The effect of Public Policies Supporting Renewable energy: A comparative study of installed capacity and electricity generation

• Autor(a) principal: Pereira, Diogo André dos Santos
• Data de Publicação: 2016
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10400.6/5830
• topic: Efeitos Dinâmicos de Painel; Estimador Driscoll-Kraay; Fontes de Energia Renovável; Políticas Públicas de Apoio Às Renováveis; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

The design of energy policies, namely those focused on supporting renewable energy sources is crucial for facing the major challenge of combining economic growth and sustainable development. This paper focuses on the 20 countries with the highest electricity production from renewables, and uses a database of policies since 1971. In addition, this paper uses a time-span from 1990 until 2014, which makes it possible to capture the effects of public policies and the drivers that promote renewable energy implementation, in its take-off phase. The paper contributes to the literature by assessing the effects of public policies supporting renewables on both aggregated renewable sources and individual new renewables. Moreover, it contributes by appraising how public policies are influencing both electricity generation and the installed capacity of renewable sources. The characteristics of the panel data require the use of the Driscoll-Kraay estimator with fixed effects to handle them. The results emphasize that the implementation of renewable energy sources has been established essentially by policy-drivers, but that market-drivers are able to promote renewable energy deployment.