Analysis of renewable energy subsidy in China under uncertainty: Feed-in tariff vs. renewable portfolio standard

Energy Strategy Reviews - Tập 34 - Trang 100628 - 2021
Dong-xiao Yang1, Ya-qiang Jing2, Chan Wang3, Pu-yan Nie3, Peng Sun4
1Collage of Economics and Trade, Hunan University of Technology and Business, Changsha, 410205, PR China
2School of Finance, Guangdong University of Finance & Economics (GDUFE), Guangzhou, 510320, PR China
3Institute of Guangdong Economy & Social Development, School of Finance, Guangdong University of Finance & Economics(GDUFE), Guangzhou, 510320, PR China
4School of Economics and Management, Hainan University, Haikou, 570228, PR China

Tài liệu tham khảo

Azam, 2015, The causal relationship between energy consumption and economic growth in the ASEAN-5 countries, Renew. Sustain. Energy Rev., 47, 732, 10.1016/j.rser.2015.03.023 Azam, 2019, Relationship between energy, investment, human capital, environment, and economic growth in four BRICS countries, Environ. Sci. Pollut. Control Ser., 26, 34388, 10.1007/s11356-019-06533-9 Azam, 2019, The effects of energy on investment, human health, environment and economic growth: empirical evidence from China, Environ. Sci. Pollut. Control Ser., 26, ‏10816, 10.1007/s11356-019-04497-4 Nie, 2016, Renewable energy strategies and energy security, J. Renew. Sustain. Energy, 8, 1093, 10.1063/1.4967714 Nie, 2017, Comparison of energy efficiency subsidies under market power, Energy Pol., 110, 144, 10.1016/j.enpol.2017.07.053 Chen, 2017, Agricultural pollution and regulation: how to subsidize agriculture?, J. Clean. Prod., 164, 258, 10.1016/j.jclepro.2017.06.216 Azam, 2020, Energy and economic growth in developing Asian economies, J. Asia Pac. Econ., 25, 447, 10.1080/13547860.2019.1665328 Yang, 2016, Output subsidy of renewable energy power industry under asymmetric information, Energy, 117, 291, 10.1016/j.energy.2016.10.089 Yang, 2016, Influence of optimal government subsidies for renewable energy enterprises, IET Renew. Power Gener., 10, 1413, 10.1049/iet-rpg.2015.0307 Wang, 2020, Equilibrium analysis of microgrids in renewable portfolio standard-constrained spot markets Kim, 2012, Evaluation and optimization of feed-in tariffs, Energy Pol., 49, 192, 10.1016/j.enpol.2012.05.070 Weitzman, 1974, Prices vs. Quantities, Rev. Econ. Stud., 41, 477, 10.2307/2296698 Menanteau, 2003, Prices versus quantities: choosing policies for promoting the development of renewable energy, Energy Pol., 31, 799, 10.1016/S0301-4215(02)00133-7 Lipp, 2007, Lessons for effective renewable electricity policy from Denmark, Germany and the United Kingdom, Energy Pol., 35, 5481, 10.1016/j.enpol.2007.05.015 Rickerson, 2007, If the shoe FITs: using feed-in tariffs to meet U.S. Renewable electricity targets, Electr. J., 20, 73, 10.1016/j.tej.2007.03.007 Butler, 2008, Comparison of feed-in tariff, quota and auction mechanisms to support wind power development, Renew. Energy, 33, 1854, 10.1016/j.renene.2007.10.008 Muhammad-Sukki, 2014, Progress of feed-in tariff in Malaysia: a year after, Energy Pol., 67, 618, 10.1016/j.enpol.2013.12.044 Martin, 2013, The solar photovoltaic feed-in tariff scheme in New South Wales, Australia, Energy Pol., 61, 697, 10.1016/j.enpol.2013.06.038 Antonelli, 2014, The doping effect of Italian feed-in tariffs on the PV market, Energy Pol., 67, 583, 10.1016/j.enpol.2013.12.025 Jenner, 2013, Assessing the strength and effectiveness of renewable electricity feed-in tariffs in European Union countries, Energy Pol., 52, 385, 10.1016/j.enpol.2012.09.046 Barbose, 2016, A retrospective analysis of benefits and