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Rent management and policy learning in green technology development: the case of solar energy in India

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  • Altenburg, Tilman
  • Engelmeier, Tobias

Abstract

To avoid irreversible damage to global ecosystems, new “green” technologies are needed. Some of those are still far from commercial maturity. In such cases, governments may create temporary rents to make investments “artificially” attractive. The creation of such rents, however, involves risks of misallocation and political capture. This article looks at rent management in the case of India's National Solar Mission. So far, the mission has been remarkably effective in triggering solar investments and keeping the necessary subsidies manageable through a process of competitive reverse bidding for tariffs. Moreover, policy design and implementation showed a good deal of experimentation and learning. Some risks remain, especially regarding the enforceability of renewable energy quotas at the level of Indian states. On the whole, however, first experiences indicate that “green rents” have been managed in a fairly effective way. Tobias Engelmeier is Managing Director of BRIDGE TO INDIA Pvt. Ltd. (http://www.bridgetoindia.com/), a consultancy focused on the Indian solar market.

Suggested Citation

  • Altenburg, Tilman & Engelmeier, Tobias, 2012. "Rent management and policy learning in green technology development: the case of solar energy in India," IDOS Discussion Papers 12/2012, German Institute of Development and Sustainability (IDOS).
  • Handle: RePEc:zbw:diedps:122012
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    Cited by:

    1. Keun Lee & Calestous Juma & John Mathews, 2014. "Innovation Capabilities for Sustainable Development in Africa," WIDER Working Paper Series wp-2014-062, World Institute for Development Economic Research (UNU-WIDER).
    2. Lee, Keun & Juma, Calestous & Mathews, John, 2014. "Innovation capabilities for sustainable development in Africa," WIDER Working Paper Series 062, World Institute for Development Economic Research (UNU-WIDER).
    3. Andrade, Rodrigo & Griffith-Jones, Edward & Griffith-Jones, Stephany & Spratt, Stephen, 2017. "Investment in renewable energy, fossil fuel prices and policy implications for Latin America and the Caribbean," Financiamiento para el Desarrollo 41679, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Volz, Ulrich, 2012. "The need and scope for strengthening co-operation between regional financing arrangements and the IMF," IDOS Discussion Papers 15/2012, German Institute of Development and Sustainability (IDOS).
    5. Keun Lee and John Mathews, 2013. "Science, technology and innovation for sustainable development," CDP Background Papers 016, United Nations, Department of Economics and Social Affairs.
    6. Sahoo, Anshuman & Shrimali, Gireesh, 2013. "The effectiveness of domestic content criteria in India's Solar Mission," Energy Policy, Elsevier, vol. 62(C), pages 1470-1480.

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    Keywords

    Energie; Governance; Klimawandel;
    All these keywords.

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