Combining Policies for Renewable Energy: Is the Whole Less than the Sum of Its Parts?

Carolyn Fischer and Louis Preonas ()

RFF Working Paper Series from Resources for the Future

Abstract: Since the energy crisis in the 1970s and later the growing concern for climate change in the 1990s, policymakers at all levels of government and around the world have been enthusiastically supporting a wide range of incentive mechanisms for electricity from renewable energy sources (RES-E). Motivations range from energy security to environmental preservation to green jobs and innovation, and measures comprise an array of subsidies to mandates to emissions trading. But do these policies work together or at cross-purposes? To evaluate RES-E policies, one must understand how specific policy mechanisms interact with each other and under what conditions multiple policy levers are necessary. In this article, we review the recent environmental economics literature on the effectiveness of RES-E policies and the interactions between them, with a focus on the increasing use of tradable quotas for both emissions reduction and RES-E expansion.

Keywords: environment; technology; externality; policy; climate change; renewable energy (search for similar items in EconPapers)
JEL-codes: O38 Q21 Q28 Q48 (search for similar items in EconPapers)
Date: 2010-03-12
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (186)

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Related works:
Journal Article: Combining Policies for Renewable Energy: Is the Whole Less Than the Sum of Its Parts? (2010)
Working Paper: Combining Policies for Renewable Energy: Is the Whole Less than the Sum of Its Parts? (2010)
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