Arbeitspapier | Working paper
Can technology-specific deployment policies be cost-effective? The case of renewable energy support schemes
While there is relatively limited disagreement on the general need for supporting the deployment of renewable energy sources for electricity generation (RES-E), there are diverging views on whether the granted support levels should be technology-neutral or technology-specific. In this paper we question the frequently stressed argument that technology-neutral schemes will promote RES-E deployment cost-effectively. A simple partial equilibrium model of the electricity sector with one representative investor is developed to illustrate how the cost-effective support levels to different RES-E technologies will be influenced when selected market failures are introduced. We address market failures associated with technological development, long-term risk taking, path dependencies as well as various external costs, all of which drive a wedge between the private and the social costs of RES-E deployment. Based on these analytical findings and a review of empirical literature, we conclude that the relevance of these market failures is typically heterogeneous across different RES-E technologies. The paper ends by discussing a number of possible caveats to implementing cost-effective technology-specific support schemes in practice, including the role of various information and political economy constraints. While these considerations involve important challenges, neither of them suggests an unambiguous plea for technology-neutral RES support policies either.
- Sprache
-
Englisch
- Umfang
-
Seite(n): 27
- ISSN
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1436-140X
- Anmerkungen
-
Status: Veröffentlichungsversion
- Erschienen in
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UFZ Discussion Papers (1/2016)
- Thema
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Ökologie
Politikwissenschaft
Ökologie und Umwelt
spezielle Ressortpolitik
erneuerbare Energie
Energieerzeugung
Elektrizität
neue Technologie
Förderpolitik
Energiepolitik
Effektivität
Subvention
Bioenergie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lehmann, Paul
Söderholm, Patrik
- Ereignis
-
Veröffentlichung
- (wer)
-
Helmholtz-Zentrum für Umweltforschung - UFZ
- (wo)
-
Deutschland, Leipzig
- (wann)
-
2016
- URN
-
urn:nbn:de:0168-ssoar-46488-2
- Rechteinformation
-
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Letzte Aktualisierung
-
21.06.2024, 16:27 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Lehmann, Paul
- Söderholm, Patrik
- Helmholtz-Zentrum für Umweltforschung - UFZ
Entstanden
- 2016