Renewable electricity policy: feed-in tariffs versus tradable green certificates

Bert Saveyn, Antonio Soria Ferrer and Tobias Wiesenthal
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Antonio Soria Ferrer: Institute for Prospective Technological Studies (ITPS)
Tobias Wiesenthal: Institute for Prospective Technological Studies (ITPS)

EKONOMIAZ. Revista vasca de Economía, 2008, vol. 67, issue 01, 118-139

Abstract: The paper discusses feed-in tariffs (a price-based market-pull instrument) and tradable green certificates (quantity-based market-pull instrument) as the two prevailing support schemes for renewable electricity in Europe. It compares them for uncertainty, market and regulatory risks, costefficiency, technical innovation (“valley of death”), consumer electricity prices, public finance, NIMBY and local benefits. The paper also gives an overview of the status-quo of RES-E policies in the EU.

Keywords: feed-in tariffs; renewable electricity; tradable green certificates (search for similar items in EconPapers)
JEL-codes: Q42 Q48 Q54 Q55 (search for similar items in EconPapers)
Date: 2008
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