Policies for the Deployment of Renewable Energies: An Overview
Penn collection
Degree type
Discipline
Subject
renewable energy
policy tools
policymaking
review
Business
Energy Policy
Environmental Policy
Environmental Studies
Funder
Grant number
License
Copyright date
Distributor
Related resources
Author
Contributor
Abstract
This paper seeks to explore a comprehensive set of policy tools to promote the deployment of renewable energy capacity. Previous papers have mainly considered one or a handful of policy tools at a time, hence the literature lacks a clear taxonomy of available options to policymakers and the latest findings regarding their effectiveness. The main method of research has been secondary, in other words, literature review, with which I have designed a framework for the different available policies. Based on the findings of numerous studies, I recommend feed-in tariffs as the most effective policy tool in promoting renewable capacity additions at manageable costs. I also highlight the importance of combining investment based, operating support and consumer facing policies in a multi-faceted approach to renewable promotion.