Subsidies in carbon finance for promoting renewable energy development

Nie, Pu‐yan; Chen, You-hua; Yang, Yong‐cong; Wang, X. Henry

doi:10.1016/j.jclepro.2016.08.083

Cited by 86 publications

(21 citation statements)

References 36 publications

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“…Jørgensen et al combined two different approaches (renewable resource harvesting with capital investments, and investment policy under a borrowing/ lending constraint) to study a dynamic optimization problem in capital investment and financing [10]. By using a microeconomic model and taking all stakeholders including the government, banks and shareholders of the firm into consideration, Nie et al found that financial debts stimulate firms' outputs but decrease the net profit per unit of debt because of limited liability effects [11]. He et al used a variable intercept model with fixed effects to measure how environmental uncertainty influences renewables' investment through external financing and used regression discontinuity to estimate the effect of renewable energy policy [12].…”

Section: Introductionmentioning

confidence: 99%

Renewables finance and investment: how to improve industry with private capital in China

Liu

Chu

2018

J. Mod. Power Syst. Clean Energy

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One purpose of stimulating financing and investment through private capital is to absorb a higher proportion of renewables and promote renewable industry development. This paper first reviews the current overall situation of renewables financing and investment, and further analyzes the policy environment with respect to the development plan, regulation and special funds. Based on the analysis of the status quo, the paper then discusses the internalities and the externalities that have driven the changes of private capital investment in renewable energy projects, illustrated by a strengths weaknesses opportunities threats (SWOT) analysis. An ideal financing model, public-private partnership and distributed energy resources pattern are analyzed to identify key arrangements and design proper development schemes for both private investors and the government. If China can overcome the defects and obstacles in a reasonable and orderly fashion, the financing and investment problem of China's renewables industry will be solved in many ways. Private capital in the Chinese renewable energy market will bring great incentive if the entire industry can select some promising sub-industries in the renewables sector and choose some appropriate operation modes.

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Section: Introductionmentioning

confidence: 99%

Renewables finance and investment: how to improve industry with private capital in China

Liu

Chu

2018

J. Mod. Power Syst. Clean Energy

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“…Custom duty exemptions [44] Feed-in tariffs [45][46][47][48] Funding to support R&D [47,49] Venture capital in the field of energy [50] R&D equipment [46] Risk coverage support [51] public-private partnership (PPP) [52] demand pull policy [53,54] anti-dumping policy [53,54] tariff policies [53,54] distributed energy policy and demonstration projects [55][56][57][58] To sum up, policymakers should be aware that innovation policies have a very wide range of tools, none of which are necessarily better than the other; rather, each are effective in their own way. However, policymakers need to select these tools concerning specific policy contexts and the country's circumstances [41].…”

Section: Policy Instruments Referencesmentioning

confidence: 99%

A Functional Analysis of Technological Innovation Systems in Developing Countries: An Evaluation of Iran’s Photovoltaic Innovation System

et al. 2020

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For developing countries to catch up, it is vital that they develop emerging technologies and the system that supports that development. The literature suggests developing a technological innovation system (TIS) framework to investigate the development of technologies in a country. Nonetheless, most of this research focuses on developed countries without taking into account developing countries. Therefore, in this paper, we have two main goals. First, reviewing the indicators introduced to the functional analysis of TISs and modifying these indicators based on developing countries’ circumstances. Second, applying this framework to the specific case of Iran’s renewable energy program by using these indicators for analyzing Iran’s photovoltaic TIS to identify the problems. Accordingly, we review indicators used for a functional analysis by considering the needs of developing countries, and we propose a list of indicators that can be used for assessing functions in developing countries’ TISs. The results show that, to evaluate some functions of TIS, we need to use new indicators in developing countries. Finally, we propose some policy recommendations to tackle these functional problems.

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“…In summary, both theoretical and empirical conclusions show that subsidy improves innovation. Actually, how to subsidize is crucial for governments (Nie, Chen, Yang, & Wang, ), especially for environmental field (Yang, Chen, & Nie, ; Yang, Jiang, Chen, & Nie, ). Many papers focus on the subsidizing mechanism to achieve the best efficiency.…”

Section: Literature Reviewmentioning

confidence: 99%

Innovation subsidy under duopoly

et al. 2020

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Innovation plays extremely important roles in the society, and underinvestment in innovation popularly exists. This article aims to capture innovative subsidy with game theory model. First, unilateral subsidy stimulates both innovation and outputs of subsidized firms, while it deters those of opponents. Second, under innovation subsidy, relationship between subsidized firm's innovation and product substitutability satisfies a U shape. For opponents, it is also a U‐shaped relationship. Third, under unilateral subsidy, subsidizing high‐efficiency firms yields more innovation than subsidizing low‐efficiency firms. Finally, bilateral subsidy stimulates more innovation than unilateral subsidy. This study supports theory to subsidize innovation efficiently.

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Subsidies in carbon finance for promoting renewable energy development

Cited by 86 publications

References 36 publications

Renewables finance and investment: how to improve industry with private capital in China

Renewables finance and investment: how to improve industry with private capital in China

A Functional Analysis of Technological Innovation Systems in Developing Countries: An Evaluation of Iran’s Photovoltaic Innovation System

Innovation subsidy under duopoly

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