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Institutional constellations and policy instruments for offshore wind power around the North sea

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  • Rentier, Gerrit
  • Lelieveldt, Herman
  • Kramer, Gert Jan

Abstract

This paper analyses how institutional constellations and their associated mode of risk allocation are reflected in the choice of policy instruments for the promotion of offshore wind power. Using the Varieties of Capitalism framework we expect that governments in Liberal Market Economies (LME) tend to use policy instruments that privatise investments and risk-taking, while those in Coordinated Market Economies (CME) use policy instruments that facilitate investments and shared risk-taking in the earlier, more riskful phase of technological development. We test our expectations through a longitudinal comparative analysis of the use of policy instruments and the deployment of offshore wind power in Denmark, the United Kingdom, Germany and the Netherlands between 1990 and 2020.

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  • Rentier, Gerrit & Lelieveldt, Herman & Kramer, Gert Jan, 2023. "Institutional constellations and policy instruments for offshore wind power around the North sea," Energy Policy, Elsevier, vol. 173(C).
    • Handle: RePEc:eee:enepol:v:173:y:2023:i:c:s0301421522005638
    DOI: 10.1016/j.enpol.2022.113344
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    2. Zhang, H. & Pollitt, M., 2023. "Comparison of policy instruments in the development process of offshore wind power in North Sea countries," Cambridge Working Papers in Economics 2365, Faculty of Economics, University of Cambridge.
    3. Hughes, Llewelyn & Longden, Thomas, 2024. "Offshore wind power in the Asia-Pacific: Expert elicitation on costs and policies," Energy Policy, Elsevier, vol. 184(C).

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