Green tradable certificates versus feed-in tariffs in the promotion of renewable energy shares.

Requate, Till (2015) Green tradable certificates versus feed-in tariffs in the promotion of renewable energy shares. Environmental Economics and Policy Studies, 17 (2). pp. 211-239. DOI 10.1007/s10018-014-0096-8.

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Abstract

The paper analyzes the relationship between CO2 mitigation policy and promotion policies designed to deploy renewable energy sources for electricity production (RES-E). If an emission cap is the only policy target, an optimal mix consisting of high and low carbon use of fossil fuels, deployment of RES-E, and energy savings can best be achieved by either setting a uniform carbon tax or by implementing a cap-and-trade system covering all CO2 sources. An additional RES-E share target causes higher costs in achieving the cap. Conversely, a more ambitious emission target automatically increases the RES-E share. In a second step, we investigate different policies for inducing an RES-E quota. Such a quota can be efficiently achieved either by a system of tradable green certificates, budget-balanced FIT system, or budget-balancing premium system. We also show that differentiated, technology-specific FITs are not efficient.

Document Type: Article
Research affiliation: OceanRep > The Future Ocean - Cluster of Excellence > FO-R05
Kiel University
Kiel University > Kiel Marine Science
OceanRep > The Future Ocean - Cluster of Excellence
Refereed: Yes
Open Access Journal?: Yes
DOI etc.: 10.1007/s10018-014-0096-8
ISSN: 1432-847X
Projects: Future Ocean
Date Deposited: 01 Mar 2018 13:21
Last Modified: 24 Sep 2019 00:15
URI: http://oceanrep.geomar.de/id/eprint/42082

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