Renewable energy policy effectiveness: A panel data analysis across Europe and Latin America

The Impact of Environmental Policy Stringency on Renewable Energy Production in the Visegrad Group Countries

“…A growing number of studies take into account the impact of various environmental policy instruments on different aspects of deployment of renewable energy technologies, including renewable energy capacity [2,5,7,8,10,11,14,[41][42][43], the development of the renewable energy market [12,44], the contribution of renewables to energy supply [9], renewable energy generation [45], innovations in renewable energy technologies [4,46], societal cost [47,48], the price of power generated [49,50], market value of renewables [51], renewable energy investment risk and return [16,52], energy access [53], employment impact [53,54] and the development of renewable energy technologies [55]. Regarding the role of support policies in promoting renewable energy, the studies yield mixed results, depending on the analyzed period and countries, as well as the types of policy instruments and sources of renewable energy.…”

“…Due to the production cost gap between renewable energy and fossil fuel energy, it is necessary to support the development of renewable energy through an appropriate environmental policy. Public policies supporting the development of renewable energy have been used in developed economies since 1980 and, since 2000, in an increasing number of emerging countries [5]. Although, currently, in some countries, the cost of producing renewable energy is lower than that of conventional energy (e.g., in Australia, in the case of solar and wind energy [6]), the government support policy in these countries is still applied.…”

“…Whether these various environmental (support) policy instruments are effective in promoting the development of renewable energy remains an open question. The results of empirical research in this regard bring contradictory conclusions (e.g., [2,5,[8][9][10][11]).…”

Analysis of world practices for stimulating the development of renewable energy sources. A case study for Russian conditions

“…As of 2010, 12 countries from the Community of Latin America (Brazil, Chile, Argentina, Colombia, Costa Rica, Ecuador, Jamaica, Mexico, Ecuador, Saint Lucia, Saint Vincent and the Grenadines, Uruguay) and the Caribbean (CELAC) completed all tasks for the implementation and operation of systems powered by RES. Referring to [13] in Latin America, renewables (excluding hydropower) accounted for 2.5% of total electricity generation in 1995, 6.42 % in 2014 and 11% in 2018. The region currently benefits from one of the greenest energy pools in the world, thanks to a strong hydropower base and a growing share of solar and wind energy.…”

Thermodynamic, economic, and environmental analysis of a novel hybrid energy storage system: Psuedo‐dynamic modeling approach

“…For example, Denmark has a certain focus on wind energy while Spain, as a rich land in terms of solar energy availability, is focusing more on solar technologies. 5 One more important fact is that the future renewable energy systems will be much more electrified than today, in all sectors, due to the dramatic advancements made in power generation solar and wind technologies over the recent decade. 6 Despite the many advantages, the most important disadvantage of solar and wind systems is their inherent fluctuations with a strong impact on the electricity grid stability, and thus, had slowed down the development of such technologies.…”