Abstract
Fossil fuels are the main source of energy worldwide and constituted about 87 % of total primary energy consumption in 2012. A growing number of researches show that there is a strong relation between climate change and the carbon dioxide (CO2) emissions which are produced through energy production and consumption. Ongoing concerns about climate change have made renewable energy sources an important component of the world energy consumption portfolio. It is projected that renewable energy will have the highest growth rate among world energy sources. Many scholars applied different methodologies to examine the relationship between energy consumption and economic growth in order to analyze the impacts of energy policy. Also, carbon emission savings made by renewable energy usage have previously been analyzed by applying the life-cycle analysis method. Based on previous researches, economic growth promotes environment quality after a certain period. This study is a review of the effectiveness of governance-related parameters. The impacts of renewable energy development on carbon emission reduction is analyzed. Furthermore, we examine the effectiveness of technological innovation and market regulations applied for renewable energy deployments. Empirical results show that climate change mitigation could be affected more by governance-related parameters than economic development.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Ackermann T, Andersson G, Söder L (2001) Overview of government and market driven programs for the promotion of renewable power generation. Renew Energy 22(1):197–204
Anton WRQ, Deltas G, Khanna M (2004) Incentives for environmental self-regulation and implications for environmental performance. J Environ Econ Manag 48(1):632–654
Axelrod RS, VanDeveer SD, Downie DL (2011) The global environment: institutions, law and policy. Earthscan, London
Bhattacharyya SC (2011) Energy economics: concepts, issues, markets and governance. Springer, London
Bosselmann K, Richardson BJ (1999) Environmental justice and market mechanisms: key challenges for environmental law and policy. Kluwer Law International, The Hague
Carlsson B, Jacobsson S (1997) In search of useful public policies: key lessons and issues for policy makers. Econ Sci Technol Innov 10:299–315
Costantini V, Crespi F (2008) Environmental regulation and the export dynamics of energy technologies. Ecol Econ 66(2):447–460
de Joode J, Jansen JC, van der Welle AJ, Scheepers MJJ (2009) Increasing penetration of renewable and distributed electricity generation and the need for different network regulation. Energy Policy 37(8):2907–2915. doi:10.1016/j.enpol.2009.03.014
del Río P, Bleda M (2012) Comparing the innovation effects of support schemes for renewable electricity technologies: a function of innovation approach. Energy Policy 50:272–282
Dinica V (2006) Support systems for the diffusion of renewable energy technologies—an investor perspective. Energy Policy 34(4):461–480
Dinica V (2011) Renewable electricity production costs—a framework to assist policy-makers’ decisions on price support. Energy Policy 39(7):4153–4167
Dosi G (1988) Sources, procedures, and microeconomic effects of innovation. J Econ Lit 26(3):1120–1171
Egbue O, Long S (2012) Barriers to widespread adoption of electric vehicles: an analysis of consumer attitudes and perceptions. Energy Policy 48:717–729
El Fadel M, Rachid G, El-Samra R, Boutros GB, Hashisho J (2013) Knowledge management mapping and gap analysis in renewable energy: towards a sustainable framework in developing countries. Renew Sustain Energy Rev 20:576–584. doi:10.1016/j.rser.2.012.11.071
Fouquet D, Johansson TB (2008) European renewable energy policy at crossroads—focus on electricity support mechanisms. Energy Policy 36(11):4079–4092
Foxon TJ, Gross R, Chase A, Howes J, Arnall A, Anderson D (2005) UK innovation systems for new and renewable energy technologies: drivers, barriers and systems failures. Energy Policy 33(16):2123–2137. doi:10.1016/j.enpol.2004.04.011
Gunningham N, Grabosky P, Sinclair D (1998) Smart regulation: designing environmental policy. Oxford Clarendon Press, Oxford
Hirschl B (2009) International renewable energy policy—between marginalization and initial approaches. Energy Policy 37(11):4407–4416
IEA (2012a) Energy technology perspectives 2012. OECD Publishing, Paris
IEA (2012b) World energy outlook 2012. OECD Publishing, Paris
IEA (2012c) Energy policies of IEA countries: Denmark 2011. OECD Publishing, Paris
IEA (2013) Energy policies of IEA countries: Germany 2013. OECD Publishing, Paris
Jaffe AB, Newell RG, Stavins RN (2005) A tale of two market failures: technology and environmental policy. Ecol Econ 54(2):164–174
Jaffe AB, Palmer K (1997) Environmental regulation and innovation: a panel data study. Rev Econ Stat 79(4):610–619
Jaffe AB, Peterson SR, Portney PR, Stavins RN (1995) Environmental regulation and the competitiveness of US manufacturing: what does the evidence tell us? J Econ Lit 33(1):132–163
