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Innovation Effects of Support Schemes for Renewable Electricity
The aim of the current research is twofold: 1) to provide a conceptual framework to analyze and classify the innovation effects of instruments to support electricity from renewable energy sources (RES-E) by considering different analytical perspectives and, 2) based on a thorough review of the empirical literature, to compare the innovation effects of different RES-E support instruments, with respect to the different innovation dimensions resulting from those perspectives (technological diversity; research, development and demonstration (RD&D) investments; learning effects and technological competition). No instrument scores well in all innovation dimensions, although feedin tariffs (FITs) score highly in a majority of them. In particular, FITs are more likely to feed back into previous stages of the innovation process than other deployment support schemes, mostly due to their proven capacity to create markets for renewable energy technologies, which activates all the innovation dimensions. Our results do not support the usual claim of a combination of deployment instruments for technologies with different maturity levels. Indeed, the evidence suggests that we should use FITs for technologies with different maturity levels, combined with public RD&D support for the least mature. The impact of deployment instruments on private RD&D investments calls for a better coordination and integration between public RD&D and deployment support. However, the evidence of the impact of support schemes on some of those dimensions is scarce and, thus, more research is required. ; We are grateful to the National Research Council of Spain for financial support (Proyecto Intramural: Análisis de las interacciones entre instrumentos de promoción de las renovables y procedimientos de mitigación de las emisiones de gases de efecto invernadero). Also to the Beyond 2020 project (Design and impact of a harmonised policy for renewable electricity in Europe). This initiative could be established thanks to the financial and intellectual support offered by the “Intelligent Energy – Europe” (IEE) programme of the European Commission, operated by the Executive Agency for Competitiveness and Innovation. Cristina Peñasco gratefully acknowledges support from the Spanish Ministry of Education and CSIC through the JAE program. ; Peer Reviewed
Innovation Effects of Support Schemes for Renewable Electricity
The aim of the current research is twofold: 1) to provide a conceptual framework to analyze and classify the innovation effects of instruments to support electricity from renewable energy sources (RES-E) by considering different analytical perspectives and, 2) based on a thorough review of the empirical literature, to compare the innovation effects of different RES-E support instruments, with respect to the different innovation dimensions resulting from those perspectives (technological diversity; research, development and demonstration (RD&D) investments; learning effects and technological competition). No instrument scores well in all innovation dimensions, although feedin tariffs (FITs) score highly in a majority of them. In particular, FITs are more likely to feed back into previous stages of the innovation process than other deployment support schemes, mostly due to their proven capacity to create markets for renewable energy technologies, which activates all the innovation dimensions. Our results do not support the usual claim of a combination of deployment instruments for technologies with different maturity levels. Indeed, the evidence suggests that we should use FITs for technologies with different maturity levels, combined with public RD&D support for the least mature. The impact of deployment instruments on private RD&D investments calls for a better coordination and integration between public RD&D and deployment support. However, the evidence of the impact of support schemes on some of those dimensions is scarce and, thus, more research is required. ; We are grateful to the National Research Council of Spain for financial support (Proyecto Intramural: Análisis de las interacciones entre instrumentos de promoción de las renovables y procedimientos de mitigación de las emisiones de gases de efecto invernadero). Also to the Beyond 2020 project (Design and impact of a harmonised policy for renewable electricity in Europe). This initiative could be established thanks to the financial and intellectual support offered by the “Intelligent Energy – Europe” (IEE) programme of the European Commission, operated by the Executive Agency for Competitiveness and Innovation. Cristina Peñasco gratefully acknowledges support from the Spanish Ministry of Education and CSIC through the JAE program. ; Peer Reviewed
Innovation Effects of Support Schemes for Renewable Electricity
Río González, Pablo del (author) / Peñasco, Cristina (author)
2014-01-01
Article (Journal)
Electronic Resource
English
DDC:
690
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