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| 1 |
ID:
180143
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| Summary/Abstract |
This study examines the relationship between total renewable electricity generation, total hydroelectric generation, and carbon dioxide emissions (CO2e) for China. The autoregressive distributed lag (ARDL) model showed that renewable electricity generation, hydroelectric generation, and green innovation decreased CO2e in China from 1990 to 2018, whereas gross domestic product per capita and foreign direct investment increased CO2e. Moreover, the Granger-causality test results are as follows. First, a two-way causal flow from CO2e to foreign direct investment and CO2e to gross domestic product per capita confirmed the feedback hypothesis. Second, a one-way causal flow from hydroelectric and renewable electricity generation to gross domestic product per capita supported the energy-led growth hypothesis. Third, the causality test reflected a one-way causal flow from renewable electricity generation to foreign direct investment and hydroelectric generation to foreign direct investment and renewable electricity generation. This study asserts the need for government to introduce taxes and other incentives for solar, wind, and hydropower-related projects. The paper also calls for designing policies to improve the market attractiveness of hydroelectric generation projects through special investment programs.
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| 2 |
ID:
121300
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| Publication |
2013.
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| Summary/Abstract |
China, India, and South Africa have recognized the importance of renewable electricity for their future development. In this paper, we investigate the experience of the three countries in applying generation-based policies to promote renewable electricity. We show that they have developed approaches that deviate from what the European experience suggests as successful. With a special focus on feed-in tariffs and auction-based tariffs, our comparison highlights the importance of policy choice and policy design specifications in meeting specific objectives. All three emerging economies face the necessity to promote electricity from renewable energies while keeping electricity prices low. Hence, they experiment with policies and design options, and arrive at country specific solutions. Despite applying different policy instruments and designs that put strong emphasis on low cost solutions, all three countries seem able to reach their ambitious deployment targets.
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