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| 1 |
ID:
160438
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| Summary/Abstract |
A policy instrument can take on multi-dimensional objectives as additional elements are added over time. I examine this through analysis of the ‘support card’ established by the Turkish district municipality of Başakşehir. In this case, a market-based system of income support and instrument for partizan mobilization subsequently transformed into a technology demonstration project. The appearance of multiple objectives is the result of the juxtaposition of target audiences, including a European-based innovation network, low income urban residents, local businesses, and volunteers for the ruling Justice and Development Party (Adalet ve Kalkınma Partisi, AKP) party. This analysis also contributes to a better conceptualization of the AKP's capacity to enhance its legitimacy beyond electoral mobilization.
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| 2 |
ID:
150901
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| Summary/Abstract |
This paper develops a model that explains the delay of decisions to adopt profitable energy-saving investments. This problem is known as the energy paradox. The model rationalizes the profitability requirements raised by the irreversibility, the uncertainty and the decrease of costs as a result of learning by doing. In this context, the wait gives investors more visibility and more lower investment costs, which gives them an option value. The representative agent has an interest to postpone its energy saving decision until future benefits increase and equalize its required option value. Formally, we internalize these explanatory factors in a stochastic model where the updated energy saving benefits follows a geometric Brownian motion. To affirm the capacity of the model, we generate simulation results for two equipments for electrical uses. Beyond that, we extend the model to simulate the effects of energy policy instruments to promote adoption of such equipments. Simulations prove that the taxation of energy prices is likely to be more effective than the subsidy for energy-saving equipments. It is also found that the combination of these instruments amplifies the adoption of energy-saving equipments and generates very favorable economic and environmental externalities.
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| 3 |
ID:
150013
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| Summary/Abstract |
This paper proposes a new typology that classifies innovation policy instruments into two dimensions: government-selection versus market-selection, and producer-orientation versus consumer-orientation. Such a typology articulates the importance of consumer behavior in the policy design for a transition, and the relevance for the market to select target subjects of policy during the deployment stage of clean technology innovation. We apply this typology to policy instruments of China's new energy vehicle (NEV) industry between 1991 and 2015 in order to explain the industry's rapid growth. The focus of China's policy mix has transited from government-selection to market-selection, and from producer-orientation to consumer-orientation. Other than the new typology, this paper traces the entire history of policy transition within China's NEV industry, and finds the transition to be a result of policy learning, thus contributing to future empirical studies of this industry.
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| 4 |
ID:
192736
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| Summary/Abstract |
This study explores whether energy policy-related referendum initiatives in Taiwan can serve as effective policy instruments for the public to participate democratically in the formulation of energy policy and transition. Taiwan's conventional energy policy-making process is top-down, determined by the government, politicians, and experts. This process was challenged by five bottom-up energy-related referendum initiatives in 2018 and 2021, demanding a reduction in coal-fired electricity generation, electricity generation from nuclear energy instead, and an end to the expansion of large-scale fossil fuel energy infrastructure. The preferences of the general public and government for the energy transition agenda were in conflict. The results show that referendum is an effective and socially integrated policy instrument for enhancing energy democracy and guiding governmental energy transition in Taiwan, particularly by resisting the government's dominant coal-based energy agenda and facilitating a restructuring of the energy sector against various social and contextual pressures on energy preferences and contested policy goals. This bottom-up, exogenous rather than endogenous, and forced rather than voluntary energy policy formulation model corresponds to the international discussion on how energy democracy can change traditional structural power relations between the government and citizens in energy policy formulation and transition.
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