The Effect of Climate Policies on Renewable Energy: A Review of Econometric Studies

L’effet des politiques climatiques sur les énergies renouvelables: une revue des études économétriques

Guillaume Bourgeois, Sandrine Mathy and Philippe Menanteau
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Guillaume Bourgeois: UGA - Université Grenoble Alpes, GAEL - Laboratoire d'Economie Appliquée = Grenoble Applied Economics Laboratory - UPMF - Université Pierre Mendès France - Grenoble 2 - INRA - Institut National de la Recherche Agronomique
Sandrine Mathy: UGA - Université Grenoble Alpes, GAEL - Laboratoire d'Economie Appliquée = Grenoble Applied Economics Laboratory - UPMF - Université Pierre Mendès France - Grenoble 2 - INRA - Institut National de la Recherche Agronomique

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Abstract: The limitation of global warming below 2°C requires rapid and significant deployment of renewable energies in the power sector. Policies to support innovation and diffusion of renewables have been implemented for more than 20 years. There is currently a debate surrounding their economic and environmental efficiency and the right balance between support for innovation and support for diffusion. This article sheds light on the stakes of this debate by presenting the results of the econometric literature which evaluates the effect of these policies and compares these results with the main conclusions of non-econometric studies. The results show that innovation policies and diffusion policies have a positive impact on renewable energies and so confirm non-econometric studies. However, they reveal differentiated effects depending on the type of policies (price-based policies versus quantity-based policies) and the level of maturity of the technologies.

Keywords: Diffusion; Innovation; Literature review; Public policies; Renewable energy; Politiques publiques; Énergies renouvelables; Revue de la littérature; Études économétriques (search for similar items in EconPapers)
Date: 2017-09-06
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Published in Innovations - Revue d’économie et de management de l'innovation, 2017, 54 (3), pp.15-39. ⟨10.3917/inno.054.0015⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05029392

DOI: 10.3917/inno.054.0015

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