Too good to be true? Time-inconsistent renewable energy policies

Chiappinelli, Olga; May, Nils

doi:10.1016/j.eneco.2022.106102

Cited by 9 publications

(1 citation statement)

References 38 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…They found that binding renewable energy deployment targets are more conducive to attracting renewable energy investment and increasing the market share of wind and photovoltaic power generation. [11] Qiao and Yin constructed an evolutionary game model based on consumers, firms, and the government. They found that the effectiveness of government incentives for low-carbon energy transition depends on consumers' attitudes toward energy transition.…”

Section: Literature Reviewmentioning

confidence: 99%

How can regional power coordination drive a low-carbon transition in the power sector? --Evidence from China

Chi,

Zhang,

et al. 2024

Preprint

View full text Add to dashboard Cite

The power sector is the largest single sector in China in terms of carbon dioxide emissions, and low-carbon transformation of power is a crucial part of realizing the dual-carbon goal. The current research on the technical path of power transition mainly seeks technically and economically feasible transition solutions to minimize the transition cost of the power sector under carbon constraints. Still, there are relatively few studies from the perspective of regional coordination. For this reason, this paper constructs a fixed-effects panel model and a moderating-effects test model based on the panel data of 30 provinces and cities in China from 2012 to 2021. It analyzes the role of regional coordination in promoting the regional low-carbon transformation of electric power. The findings include: (1) there is a significant positive relationship between cross-provincial power transmission and electric power green total factor productivity, and the larger the scale of cross-provincial power transmission, the faster the speed of regional electric power low-carbon transition; (2) the heterogeneity analysis shows that cross-provincial power transmission promotes electric power green total factor productivity more significantly in regions with a larger scale of the electric power supply side and the electric power industry; (3) the moderating effect mechanism test The results show that cross-provincial power transmission plays a positive moderating role between the proportion of installed renewable energy and electric power green total factor productivity, and promotes the development of the structure of installed power in the direction of decarbonization. At the same time, cross-provincial power transmission plays a reverse regulating role between the total amount of installed power and green total factor productivity of power and accelerates the low-carbon transformation of regional power by promoting the rational allocation of resources, reducing the scale of regional installed power, and improving the efficiency of power capital investment.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

How can regional power coordination drive a low-carbon transition in the power sector? --Evidence from China

Chi,

Zhang,

et al. 2024

Preprint

View full text Add to dashboard Cite

show abstract

Regional perspective on prospects and risks of the renewable energy in Russia

Chebotareva,

Strielkowski,

Berdnikov

et al. 2024

Energy Science & Engineering

View full text Add to dashboard Cite

The expansion of renewable energy (RE) relies on both natural factors and socioeconomic conditions fostered at the regional level. This paper examines the key factors influencing RE development in selected Russian regions. We conducted a literature review, surveyed 250 industry experts, and analyzed reports from energy and rating agencies, along with natural resource maps, to identify specific risks and indicators. Our expert survey revealed that the most significant technical risks are low resource potential (68%), energy system surplus (68%), and the absence of transport logistics with neighboring regions (58%). Politically, the lack of additional sector initiatives (6%) was noted. Economically, the high cost of RE (56%) and insufficient experience with “green” investments (54%) were highlighted. Social factors included low unemployment rates (74%), and the absence of remote areas without power supply (72%). Environmentally, the lack of enterprises for energy unit utilization (84%), low greenhouse gas emissions (60%), and insufficient accessible territories for facilities (58%) were significant concerns. We developed risk profiles for nine Russian regions, categorizing them into leaders, intermediates, and nascent stages of RE market formation. Our findings indicate that the most impactful factors include resource potential, space limitations for energy facilities, proximity to equipment manufacturers, regional support measures, and the development of “green” investment instruments. Conversely, regional investment attractiveness had a lesser influence. On the basis of these insights, we recommend enhancing RE development through refined federal and regional support programs. We propose additional criteria for project selection: (1) minimum construction costs covered by “green” investments and (2) quantitative restrictions on new capacities, considering regional energy system status. Practical recommendations also include developing regional centers for servicing generating facilities and increasing the sector's investment attractiveness to stimulate private investment.

show abstract