Do renewable electricity policies promote renewable electricity generation? Evidence from panel data

Zhao, Yong, Tang, Kam Ki and Wang, Li-li (2013) Do renewable electricity policies promote renewable electricity generation? Evidence from panel data. Energy Policy, 62 887-897. doi:10.1016/j.enpol.2013.07.072


Author Zhao, Yong
Tang, Kam Ki
Wang, Li-li
Title Do renewable electricity policies promote renewable electricity generation? Evidence from panel data
Journal name Energy Policy   Check publisher's open access policy
ISSN 0301-4215
1873-6777
Publication date 2013-11-01
Sub-type Article (original research)
DOI 10.1016/j.enpol.2013.07.072
Open Access Status Not Open Access
Volume 62
Start page 887
End page 897
Total pages 11
Place of publication Camden, London, United Kingdom
Publisher Elsevier
Language eng
Formatted abstract
Highlights
• We evaluate the effects of renewable electricity policies using the PPML technique.
• The panel dataset covers 122 countries over 1980–2010.
• The policy effects diminish as the number of policies increases.
• The effects are more pronounced before 1996 as well as in developed and emerging market countries.
• Policy effectiveness varies by the type of policy and energy source.

Using the Poisson pseudo-maximum likelihood estimation technique, this paper evaluates the effects of renewable electricity policies on renewable electricity generation using a large panel dataset that covers 122 countries over the period of 1980–2010. The results suggest that renewable electricity policies play a crucial role in promoting renewable electricity generation, but their effectiveness is subject to diminishing returns as the number of policies increases. There is also evidence that the effects of renewable electricity policies are more pronounced before 1996 as well as in developed and emerging market countries, and the negative policy interaction effect fades with the stage of economic development. Lastly, policy effectiveness varies by the type of renewable electricity policy and energy source. Only investment incentives and feed-in tariffs are found to be effective in promoting the development of all types of renewable energy sources for electricity considered in this paper.
Keyword Policy effectiveness
Renewable electricity
PPML
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2014 Collection
School of Economics Publications
 
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Created: Mon, 21 Oct 2013, 20:24:29 EST by Alys Hohnen on behalf of School of Economics