Document Type

Working Paper

Date of this Version

2018

Advisor

Sarah Light

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.

Keywords

renewables, renewable energy, policy tools, policymaking, review

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Date Posted:18 September 2018

 

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