Adoption of solar and wind energy: The roles of carbon pricing and aggregate policy support

Rohan Best and Paul Burke (paul.j.burke@anu.edu.au)

CCEP Working Papers from Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University

Abstract: This paper analyzes the roles of policies and preferences in national adoption of solar and wind energy technologies. We use cross-sectional and panel regressions for both the European Union and a broader international sample. We find that countries that price carbon emissions have gone on to adopt more solar and wind energy. The aggregate level of policy support, measured in euros per megawatt hour, appears to have been important for solar energy adoption. We also find that solar energy adoption has been larger in countries with higher proportions of people concerned about climate change. In addition, we assess the effects of other key explanators including financial system size and income levels.

Keywords: Solar energy; wind energy; carbon pricing; aggregate policy support; renewable energy preference; climate change perception (search for similar items in EconPapers)
JEL-codes: Q40 Q42 Q48 (search for similar items in EconPapers)
Date: 2018-02
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
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Citations: View citations in EconPapers (29)

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Journal Article: Adoption of solar and wind energy: The roles of carbon pricing and aggregate policy support (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:een:ccepwp:1803

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