1 option
How Fit are Feed-in Tariff Policies? : Evidence from the European Wind Market / Fan Zhang
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Zhang, Fan
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Carbon Policy and Trading.
- Climate Change Economics.
- Climate Change Mitigation and Green House Gases.
- Energy Production and Transportation.
- Feed-in Tariffs.
- Macroeconomics and Economic Growth.
- Markets and Market Access.
- Wind Energy.
- Europe.
- Local Subjects:
- Carbon Policy and Trading.
- Climate Change Economics.
- Climate Change Mitigation and Green House Gases.
- Energy Production and Transportation.
- Feed-in Tariffs.
- Macroeconomics and Economic Growth.
- Markets and Market Access.
- Wind Energy.
- Europe.
- Physical Description:
- 1 online resource (37 pages)
- Other Title:
- How Fit are Feed-in Tariff Policies?
- Place of Publication:
- Washington, D.C., The World Bank, 2013
- System Details:
- data file
- Summary:
- Feed-in tariffs have become the most widely used policy instrument to promote renewable energy deployment around the world. This paper examines the relation between tariff setting and policy outcome based on wind capacity expansion in 35 European countries over the 1991-2010 period. Using a dynamic panel data model, it estimates the long-run elasticity of wind deployment with respect to the level of feed-in support. The analysis finds that higher subsidies do not necessarily yield greater levels of wind installation. Non-economic barriers and rent-seeking may have contributed to the weak correlation. On the other hand, the length of feed-in contract and guaranteed grid access are important determinants of policy effectiveness. A one-year extension of an original 5-year agreement on average increases wind investment by 6 percent annually, while providing an interconnection guarantee almost doubles wind investment in one year.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.