Efficiency Evaluation of Promotion Policies for Renewable Energy Power
This paper introduces the main promoting policies for renewable energy power currently adopted by different countries and makes a focal analysis of the typical policies for price-driven mechanism such as feed-in tariff （FIT） and quota-based tradable green certificate （TGC）. By taking the EU countries as samples, an empirical study has been conducted on the efficiency of FIT and TGC by using data envelopment analysis （DEA） model and it is found that FIT has a relatively higher efficiency compared with TGC. The main reason is that in the TGC system, the policy cost is higher due to the lack of technology-specific financial support, so the risk to investors is higher. Furthermore, the TGC market is still immature because of the short implementation period. Along with the maturity of the renewable energy generation technologies, the efficiency of the policy will change. FIT and TGC applies to different development stages of renewable energy generation.
renewable energy powerfeed-in tariftradable green certificatepolicy efficiencydata envelopment analysis
NETL
NSTL
万方数据
维普