Johnson B, Gregersen B (1995) Systems of innovation and economic integration. J Ind Stud 2(2):1–18
Kemp R (1997) Environmental policy and technical change: a comparison of the technological impact of policy instruments. Edward Elgar, Cheltenham
Klein Woolthuis R, Lankhuizen M, Gilsing V (2005) A system failure framework for innovation policy design. Technovation 25(6):609–619
Lema A, Lema R (2013) Technology transfer in the clean development mechanism: insights from wind power. Glob Environ Change Hum Policy Dimens 23(1):301–313. doi:10.1016/j.gloenvcha.2012.10.010
Lewis JI, Wiser RH (2007) Fostering a renewable energy technology industry: an international comparison of wind industry policy support mechanisms. Energy Policy 35(3):1844–1857
Loock M (2012) Going beyond best technology and lowest price: on renewable energy investors’ preference for service-driven business models. Energy Policy 40:21–27
Martinot E, Sawin J (2012) Renewables global status report. Renewables 2012 Global Status Report, REN21. http://www.martinot.info/REN21_GSR2012.pdf
Menanteau P, Finon D, Lamy ML (2003) Prices versus quantities: choosing policies for promoting the development of renewable energy. Energy Policy 31(8):799–812
Murphy J, Gouldson A (2000) Environmental policy and industrial innovation: integrating environment and economy through ecological modernisation. Geoforum 31(1):33–44
Nemet GF (2009) Demand-pull, technology-push, and government-led incentives for non-incremental technical change. Res Policy 38(5):700–709
Nykamp S, Andor M, Hurink JL (2012) ‘Standard’ incentive regulation hinders the integration of renewable energy generation. Energy Policy 47:222–237. doi:10.1016/j.enpol.2012.04.061
OECD (2011) Better policies to support eco-innovation. OECD Publishing, Paris
OECD (2012) OECD environmental outlook to 2050. OECD Publishing, Paris
Owen AD (2006) Renewable energy: externality costs as market barriers. Energy Policy 34(5):632–642. doi:10.1016/j.enpol.2005.11.017
Painuly JP (2001) Barriers to renewable energy penetration; a framework for analysis. Renew Energy 24(1):73–89
Patlitzianas KD, Doukas H, Psarras J (2006) Enhancing renewable energy in the Arab States of the Gulf: constraints & efforts. Energy Policy 34(18):3719–3726
Reddy S, Painuly JP (2004) Diffusion of renewable energy technologies – barriers and stakeholders’ perspectives. Renew Energy 29(9):1431–1447
Sawin J (2004) National policy instruments: policy lessons for the advancement & diffusion of renewable energy technologies around the world. International Conference for Renewable Energies, Boon. http://www.worldfuturecouncil.org/fileadmin/user_upload/Miguel/Sawin__2004__National_policy_instruments.pdf
Smith K (1997) Economic infrastructures and innovation systems. Systems of innovation. Pinter, London
Sovacool BK (2009a) The cultural barriers to renewable energy and energy efficiency in the United States. Technol Soc 31(4):365–373
Sovacool BK (2009b) The intermittency of wind, solar, and renewable electricity generators: technical barrier or rhetorical excuse? Util Policy 17(3):288–296
Steinbach J, Ragwitz M, Bürger V, Becker L, Kranzl L, Hummel M, Müller A (2013) Analysis of harmonisation options for renewable heating support policies in the European Union. Energy Policy 59:59–70
Verbruggen A (2009) Performance evaluation of renewable energy support policies, applied on Flanders’ tradable certificates system. Energy Policy 37(4):1385–1394
Wang QA, Chen Y (2010) Barriers and opportunities of using the clean development mechanism to advance renewable energy development in China. Renew Sustain Energy Rev 14(7):1989–1998. doi:10.1016/j.rser.2010.03.023
Wang Y (2006) Renewable electricity in Sweden: an analysis of policy and regulations. Energy Policy 34(10):1209–1220. doi:10.1016/j.enpol.2004.10.018
Wee HM, Yang WH, Chou CW, Padilan MV (2012) Renewable energy supply chains, performance, application barriers, and strategies for further development. Renew Sustain Energy Rev 16(8):5451–5465. doi:10.1016/j.rser.2012.06.006
Zhao ZY, Zuo JA, Fan LL, Zillante G (2011) Impacts of renewable energy regulations on the structure of power generation in China – a critical analysis. Renew Energy 36(1):24–30. doi:10.1016/j.renene.2010.05.015
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2015 Springer Science+Business Media Singapore
About this chapter
Cite this chapter
Heshmati, A., Abolhosseini, S., Altmann, J. (2015). Regulatory Frameworks for Renewable Energy Sources. In: The Development of Renewable Energy Sources and its Significance for the Environment. Springer, Singapore. https://doi.org/10.1007/978-981-287-462-7_4
Download citation
DOI: https://doi.org/10.1007/978-981-287-462-7_4
Publisher Name: Springer, Singapore
Print ISBN: 978-981-287-461-0
Online ISBN: 978-981-287-462-7
eBook Packages: Business and EconomicsEconomics and Finance (R0)