Distributional impacts of investment subsidies for residential energy technologies

Lekavičius, Vidas; Bobinaitė, Viktorija; Galinis, Arvydas; Pažėraitė, Aušra

doi:10.1016/j.rser.2020.109961

Cited by 31 publications

(11 citation statements)

References 67 publications

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“…The scholars have shown in their studies that renewable energy subsidies had a positive effect on the use of renewable energy sources and the feed-in tariffs are successful in the promotion of the adoption of solar energy [43][44][45][46]. Lekavičius et al [47] claim that although funding is energy efficient, it mostly favors households with higher incomes because vulnerable households have limited investment opportunities. Therefore, the social policy initiatives are important in terms of policies and measures to promote renewables.…”

Section: Policies To Overcome Barriers Of Renewable Energy Technologi...mentioning

confidence: 99%

Renewable Energy Acceptance by Households: Evidence from Lithuania

et al. 2022

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Although renewable energy adoption in the residential sector has increased significantly in the EU due to the governmental policies, aiming to reduce the barriers of renewable energy penetration, the full potential of renewable energy deployment in households is still not realized due to the behavioral and other barriers. One of the most important factors in the adoption of renewable energy technologies in households is the decision-making to implement renewables; therefore, the behavioral economics insights should be taken into account during the analysis of renewable energy acceptance by households. The paper provides a systematic literature review on renewable energy use in households by analyzing policies and measures, which could increase the use of renewable energy in households by overcoming the major barriers. The dynamics of renewable energy consumption in EU households was performed by applying Eurostat data, and the empirical case study was conducted in Lithuania to understand the main reasons of renewable energy acceptance by the household. Even though the use of renewable energy sources has increased significantly in the EU member states during the recent years, the study has found the following most common barriers that the traditional policies are unable to overcome: (1) high upfront cost and long pay-back period, (2) a lack of information and knowledge, (3) low priority of environmental concern, (4) resistance to change; human habits. The case study shows that the majority of Lithuanian households would like to use renewable energy technologies in their homes, but they encounter financial difficulties and lack of infrastructure. The policy recommendations were developed based on the results of the conducted study.

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Section: Policies To Overcome Barriers Of Renewable Energy Technologi...mentioning

confidence: 99%

Renewable Energy Acceptance by Households: Evidence from Lithuania

et al. 2022

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“…It was also proven that energy efficiency is crucial for both renewable and non-renewable electricity sources and appropriate shares are necessary to achieve the highest environmental objectives in a cost-effective manner. Lekavicius et al [148] studied the complex impact investment subsidies for households that installed renewable energy systems in residential buildings. Comprehensive factors were considered, including the applied technologies, costs, household income, eventual target, support intensity, design restrictions, etc.…”

Section: Economic Assessment Of Sustainable Energymentioning

confidence: 99%

Recent Advances in Low-Carbon and Sustainable, Efficient Technology: Strategies and Applications

et al. 2022

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The COVID-19 pandemic has had a significant impact on the supply chains of traditional fossil fuels. According to a report by the International Energy Agency (IEA) from 2020, oil-refining activity fell by more than the IEA had anticipated. It was also assumed that the demand in 2021 would likely be 2.6 million bpd below the 2019 levels. However, renewable markets have shown strong resilience during the crisis. It was determined that renewables are on track to meet 80% of the growth in electricity demand over the next 10 years and that sustainable energy will act as the primary source of electricity production instead of coal. On the other hand, the report also emphasized that measures for reducing environmental pollution and CO2 emissions are still insufficient and that significant current investments should be further expanded. The Sustainable Development of Energy, Water and Environment Systems (SDEWES) conference series is dedicated to the advancement and dissemination of knowledge on methods, policies and technologies for improving the sustainability of development by decoupling growth from the use of natural resources. The 15th SDEWES conference was held online from 1–5 September 2020; more than 300 reports with 7 special sections were organized on the virtual conference platform. This paper presents the major achievements of the recommended papers in the Special Issue of Energies. Additionally, related studies connected to the above papers published in the SDEWES series are also introduced, including the four main research fields of energy saving and emission reduction, renewable energy applications, the development of district heating systems, and the economic assessment of sustainable energy.

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“…Besides, the subsidies may also take various forms. The three major ways the firms benefit from the subsidies include per-unit production subsidy [ 34 ], innovation effort subsidy [ 33 ] and capacity investment subsidy [ 39 , 40 ].…”

Section: Extension: the Stability Analysis Of The Capacity Investmmentioning

confidence: 99%

Capacity Sharing and Capacity Investment of Environment-Friendly Manufacturing: Strategy Selection and Performance Analysis

Xie

Han

2020

IJERPH

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Many small manufacturing factories suffer insufficient environment-friendly capacity after eliminating the outdated and environmental-harmful production capacity according to stringent environmental rules and regulations. This paper analyzes two strategies that the manufacturer with limited environment-friendly capacity may take to tackle this problem, i.e., investing in building environment-friendly capacities and collaborating with the manufacturer with sufficient environment-friendly capacity in capacity sharing. In a supply chain with two competing manufacturers, this paper builds game-theoretical models and investigates equilibrium solutions under three scenarios (no capacity investment or sharing, capacity investment, and capacity sharing). Then this research investigates the feasible regions of these two strategies and compares the performance of each manufacturer under each scenario. The findings show that both capacity investment and capacity sharing can effectively reduce the profit loss of the manufacturer with limited capacity, while only capacity sharing benefits both manufacturers. The feasibility of these two strategies depends on the initial capacity volume and the capacity investment cost coefficient of the manufacturer with limited capacity. Moreover, the preference of the manufacturer with limited capacity for each strategy depends on the capacity investment cost coefficient. When the capacity investment cost coefficient is relatively high, the win-win situation exists for supply chain members. Furthermore, with the use of chaos theory, the paper shows how to adjust the capacity investment in each period to keep the system stable.

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Distributional impacts of investment subsidies for residential energy technologies

Cited by 31 publications

References 67 publications

Renewable Energy Acceptance by Households: Evidence from Lithuania

Renewable Energy Acceptance by Households: Evidence from Lithuania

Recent Advances in Low-Carbon and Sustainable, Efficient Technology: Strategies and Applications

Capacity Sharing and Capacity Investment of Environment-Friendly Manufacturing: Strategy Selection and Performance Analysis

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