Comparing the innovation effects of support schemes for renewable electricity technologies: A function of innovation approach

Pablo del Río and Mercedes Bleda

Energy Policy, 2012, vol. 50, issue C, 272-282

Abstract: The aim of this paper is to provide a comparative assessment of the innovation effects of instruments which support the diffusion of renewable electricity technologies with a functions-oriented technological innovation system perspective. The paper provides a link between two major streams of the literature: the functions of innovation systems and the literature on renewable electricity support schemes. We show that, when a functional perspective is adopted, feed-in tariffs are likely to be superior to other policy instruments (quotas with tradable green certificates and tendering), although they still need to be complemented with other instruments, most importantly, direct R&D support. Furthermore, those innovation effects are affected by the specific design elements of the instruments chosen.

Keywords: Renewable electricity support; Innovation functions; Technological innovation systems (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (55)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:50:y:2012:i:c:p:272-282

DOI: 10.1016/j.enpol.2012.07.014

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