Financing investments in renewable energy : the impacts of policy design

Environmental Policy Design Characteristics and Technological Innovation

“…For instance, Barradale (2008) argues that in the case of the United States, uncertainty concerning the annual renewal of the federal production tax credit (PTC), discouraged investment in renewable energy. This finding is supported by anecdotal evidence presented in Wiser and Pickle (1998) concerning both wind and solar power. In a comparison of wind power development in Denmark, Germany and Sweden, Söderholm et al (2005) argue that the relatively slow pace of development in Sweden is due to instability in the policy framework, more than the actual level of support, with a number of different subsidy programmes implemented successively for short periods of time.…”

“…(For a recent paper which looks at the role of policy uncertainty on abatement investment decisions, rather than innovation per se, see Löfgren et al 2008. ) However, there is significant anecdotal evidence in the area of renewable power development to support the hypothesis that policy predictability has played at least as important a role as policy stringency (see Söderholm et al 2007, Wiser and Pickle 1998, Barradale 2008. For instance, Barradale (2008) argues that in the case of the United States, uncertainty concerning the annual renewal of the federal production tax credit (PTC), discouraged investment in renewable energy.…”

Technology Assessment Model of Developing Geothermal Energy Resources for Supporting Electrical System: The Case for Oregon

“…Table [12] analyzes the input from the experts., As mentioned before, all of the experts were from different organizations, and the results of the input showed that while not all of them selected the same objectives as the most important, the majority of the experts rated a reduction in the expense of investment energy projects as the most important factor, and ranked this first or second. The As expected, minimizing environmental impact is the most important objective for Oregon since Oregon encourages all investment in renewable energy projects to serve and protect the environment.…”

“…In addition, they found that changing the work system (policy) will have a large effect on investment. The new policy work system supports renewable energy, which will lead to minimize the risk on financial premiums [12]. The United States government has spent more than $1 billion between 1995 to 2000 to develop research in renewable energy, and the U.S has more development and updates of the information than other countries [11].…”

The value of indirect ties in citation networks: SNA analysis with OWA operator weights

“…Investments in the renewable energy industry are growing at a fast pace, addressing environmental concerns in developed countries and presenting both challenges and opportunities for emerging countries. They are also having an impact on policy design [73,42]. For these reasons we believe that understanding the knowledge dynamics in the renewable industry is very important.…”