GSTDTAP  > 气候变化
DOI10.1016/j.enpol.2020.111787
The Role of public interventions in inducing private climate finance: An empirical analysis of the solar energy sector
Nicoletta Corrocher, Elisabetta Cappa
2020-08-24
发表期刊Energy Policy
出版年2020
英文摘要

This paper analyses the factors explaining the recent boost in solar energy private investments, focusing on the role of public finance and public policy tools - feed-in-tariffs and renewable energy quotas. Drawing on a micro-level database of financial transactions in solar energy projects in 23 OECD countries over the period 2004–2015, we perform a panel data analysis to study the relationship between public finance and public policies and private investments in solar energy, controlling for composition of the energy industry and market characteristics by country. We find that the provision of public finance is positively associated with private finance flows. Furthermore, we show that public policy stimulates private investments, but the effect of renewable energy quotas on private finance is larger than that of feed-in tariffs. Finally, the availability of fossil fuels constitutes an important barrier to solar energy investments, while the presence of alternative sources of clean energy does not hinder private climate finance.

领域气候变化
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文献类型期刊论文
条目标识符http://119.78.100.173/C666/handle/2XK7JSWQ/292985
专题气候变化
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GB/T 7714
Nicoletta Corrocher, Elisabetta Cappa. The Role of public interventions in inducing private climate finance: An empirical analysis of the solar energy sector[J]. Energy Policy,2020.
APA Nicoletta Corrocher, Elisabetta Cappa.(2020).The Role of public interventions in inducing private climate finance: An empirical analysis of the solar energy sector.Energy Policy.
MLA Nicoletta Corrocher, Elisabetta Cappa."The Role of public interventions in inducing private climate finance: An empirical analysis of the solar energy sector".Energy Policy (2020).
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