Combining Policies for Renewable Energy: Is the Whole Less than the Sum of its Parts?

By C. Fischer, L. Preonas. 2010

304 citations recorded by the source corpus.

Since the energy crisis in the 1970s and later the growing concern for climate change in the 1990s, policymakers at all levels of government and around the world have been enthusiastically supporting a wide range of incentive mechanisms for electricity from renewable energy sources (RES-E). Motivations range from energy security to environmental preservation to green jobs and innovation, and measures comprise an array of subsidies to mandates to emissions trading. But do these policies work together or at cross-purposes? To evaluate RES-E policies, one must understand how specific policy mechanisms interact with each other and under what conditions multiple policy levers are necessary. In this article, we review the recent environmental economics literature on the effectiveness of RES-E policies and the interactions between them, with a focus on the increasing use of tradable quotas for both emissions reduction and RES-E expansion.

Subfields: Economics and Econometrics, Environmental Engineering, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/6ae5f1127cbc5082d934cb201bceaa0566783fb0

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Citations in the corpus

Conceptual and empirical advances in analysing policy mixes for energy transitions (2017, background): “Therefore, the corresponding analyses of policy instrument mixes found in this field is often concerned with designing an optimal combination of policy instruments put in place to address specific failures with the idea that (a) some failures can be addressed by many different tools and (b) some com”
Procrastinating reform: The impact of the market stability reserve on the EU ETS (2016, background): “Examples for the latter are substantial changes in the support for renewable energy (Fischer & Preonas, 2010), the phase out of nuclear energy of a large member state (Bruninx et al., 2013), EU-wide energy efficiency measures such as the light bulb ban (Perino & Pioch, 2016) or campaigns to induce…”
Do renewable electricity policies promote renewable electricity generation? Evidence from panel data (2013, background): “Second, although many previous studies (Azuela and Barroso, 2011; Blyth et al., 2009; Fischer and Preonas, 2010) mention that interaction of RE policies would affect the effectiveness of RE policies, the assertion remains untested.”
Combining Tariffs, Investment Subsidies and Soft Loans in a Renewable Electricity Deployment Policy (2014, unknown): “…well-known principle in economics that a single market failure is best addressed with one instrument, while multiple market failures require multiple instruments (Tinbergen 1952, del Río 2009, Fischer and Preonas 2010), the literature generally argues that we need to combine several instruments.”
Renewable Energy Subsidies: Second-Best Policy or Fatal Aberration for Mitigation? (2011, unknown): “…argumentation claims that the energy sector is subject to multiple externalities like carbon emissions, local air pollution, innovation and learning spillovers, imperfect competition, network effects or energy security concerns (e.g. Fischer and Preonas 2010; Sorrell and Sijm 2003; Unruh 2000).”
Causes of the EU ETS price drop: Recession, CDM, renewable policies or a bit of everything? - New evidence (2014, background): “Theoretical work of Fankhauser et al. (2010) and Fischer and Preonas (2010) suggests that the overlapping policies work at crosspurposes , since RES injections displace CO 2 emissions within the EU ETS and thereby reduce the EUA demand and price.”
Policy mixes for sustainability transitions: An extended concept and framework for analysis (2016, background): “However, as the term ‘policy’ is very broad and used differently across disciplines (Dye, 2008; Fischer and Preonas, 2010), we prefer not using it synonymously for ‘instrument’.”
The parameters of policy portfolios: verticality and horizontality in design spaces and their consequences for policy mix formulation (2015, background): “These affect the propensity for designs to avoid the twin shoals of over and under-reacting to problems (Howlett and Rayner, 2007; Maor, 2012) while incorporating better knowledge of both synergistic and counterproductive tool relationships and interactions (Del Río, 2010; Grabosky, 1995; Justen et ”