Abstract (EN):
Renewable energies have been characterized by being a focal point of discussion in energy policy of the European Union as these clean production technologies contribute to mitigation of climate change by reducing greenhouse gas emissions, achieving sustainable development and protecting the environment. The European regulations establish national targets for each member state but give them enough flexibility to implement the renewable energy support policy that consider more suitable in function of their particular national circumstances. The relative effectiveness of the two main renewable energy support policies (feed-in tariff and quota obligation) for promoting photovoltaic energy in the European Union is compared in this paper. The results suggest that only feed-in tariff policy has significant impacts in terms of installed photovoltaic capacity. However, its main policy design elements (tariff size and contract duration) have a positive impact but not significantly on the development of this clean production technology. Policy-makers should consider the importance of reducing regulatory uncertainty about these concepts.
Language:
English
Type (Professor's evaluation):
Scientific
No. of pages:
6