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Characteristic of Successful Energy Policy from Politics, Economics, Social and Technological Perspective - a qualitative analysis

Yuzran Bustamar (), Ian Lange and Elizabeth Van Wie Davis
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Yuzran Bustamar: Division of Economics and Business, Colorado School of Mines
Elizabeth Van Wie Davis: Division of Humanities, Arts and Social Sciences, Colorado School of Mines

No 2017-10, Working Papers from Colorado School of Mines, Division of Economics and Business

Abstract: This paper creates a conceptual framework that analyzes successful characteristics of energy policy defined by PEST (Politics, Economics, Social and Technological) determinant indicators. Energy policy that is promoted by a government is meant to ensure reliable energy supply by stimulating energy growth or promoting energy efficiency. Yet, not every policy is successfully implemented or even passed by the lawmakers even one with a clear potential benefit. We performed a qualitative assessment of a review published by International Energy Agency (IEA) of energy policies implemented by the 28 OECD country members within 2003-2014 period. This conceptual framework contributes to our understanding of successful energy policies and lays the foundation for future study to investigate empirical evidence of the determinants of policy success that may lead to security of energy in OECD countries.

Keywords: Energy Policy Characteristics; Successful Policy; Policy Design; PEST Analysis (search for similar items in EconPapers)
JEL-codes: P48 Q48 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2017-11
New Economics Papers: this item is included in nep-ene and nep-reg
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http://econbus-papers.mines.edu/working-papers/wp201710.pdf First version, 2017 (application/pdf)

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