impacts of U.S. renewable portfolio standards, Energy Pol., 96, 645, 10.1016/j.enpol.2016.06.035 Zhang, 2017, The development of China's biomass power industry under feed-in tariff and renewable portfolio standard: a system dynamics analysis, Energy, 139, 947 Hashim, 2011, Renewable energy policies and initiatives for a sustainable energy future in Malaysia, Renew. Sustain. Energy Rev., 15, 4780, 10.1016/j.rser.2011.07.073 Yin, 2010, Do state renewable portfolio standards promote in-state renewable generation?, Energy Pol., 38, 1140, 10.1016/j.enpol.2009.10.067 Bergek, 2010, Are tradable green certificates a cost-efficient policy driving technical change or a rent-generating machine? Lessons from Sweden 2003–2008, Energy Pol., 38, 1255, 10.1016/j.enpol.2009.11.001 Verbruggen, 2012, Assessing the performance of renewable electricity support instruments, Energy Pol., 45, 635, 10.1016/j.enpol.2012.03.014 Tamás, 2010, Feed-in tariff and tradable green certificate in oligopoly, Energy Pol., 38, 4040, 10.1016/j.enpol.2010.03.028 Abolhosseini, 2014, The main support mechanisms to finance renewable energy development, Renew. Sustain. Energy Rev., 40, 876, 10.1016/j.rser.2014.08.013 Kwon, 2015, Is the renewable portfolio standard an effective energy policy?: early evidence from South Korea, Util. Pol., 36, 46, 10.1016/j.jup.2015.09.002 Kwon, 2015, Rent and rent-seeking in renewable energy support policies: feed-in tariff vs. renewable portfolio standard, Renew. Sustain. Energy Rev., 44, 676, 10.1016/j.rser.2015.01.036 García-Álvarez, 2017, Analysis of the promotion of onshore wind energy in the EU: feed-in tariff or renewable portfolio standard?, Renew. Energy, 111, 256, 10.1016/j.renene.2017.03.067 Schallenberg-Rodriguez, 2017, Renewable electricity support systems: are feed-in systems taking the lead?, Renew. Sustain. Energy Rev., 76, 1422, 10.1016/j.rser.2017.03.105 Zhang, 2017, Substitution effect of renewable portfolio standards and renewable energy certificate trading for feed-in tariff, Appl. Energy, 227, 426 Choi, 2018, Prices versus quantities: comparing economic efficiency of feed-in tariff and renewable portfolio standard in promoting renewable electricity generation, Energy Pol., 113, 10.1016/j.enpol.2017.11.008 Sun, 2015, A comparative study of feed-in tariff and renewable portfolio standard policy in renewable energy industry, Renew. Energy, 74, 255, 10.1016/j.renene.2014.08.027 Dong, 2012, Feed-in tariff vs. renewable portfolio standard: an empirical test of their relative effectiveness in promoting wind capacity development, Energy Pol., 42, 476, 10.1016/j.enpol.2011.12.014 Grahame, 1954, 04/02360 Comparing the risk profiles of renewable and natural gas-fired electricity contracts, J. Chem. Phys., 22, 449, 10.1063/1.1740089 Fagiani, 2013, Risk-based assessment of the cost-efficiency and the effectivity of renewable energy support schemes: certificate markets versus feed-in tariffs, Energy Pol., 55, 648, 10.1016/j.enpol.2012.12.066 Ritzenhofen, 2016, The structural impact of renewable portfolio standards and feed-in tariffs on electricity markets, Eur. J. Oper. Res., 255, 224, 10.1016/j.ejor.2016.04.061 Cai, 2019, Power market equilibrium under the joint FIP-RPS renewable energy incentive mechanism in China, Sustainability, 11, 10.3390/su11184964 Nie, 2018, Top runner program in China: a theoretical analysis for potential subsidies, Energy Strat. Rev., 21, 157, 10.1016/j.esr.2018.06.006 Yang, 2018, On the welfare effects of subsidy game for renewable energy investment: toward a dynamic equilibrium model, Renew. Energy, 121, 420, 10.1016/j.renene.2017.12.097