The book is an initiative of the IEA-RETD, an international agreement between nine countries to investigate and accelerate the deployment of renewable energy deployment. Presents you with a variety of policy options that have been proven to accelerate the deployment of renewable energy technologies Based on experiences around the world at the local, regional and national levels Includes the IEA’s ACTION star, a decision-making tool for developing a consolidated renewables policy framework Find inspiration in this guide’s depiction of the significant renewable energy developments to date and the many examples of successful policies featured
Author: Peter Meier
Publisher: World Bank Publications
ISBN: 1464803145
Category : Business & Economics
Languages : en
Pages : 311
Get Book Here
Book Description
This study provides economic models of the sustainability and affordability of renewable energy support schemes alongside operational advice on how the regulatory design may need to be modified to minimize the impact on the budget and be affordable to the poor, as well as how to identify and fill the financing gap.
Author:
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 261
Get Book Here
Book Description
The wide use of renewable energy technologies for generating electricity can be seen as one way of meeting environmental and climate change challenges along with a progression to a low-carbon economy. A large number of policy instruments have been formed and employed to support the adoption of renewable energy technologies in the power generation sector. However, the success of these policies in achieving their goals relies on how effective they are in satisfying their targets and thus increasing renewable energy adoption. One measurement for effectiveness of policy instruments can be their contribution to the input of the process of renewable energy adoption and their effect on satisfying regional goal. The objective of this research is evaluate the effectiveness of energy policy instruments on increasing the adoption of renewable energy by developing a comprehensive evaluation model. Criteria used in this assessment depend on five perspectives that are perceived by decision makers as important for adoption process. The decision model linked the perspectives to policy targets and various energy policy instruments. These perspectives are: economic, social, political, environmental and technical. The research implemented the hierarchical decision model (HDM) to construct a generalized policy assessment framework. Data for wind energy adoption in the Pacific Northwest region were collected as a case study and application for the model. Experts' qualitative judgments were collected and quantified using the pair-wise comparison method and the final rankings and effectiveness of policy alternatives with respect to the mission were identified. Results of this research identified economic feasibility improvement of renewable energy projects as the most influential perspective and that renewable portfolio standards and tax credits are the two most effective criteria to accomplish that. The research also applied sensitivity analysis and scenario analysis to identify the effect of regional perspectives future priority changes on determining the most effective policy for this perspective. Results showed that renewable portfolio standards and tax credits were found to be the two most effective policies among the alternatives assessed. The research model and outcome can serve as policy check tool in policy making for renewable energy development in any region. Based on the overall research findings, policymakers can apply specific policy instruments to support adoption efforts for any given scenario and regional emphasis.
Author: Manfred Hafner
Publisher: Springer Nature
ISBN: 3030390667
Category : Political Science
Languages : en
Pages : 398
Get Book Here
Book Description
The world is currently undergoing an historic energy transition, driven by increasingly stringent decarbonisation policies and rapid advances in low-carbon technologies. The large-scale shift to low-carbon energy is disrupting the global energy system, impacting whole economies, and changing the political dynamics within and between countries. This open access book, written by leading energy scholars, examines the economic and geopolitical implications of the global energy transition, from both regional and thematic perspectives. The first part of the book addresses the geopolitical implications in the world’s main energy-producing and energy-consuming regions, while the second presents in-depth case studies on selected issues, ranging from the geopolitics of renewable energy, to the mineral foundations of the global energy transformation, to governance issues in connection with the changing global energy order. Given its scope, the book will appeal to researchers in energy, climate change and international relations, as well as to professionals working in the energy industry.
Author: Xiaodong Wang
Publisher: World Bank Publications
ISBN: 1464800200
Category : Business & Economics
Languages : en
Pages : 318
Get Book Here
Book Description
Unlocking Commercial Financing for Clean Eneargy in East Asia was written for government decision makers in middle and high-income countries, members of international financing communities, and practitioners. In East Asia, all middle-income countries have national targets for energy efficiency and renewable energy, and some even have targets for carbon reduction. However, a major hurdle to achieving a sustainable energy path is mobilizing the required financing. Policy makers must determine how to unlock commercial financing to scale up clean energy investments. Unlocking Commercial Financing for Clean Energy in East Asia builds on recent experience in applying public financing instruments and attempts to address the following issues: when and under what circumstances to use public financing instruments, which instrument to select, and how to design and implement them most effectively. First and foremost, effective and conducive policies are essential to catalyzing commercial investment in clean energy. Once the right policy regime has been put in place, public financing mechanisms designed to mitigate risks and close financing gaps have proven to play a major catalytic role in kick-starting substantial investments in clean energy. Public financing mechanisms for energy efficiency are particularly important to mitigating financiers' risk perceptions, to aggregating small deals, and to enhancing the interest and capacity of domestic banks. Public financing for renewable energy can provide long-term loan tenure to match the long payback period, mitigate technology risks, and increase access to financing for small and medium enterprises. The selection of public financing instruments should be tailored to the market barriers, the targeted market segments, the regulatory environment, and the maturity of the financial market. Engaging domestic banks through credit lines and guarantees has had the greatest impact in unlocking private financing. Dedicated funds and mezzanine and equity funds can effectively increase access to financing for small and medium enterprises and clean energy start-ups. Finally, the impact of public financing instruments can be substantially increased if they are packaged with technical assistance.
Author: Nathan Rosenberg
Publisher: National Academies Press
ISBN: 0309036305
Category : Political Science
Languages : en
Pages : 656
Get Book Here
Book Description
This volume provides a state-of-the-art review of the relationship between technology and economic growth. Many of the 42 chapters discuss the political and corporate decisions for what one author calls a "Competitiveness Policy." As contributor John A. Young states, "Technology is our strongest advantage in world competition. Yet we do not capitalize on our preeminent position, and other countries are rapidly closing the gap." This lively volume provides many fresh insights including "two unusually balanced and illuminating discussions of Japan," Science noted.
