The Relative Effectiveness of Alternative Financial Incentive Policies in Enhancing the Role of Renewable Energy Aid

Gumin Jung; Shin Lee

doi:10.1007/978-981-97-3320-0_23

The Relative Effectiveness of Alternative Financial Incentive Policies in Enhancing the Role of Renewable Energy Aid

Gumin Jung
, Shin Lee

International School of Urban Sciences

University of Seoul

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

1 Scopus citations

Abstract

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.

Original language	English
Title of host publication	Environment and Sustainable Development - Proceedings of the 2023 8th Asia Conference on Environment and Sustainable Development
Editors	Keiji Ujikawa, Mikio Ishiwatari, Eric van Hullebusch
Publisher	Springer Science and Business Media Deutschland GmbH
Pages	301-320
Number of pages	20
ISBN (Print)	9789819733194
DOIs	https://doi.org/10.1007/978-981-97-3320-0_23
State	Published - 2024
Event	8th Asia Conference on Environment and Sustainable Development, ACESD 2023 - Sapporo, Japan Duration: 3 Nov 2023 → 5 Nov 2023

Publication series

Name	Environmental Science and Engineering
ISSN (Print)	1863-5520
ISSN (Electronic)	1863-5539

Conference

Conference	8th Asia Conference on Environment and Sustainable Development, ACESD 2023
Country/Territory	Japan
City	Sapporo
Period	3/11/23 → 5/11/23

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy
SDG 10 Reduced Inequalities

Keywords

Developing country
Feed-in tariffs/premiums
Financial incentive policy
Grants and subsidies
Renewable electricity generation
Renewable energy ODA

Access to Document

10.1007/978-981-97-3320-0_23

Cite this

Jung, G., & Lee, S. (2024). The Relative Effectiveness of Alternative Financial Incentive Policies in Enhancing the Role of Renewable Energy Aid. In K. Ujikawa, M. Ishiwatari, & E. V. Hullebusch (Eds.), Environment and Sustainable Development - Proceedings of the 2023 8th Asia Conference on Environment and Sustainable Development (pp. 301-320). (Environmental Science and Engineering). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-981-97-3320-0_23

Jung, Gumin ; Lee, Shin. / The Relative Effectiveness of Alternative Financial Incentive Policies in Enhancing the Role of Renewable Energy Aid. Environment and Sustainable Development - Proceedings of the 2023 8th Asia Conference on Environment and Sustainable Development. editor / Keiji Ujikawa ; Mikio Ishiwatari ; Eric van Hullebusch. Springer Science and Business Media Deutschland GmbH, 2024. pp. 301-320 (Environmental Science and Engineering).

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title = "The Relative Effectiveness of Alternative Financial Incentive Policies in Enhancing the Role of Renewable Energy Aid",

abstract = "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.",

keywords = "Developing country, Feed-in tariffs/premiums, Financial incentive policy, Grants and subsidies, Renewable electricity generation, Renewable energy ODA",

author = "Gumin Jung and Shin Lee",

note = "Publisher Copyright: {\textcopyright} The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024.; 8th Asia Conference on Environment and Sustainable Development, ACESD 2023 ; Conference date: 03-11-2023 Through 05-11-2023",

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Jung, G & Lee, S 2024, The Relative Effectiveness of Alternative Financial Incentive Policies in Enhancing the Role of Renewable Energy Aid. in K Ujikawa, M Ishiwatari & EV Hullebusch (eds), Environment and Sustainable Development - Proceedings of the 2023 8th Asia Conference on Environment and Sustainable Development. Environmental Science and Engineering, Springer Science and Business Media Deutschland GmbH, pp. 301-320, 8th Asia Conference on Environment and Sustainable Development, ACESD 2023, Sapporo, Japan, 3/11/23. https://doi.org/10.1007/978-981-97-3320-0_23

The Relative Effectiveness of Alternative Financial Incentive Policies in Enhancing the Role of Renewable Energy Aid. / Jung, Gumin; Lee, Shin.
Environment and Sustainable Development - Proceedings of the 2023 8th Asia Conference on Environment and Sustainable Development. ed. / Keiji Ujikawa; Mikio Ishiwatari; Eric van Hullebusch. Springer Science and Business Media Deutschland GmbH, 2024. p. 301-320 (Environmental Science and Engineering).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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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

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M3 - Conference contribution

AN - SCOPUS:85200679379

SN - 9789819733194

T3 - Environmental Science and Engineering

SP - 301

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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 -

Jung G, Lee S. The Relative Effectiveness of Alternative Financial Incentive Policies in Enhancing the Role of Renewable Energy Aid. In Ujikawa K, Ishiwatari M, Hullebusch EV, editors, Environment and Sustainable Development - Proceedings of the 2023 8th Asia Conference on Environment and Sustainable Development. Springer Science and Business Media Deutschland GmbH. 2024. p. 301-320. (Environmental Science and Engineering). doi: 10.1007/978-981-97-3320-0_23

The Relative Effectiveness of Alternative Financial Incentive Policies in Enhancing the Role of Renewable Energy Aid

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

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