TY - GEN
T1 - The Relative Effectiveness of Alternative Financial Incentive Policies in Enhancing the Role of Renewable Energy Aid
AU - Jung, Gumin
AU - Lee, Shin
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024.
PY - 2024
Y1 - 2024
N2 - This study examines the effectiveness of financial incentive policies (FIPs) in enhancing the utilization of renewable energy official development assistance (ReODA) in developing countries. The analysis is based on panel regression models using data from 2010 to 2020. The study finds that Grants and subsidies among the FIPs has a positive and significant effect on renewable electricity generation (ReGen) when interacting with ReODA, indicating its potential to enhance the effectiveness of ReODA, whilst Feed-in tariffs/premiums has a negative impact on ReGen. The study suggests that Grants and subsidies, with its greater visibility and transparency, can be a promising financial incentive policy for supporting ReODA in the developing countries, whereas Feed-in tariffs/premiums is not recommended for use in developing countries due to the difficulties in assessing service costs and the cost of transmitting energy. Thus the study recommends considering the visibility and transparency of financial incentive programs to improve their effectiveness.
AB - This study examines the effectiveness of financial incentive policies (FIPs) in enhancing the utilization of renewable energy official development assistance (ReODA) in developing countries. The analysis is based on panel regression models using data from 2010 to 2020. The study finds that Grants and subsidies among the FIPs has a positive and significant effect on renewable electricity generation (ReGen) when interacting with ReODA, indicating its potential to enhance the effectiveness of ReODA, whilst Feed-in tariffs/premiums has a negative impact on ReGen. The study suggests that Grants and subsidies, with its greater visibility and transparency, can be a promising financial incentive policy for supporting ReODA in the developing countries, whereas Feed-in tariffs/premiums is not recommended for use in developing countries due to the difficulties in assessing service costs and the cost of transmitting energy. Thus the study recommends considering the visibility and transparency of financial incentive programs to improve their effectiveness.
KW - Developing country
KW - Feed-in tariffs/premiums
KW - Financial incentive policy
KW - Grants and subsidies
KW - Renewable electricity generation
KW - Renewable energy ODA
UR - http://www.scopus.com/inward/record.url?scp=85200679379&partnerID=8YFLogxK
U2 - 10.1007/978-981-97-3320-0_23
DO - 10.1007/978-981-97-3320-0_23
M3 - Conference contribution
AN - SCOPUS:85200679379
SN - 9789819733194
T3 - Environmental Science and Engineering
SP - 301
EP - 320
BT - Environment and Sustainable Development - Proceedings of the 2023 8th Asia Conference on Environment and Sustainable Development
A2 - Ujikawa, Keiji
A2 - Ishiwatari, Mikio
A2 - Hullebusch, Eric van
PB - Springer Science and Business Media Deutschland GmbH
T2 - 8th Asia Conference on Environment and Sustainable Development, ACESD 2023
Y2 - 3 November 2023 through 5 November 2023
ER -
