Are voluntary markets effective in replacing state-led support for the expansion of renewables? – A comparative analysis of voluntary green electricity markets in the UK, Germany, France and Italy

Herbes, Carsten; Rilling, Benedikt; Macdonald, Scott; Boutin, Nathalie; Bigerna, Simona

doi:10.1016/j.enpol.2020.111473

Cited by 32 publications

(12 citation statements)

References 61 publications

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“…In Australia, climate change has been framed as a political issue and a threat to Australia's economy (Herbes et al., 2020). This has distracted many business leaders from focusing on opportunity and risk management (around climate‐related matters).…”

Section: Resultsmentioning

confidence: 99%

“…Expectations are increasing for corporations, as powerful socioeconomic actors in society, to lead the innovative transformations required to attain more sustainable development including how they respond to climate change (Bui et al., 2020). Despite this voluntary corporate action, there is variable and inconsistent impacts on action on tacking climate change by many corporations as evidenced from relevant disclosure, as has been described in the recent international literature (Broadstock, Collins, Hunt, & Vergos, 2018; Di Filippo, Karpman, & DeShazo, 2019; Herbes, Rilling, MacDonald, Boutin, & Bigerna, 2020; Hickmann, 2017; Jones & Phillips, 2016; Southworth, 2009). Coupled with the limited or sporadic government policies in many nations, progress on climate risk mitigation does not match the expectations of scientific modeling and the agreements reached through the Paris Agreement, which will require significant and material shifts in the way in which capital must be allocated to ensure the most negative impacts of climate change are avoided (Rempel & Gupta, 2020).…”

Section: Introductionmentioning

confidence: 99%

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Is there a role for not‐for‐profit or for‐purpose organizations in supporting governance professionals to engage with climate‐related opportunities and risks?

Scheltus

Guerin

Pears

2021

Environmental Quality Mgmt

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Climate change in Australia has become a political risk (for political parties) and a physical, transitional, and regulatory risk for businesses. Not‐for‐profits (NFPs) and for‐purpose (FPs) organisations, for example, Climate Alliance Limited, have acted in the absence of national climate risk policy, to support businesses to become better informed to manage their exposure to this risk, and helping them to set their own commitments and pathways to low and net zero carbon businesses. The objective of this article is to demonstrate, through the case study method, how one Australian NFP/FP has influenced the business sector and regulation. Climate Alliance Limited has done this through its interventions of (1) sharing case studies (best practices) on successful transitions to a low carbon business model and linking climate risk to business risk; (2) bringing thought leaders (advocacy) from the Bank of England and UK Prudential Regulator into the Australian finance and business sector; and (3) by offering a program (reward and recognition), showcasing how business leaders have and are adapting to climate risks and capturing business value.

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Section: Resultsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Is there a role for not‐for‐profit or for‐purpose organizations in supporting governance professionals to engage with climate‐related opportunities and risks?

Scheltus

Guerin

Pears

2021

Environmental Quality Mgmt

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“…The ability, willingness and the actual results in European Union (EU) countries differ significantly. Therefore, the indicators of public opinions on renewables concern: 1) the possibility to fully replace the sources of electricity by renewables; and 2) the subjective evaluation of the current situation with renewables in a country [19,20]. The exact wording of the questions is presented below.…”

Section: Methodsmentioning

confidence: 99%

Sustainable education: altering the opinions on renewable energy sources

et al. 2020

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Our paper studies the link between the education and the people’s opinions and views of the renewable energy sources (RES). We employ the representative data (1026 respondents) from the Czech Republic. Our empirical model did not reveal any associations between the subjective opinion on the respondents about the possibility to replace electricity generation from conventional sources (such as coal-fired or gas-fired power plants, nuclear power plants or large hydroelectric power plants) with the electricity from wind, solar radiation and biomass combustion. In addition, there seemed to be no correlation between the usage of renewable energy in the Czech Republic and the education of the respondents. However, there are strong significant association between the level of education of the respondents and the existence of opinions on the RES. Higher education means higher probability of the existence of such an opinion. Almost one third of the respondents with primary education did not have an opinion on the topic. This might be caused by an increasing interest in RES of people with higher level of education as they are likely to be more open to all discussions on the socially relevant issues in general. The lack of association between which opinion people have and their level of education is likely to indicate the marginal role of explaining the importance of RES in education.

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“…Similarly, renewable energy portfolio standards [20], feed-in tariffs and targeted tendering schemes can boost deployment of renewable energy technologies [21], but can deliver differing results depending on the design of particular renewable energy policy instrument [22]. Voluntary RES support mechanisms based on supply-side offers to consumers in the form of various electricity products appear to be inefficient [23] requiring to have some sort of a more targeted approach depending on energy technology preferences [24] for achieving a rapid and dynamic deployment of particular technologies [25] and availability of renewable electricity for all consumers. Less mature renewable energy technologies require stable support over longer period of time while those that have achieved certain market penetration can rely on less persistent and usually market-based support mechanisms such as green certificates or tradable permits [26].…”

Section: Rv 3 Facilitating Use Of Non-emission Technologies In Electricity Productionmentioning

confidence: 99%

Are Hugs, Carrots and Sticks Essential for Energy Policy: A Study of Latvia’s National Energy and Climate Plan

Āboltiņš

Jaunzems

Pubule

et al. 2020

Environmental and Climate Technologies

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The purpose of the study was to analyse Latvia’s NECP2030 impact on energy user by identifying the activities/policy measures by their type and their impact on the choices and actions of energy users. The goal of the Latvian National Climate and Energy Plan for 2030 (NECP2030) is to achieve changes in the use of energy with a possibly better impact on climate and environment. Energy user, its choices and action play an essential role in achieving this goal. Latvia’s NECP2030 has 12 activity groups each encompassing one or more activity clusters with several specific activities and policy measures that are intended to influence the use of energy resources and energy. The method of hugs, carrots and sticks was used to categorise activities and through applying literature analysis on policy goals and most appropriate policies identify whether the chosen activities are adequate to achieve NECP2030 goals. The study concludes that in case of four activity groups the identified activities might not be sufficient as literature suggests that more stringent measures are recommended to effectively achieve certain policy goals.

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Are voluntary markets effective in replacing state-led support for the expansion of renewables? – A comparative analysis of voluntary green electricity markets in the UK, Germany, France and Italy

Cited by 32 publications

References 61 publications

Is there a role for not‐for‐profit or for‐purpose organizations in supporting governance professionals to engage with climate‐related opportunities and risks?

Is there a role for not‐for‐profit or for‐purpose organizations in supporting governance professionals to engage with climate‐related opportunities and risks?

Sustainable education: altering the opinions on renewable energy sources

Are Hugs, Carrots and Sticks Essential for Energy Policy: A Study of Latvia’s National Energy and Climate Plan

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