From FIT to FIP: assessing the impact of feed-in policies on renewable development in Germany
Yimeng Du, Teng Ma
Abstract
By adopting the autoregressive-distributed lag error correction model, we examine both the short- and long-term impacts of feed-in policies on renewable energy deployment. The estimation results show that the feed-in premium scheme achieved its objective of encouraging the market integration of wind energy but discouraged and retarded investment in solar power technologies. Compared to the market mechanism, fixed price feed-in policy creates greater investment security for solar power projects.
Topics & Concepts
Distributed lagRenewable energyInvestment (military)Software deploymentEnvironmental economicsWind powerAutoregressive modelEconomicsSolar powerLagNatural resource economicsEstimationEconometricsMicroeconomicsIndustrial organizationPower (physics)Computer scienceEngineeringPolitical sciencePhysicsManagementPoliticsElectrical engineeringLawQuantum mechanicsComputer networkOperating systemElectric Power System OptimizationClimate Change Policy and EconomicsHousing Market and Economics