气候变化领域集成服务门户(CCPortal): Capacity vs energy subsidies for promoting renewable investment: Benefits and costs for the EU power market

CCPortal

DOI	10.1016/j.enpol.2019.111166
	Capacity vs energy subsidies for promoting renewable investment: Benefits and costs for the EU power market
	Özdemir Ö.; Hobbs B.F.; van Hout M.; Koutstaal P.R.
发表日期	2020
ISSN	0301-4215
卷号	137
英文摘要	Policy makers across Europe have implemented renewable support policies with several policy objectives in mind. Among these are achieving ambitious renewable energy targets at the lowest cost, reducing CO2-emissions and promoting technology improvement through learning-by-doing. Using a detailed country-level model of generation markets, we address the question of how policies that subsidize renewable energy (feed-in premia and renewable portfolio standards (RPSs)) versus capacity (investment subsidies) impact the mix of renewable investments, electricity costs, renewable share, the amount of subsidies, and consumer prices in the EU electric power market in 2030 and how they interact with other policies such as the EU ETS. Our analysis shows that subsidies of energy output are cost-effective for achieving renewable energy targets in the short run, whereas policies tied to capacity installation yield more investment and might be more effective in reducing technology costs in the longer term. The difference in costs between these two policy options diminish with higher CO2-prices. Although the differences are significant, they are smaller than cost impacts of other renewable policy design features, namely the effect of not allowing EU members to meet their individual targets by trading renewable credits with other member states. © 2019 Elsevier Ltd
英文关键词	Capacity subsidy; Electricity markets; Energy subsidy; Renewable policy; Renewable target
语种	英语
scopus关键词	Carbon dioxide; Commerce; Cost benefit analysis; Cost effectiveness; Cost reduction; Gas emissions; Power markets; Renewable energy resources; Benefits and costs; Capacity installation; Capacity subsidy; Electric power markets; Energy subsidies; Renewable policy; Renewable portfolio standard; Technology improvement; Investments; alternative energy; cost-benefit analysis; electricity generation; electricity supply; energy policy; European Union; investment; subsidy system; Europe
来源期刊	Energy policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/124875
作者单位	PBL Netherlands Environmental Assessment Agency, Bezuidenhoutseweg 30, Den Haag, 2594 AV, Netherlands; The Johns Hopkins University, Baltimore, MD 21218, United States
推荐引用方式 GB/T 7714	Özdemir Ö.,Hobbs B.F.,van Hout M.,et al. Capacity vs energy subsidies for promoting renewable investment: Benefits and costs for the EU power market[J],2020,137.
APA	Özdemir Ö.,Hobbs B.F.,van Hout M.,&Koutstaal P.R..(2020).Capacity vs energy subsidies for promoting renewable investment: Benefits and costs for the EU power market.Energy policy,137.
MLA	Özdemir Ö.,et al."Capacity vs energy subsidies for promoting renewable investment: Benefits and costs for the EU power market".Energy policy 137(2020).