PUBLIC POLICY FOR RENEWABLE ENERGY AND TURKEY

Turgay Berksoy () and Dilek AKBAÅž AKDOÄžAN ()
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Turgay Berksoy: Marmara University
Dilek AKBAÅž AKDOÄžAN: Marmara University

JOURNAL OF LIFE ECONOMICS, 2018, vol. 5, issue 3, 19-42

Abstract: The aim of this study is to examine the public policies made for renewable energies such as incentive and support mechanisms and evaluate the effects and efficiency of these mechanisms. In this study, the renewable energy policy in Turkey and incentive mechanisms used as a tool to conduct this policy was explained. In the empirical part, the relationship between incentive mechanisms and renewable energy was analyzed using panel data techniques. Annual data sampled from 28 EU member countries and Turkey forthe years between 1990 and 2015 was used. Four incentive mechanisms, including feed-in tariffs, quotas, tenders and tax incentives, have been included in the model. Based on empirical results, among incentive mechanisms only feed-in tariffs and quotas have a significant and positive effect on renewable energy. An increase in either of these incentive mechanisms will lead an increase in the use of renewable energy.

Keywords: Renewable Energy; Public Policies; Government Support; Incentive Mechanisms (search for similar items in EconPapers)
JEL-codes: C23 E62 P28 Q28 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:jle:journl:v:5:y:2018:i:3:p:19-42

DOI: 10.15637/jlecon.251

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