Determinants of renewable energy growth: A global sample analysis

Determinants of renewable energy growth: A global sample analysis
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DOI:
10.1016/j.enpol.2014.02.036
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发表时间:
2014-06-01
期刊:
影响因子:
9
通讯作者:
Ibikunle, Gbenga
Ibikunle, Gbenga
中科院分区:
经济学2区
文献类型:
--
作者:
Aguirre, Mariana;Ibikunle, Gbenga

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在一个独特的样本分析中,我们通过应用FEVD和PCSE估计方法来调查影响国家层面可再生能源增长的因素。与以前的研究相比,我们的研究时间序列(1990年-2010年)更长,样本规模更广(包括巴西、俄罗斯、印度、中国和南非),我们的结果揭示了新的见解。结果表明,某些政府支持的能源政策阻碍了可再生能源投资,从而意味着政策设计的重大失败。这些政策失败的主要原因可能是不确定性和中断的可能性。采用较弱的自愿办法是为了满足公众对更可持续的投资和方案的需求;我们发现,这些办法也可能对可再生能源的增长产生负面影响。所获得的洞察力与所采用的估计方法是一致的。(C)2014爱思唯尔有限公司。保留所有权利。
We investigate factors influencing country-level renewable energy growth by applying FEVD and PCSE estimation methods in a unique sample analysis. With a longer time series (1990-2010) and a broader sample size of countries (including Brazil, Russia, India, China and South Africa) than previous studies, our results reveal new insights. The results suggest that certain government-backed energy policies impede renewable energy investments, thus implying significant failures in policy design. These policies may be failing mainly because of uncertainty and the likelihood of discontinuity. Weak voluntary approaches are introduced in order to satisfy public demand for more sustainable investments and programmes; we find that these may have negative influences on the growth of renewables as well. The insight gained is consistent over the estimation methods employed. (C) 2014 Elsevier Ltd. All rights reserved.