Subsidy schemes of renewable energy policy for electricity generation in Thailand

Keyuraphan, S.; Thanarak, Prapita; Ketjoy, Nipon; Rakwichian, Wattanapong

doi:10.1016/j.proeng.2012.01.1291

Cited by 27 publications

(16 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Order By: Relevance

“…For immature technologies, including renewable energy ones, demand subsidies are not so effective as R&D in contributing to cost reductions in renewables [58,59]. Many European countries usually provides subsidies on clean electricity through feed-in tariffs rather than subsidizing renewable energy equipment directly, however, feed-in tariffs adjusted optimally is far less effective than a first-best policy, causing substantial welfare losses in the case of too low emission tax or large market power in the fossil-fuel sector [60].…”

Section: Renewable Energy Subsidiesmentioning

confidence: 99%

Factors That Influence Renewable Energy Technological Innovation in China: A Dynamic Panel Approach

et al. 2018

Sustainability

View full text Add to dashboard Cite

Abstract:We examine the driving effects of various factors on technological innovation to renewables (TIRES), focusing on a set of 29 provinces in China, and apply a dynamic panel approach. China has become a leading player in research and development spending in renewables, and the dynamic panel estimators we use prove themselves to be suitable in handling the persistent effect on TIRES. The level of TIRES in the previous periods is positively and highly correlated with that in the current period and confirmed the need for a stable and consistent policy support for renewables. Electricity consumption is the most important driver for all renewables and wind energy, but the driving effect was weaker for solar energy and biomass. Research and development intensity is the most important driver for biomass, but is only the second most important driver for all renewables, solar energy and wind energy. Unexpectedly, electricity price has had significant negative impacts on TIRES, which reveals that lowering electricity prices will lead to higher innovation in renewables. The driving effect of renewable energy tariff surcharge subsidy is not significant, which means that Chinese subsidy policy has not played the desired role. The driving effect of installed renewable energy capacity is also minimal, which may be due to the fact that overcapacity will hinder TIRES in China. This paper may help policy-makers and the industry understand how to promote TIRES in China effectively based on these above influential factors.

show abstract

Section: Renewable Energy Subsidiesmentioning

confidence: 99%

Factors That Influence Renewable Energy Technological Innovation in China: A Dynamic Panel Approach

et al. 2018

Sustainability

View full text Add to dashboard Cite

show abstract

“…In encouraging the development of renewable energy, the most common policy support includes the feed-in tariff of renewable energy (FIT) and the renewable portfolio standard (RPS), as reported by Keyuraphan et al [15]. In Thailand, integrating these two ways has been a feasible approach in encouraging the power production of renewable energy.…”

Section: (C) Effectiveness Of the Subsidy Mode Choicesmentioning

confidence: 99%

Which Subsidy Mode Improves the Financial Performance of Renewable Energy Firms? A Panel Data Analysis of Wind and Solar Energy Companies between 2009 and 2014

et al. 2015

View full text Add to dashboard Cite

Abstract:The effectiveness of subsidies in improving the performance of renewable energy firms has aroused significant research attention in recent years. As subsidy modes may affect corporate financial performance,we have chosen companies specializing in wind and solar energy in the Shanghai and Shenzhen stock markets as samples.The relationships between the subsidy modes and financial performance of these two types of companies are investigated with a panel data model. Results of the total sample indicate that both indirect and non-innovative subsidy have significant effects on the financial performance of renewable energy companies. The regressive coefficient of the former,however, is a negative value, which illustrates that taxation, bonus, and other market-based mechanisms impair corporate profitability. Moreover, the influence of innovative subsidy is weak, which means that the subsidy used for research and development, technical demonstration, and other innovations of renewable energy enterprises have failed to effectively enhance corporate financial performance. In terms of sub-industries, the direct subsidy for wind energy companies has achieved a significant effect. Incomparison, the indirect subsidy and innovative subsidy acquired by solar energy companies have notably reduced corporate profitability. Thissuggests an urgent reform of subsidy policy for this industry is needed. The government should consider differences in the effects subsidies have for wind and solar energy companies when improving subsidy policy. In addition, market-based subsidy mechanisms should be perfected, and the structure of innovative subsidies should be ameliorated.

show abstract

“…Effective energy support policies are necessary to catalyze the diffusion process until RETs can compete with conventional sources (Keyuraphan et al, 2012). While PV systems are one of the fastest growing RETs (REN21, 2011), they also remain one of the most expensive energy sources to date (Haas et al, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

Renewable energy technology diffusion: an analysis of photovoltaic-system support schemes in Medellín, Colombia

Radomes

Arango

2015

Journal of Cleaner Production

View full text Add to dashboard Cite

Subsidy schemes of renewable energy policy for electricity generation in Thailand

Cited by 27 publications

References 1 publication

Factors That Influence Renewable Energy Technological Innovation in China: A Dynamic Panel Approach

Factors That Influence Renewable Energy Technological Innovation in China: A Dynamic Panel Approach

Which Subsidy Mode Improves the Financial Performance of Renewable Energy Firms? A Panel Data Analysis of Wind and Solar Energy Companies between 2009 and 2014

Renewable energy technology diffusion: an analysis of photovoltaic-system support schemes in Medellín, Colombia

Contact Info

Product

Resources

About