Market-pull policies to promote renewable energy: a quantitative assessment of tendering implementation
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/20143 |
Resumo: | Policymakers ideally select the support mechanism that better foments renewable energy production at the lowest cost to comply with international climate agreements. Currently, tendering is the fastest rising scheme. Yet a quantitative assessment of its performance in the literature is missing. We assess the effect of the introduction of auctions in accelerating the addition of renewable capacity through three econometric models: fixed-effects multivariate regression, statistical matching and synthetic control. The dataset includes 20 developed countries, spanning from 2004 to 2014, and both macroeconomic and policy drivers. Results show that tendering has the strongest effects to promote net renewable capacity comparing to other mechanisms like feed-in tariffs. Countries implementing tendering on average have a higher addition of net capacity of renewables in the order of 1000-2000 MW annually. The positive effect of tenders is clearer when analyzing with synthetic controls the case of Italy: while tendering enhances the deployment of renewables, policy instability jeopardizes the sustainability of tendering’s impact. |
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Market-pull policies to promote renewable energy: a quantitative assessment of tendering implementationPolicy assessmentSynthetic controlInvestmentTenderingRenewable energyPolicymakers ideally select the support mechanism that better foments renewable energy production at the lowest cost to comply with international climate agreements. Currently, tendering is the fastest rising scheme. Yet a quantitative assessment of its performance in the literature is missing. We assess the effect of the introduction of auctions in accelerating the addition of renewable capacity through three econometric models: fixed-effects multivariate regression, statistical matching and synthetic control. The dataset includes 20 developed countries, spanning from 2004 to 2014, and both macroeconomic and policy drivers. Results show that tendering has the strongest effects to promote net renewable capacity comparing to other mechanisms like feed-in tariffs. Countries implementing tendering on average have a higher addition of net capacity of renewables in the order of 1000-2000 MW annually. The positive effect of tenders is clearer when analyzing with synthetic controls the case of Italy: while tendering enhances the deployment of renewables, policy instability jeopardizes the sustainability of tendering’s impact.Elsevier2023-03-01T00:00:00Z2020-03-01T00:00:00Z2020-03-012020-03-20T11:44:02Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/20143eng0959-652610.1016/j.jclepro.2019.119209Bento, N.Borello, M.Gianfrate, G.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:56:43Zoai:repositorio.iscte-iul.pt:10071/20143Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:29:07.724415Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Market-pull policies to promote renewable energy: a quantitative assessment of tendering implementation |
title |
Market-pull policies to promote renewable energy: a quantitative assessment of tendering implementation |
spellingShingle |
Market-pull policies to promote renewable energy: a quantitative assessment of tendering implementation Bento, N. Policy assessment Synthetic control Investment Tendering Renewable energy |
title_short |
Market-pull policies to promote renewable energy: a quantitative assessment of tendering implementation |
title_full |
Market-pull policies to promote renewable energy: a quantitative assessment of tendering implementation |
title_fullStr |
Market-pull policies to promote renewable energy: a quantitative assessment of tendering implementation |
title_full_unstemmed |
Market-pull policies to promote renewable energy: a quantitative assessment of tendering implementation |
title_sort |
Market-pull policies to promote renewable energy: a quantitative assessment of tendering implementation |
author |
Bento, N. |
author_facet |
Bento, N. Borello, M. Gianfrate, G. |
author_role |
author |
author2 |
Borello, M. Gianfrate, G. |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Bento, N. Borello, M. Gianfrate, G. |
dc.subject.por.fl_str_mv |
Policy assessment Synthetic control Investment Tendering Renewable energy |
topic |
Policy assessment Synthetic control Investment Tendering Renewable energy |
description |
Policymakers ideally select the support mechanism that better foments renewable energy production at the lowest cost to comply with international climate agreements. Currently, tendering is the fastest rising scheme. Yet a quantitative assessment of its performance in the literature is missing. We assess the effect of the introduction of auctions in accelerating the addition of renewable capacity through three econometric models: fixed-effects multivariate regression, statistical matching and synthetic control. The dataset includes 20 developed countries, spanning from 2004 to 2014, and both macroeconomic and policy drivers. Results show that tendering has the strongest effects to promote net renewable capacity comparing to other mechanisms like feed-in tariffs. Countries implementing tendering on average have a higher addition of net capacity of renewables in the order of 1000-2000 MW annually. The positive effect of tenders is clearer when analyzing with synthetic controls the case of Italy: while tendering enhances the deployment of renewables, policy instability jeopardizes the sustainability of tendering’s impact. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-03-01T00:00:00Z 2020-03-01 2020-03-20T11:44:02Z 2023-03-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/20143 |
url |
http://hdl.handle.net/10071/20143 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
0959-6526 10.1016/j.jclepro.2019.119209 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Elsevier |
publisher.none.fl_str_mv |
Elsevier |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799134853667487744 |