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On the Effectiveness of Feed-in Tariffs in the Development of Photovoltaic Solar

Author

Listed:
  • Elbert Dijkgraaf

    (Erasmus University Rotterdam, the Netherlands)

  • Tom van Dorp

    (Solarplaza International BV, the Netherlands)

  • Emiel Maasland

    (Erasmus University Centre for Contract Research and Business Support (ERBS) BV, the Netherlands)

Abstract

Growing concern for climate change and rising scarcity of fossil fuels prompted governments to stimulate the development of renewables. This paper empirically tests whether feed-in tariff (FIT) policies have been effective in the development of photovoltaic solar (PV), explicitly taking into account structure and consistency of FITs. Panel data estimations are employed for 30 OECD member countries over the period 1990-2011. We find a positive effect of the presence of a FIT and the development of a country’s share of PV in the electricity-mix. This effect increases if policies are consistent. Tariff height is the most important characteristic of a FIT, but other characteristics such as cost level, duration of contract and restrictions on capacity levels can also not be neglected if the goal is to increase effectiveness of FITs.

Suggested Citation

  • Elbert Dijkgraaf & Tom van Dorp & Emiel Maasland, 2014. "On the Effectiveness of Feed-in Tariffs in the Development of Photovoltaic Solar," Tinbergen Institute Discussion Papers 14-156/VI, Tinbergen Institute.
    • Handle: RePEc:tin:wpaper:20140156
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    Cited by:

    1. Lingyu Li & Xianrong Zheng, 2023. "How Do Sustainability Stakeholders Seize Climate Risk Premia in the Private Cleantech Sector?," JRFM, MDPI, vol. 16(3), pages 1-22, February.
    2. Guillaume Bourgeois & Sandrine Mathy & Philippe Menanteau, 2017. "The effect of climate policies on renewable energies : a review of econometric studies [L’effet des politiques climatiques sur les énergies renouvelables : une revue des études économétriques]," Post-Print hal-01585906, HAL.

    More about this item

    Keywords

    Photovoltaic solar; Feed-in tariffs; Policy-consistency; Design characteristics;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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