气候变化领域集成服务门户(CCPortal): The Role of public interventions in inducing private climate finance: An empirical analysis of the solar energy sector

CCPortal

DOI	10.1016/j.enpol.2020.111787
	The Role of public interventions in inducing private climate finance: An empirical analysis of the solar energy sector
	Corrocher N.; Cappa E.
发表日期	2020
ISSN	03014215
卷号	147
英文摘要	This paper analyses the factors explaining the recent boost in solar energy private investments, focusing on the role of public finance and public policy tools - feed-in-tariffs and renewable energy quotas. Drawing on a micro-level database of financial transactions in solar energy projects in 23 OECD countries over the period 2004–2015, we perform a panel data analysis to study the relationship between public finance and public policies and private investments in solar energy, controlling for composition of the energy industry and market characteristics by country. We find that the provision of public finance is positively associated with private finance flows. Furthermore, we show that public policy stimulates private investments, but the effect of renewable energy quotas on private finance is larger than that of feed-in tariffs. Finally, the availability of fossil fuels constitutes an important barrier to solar energy investments, while the presence of alternative sources of clean energy does not hinder private climate finance. © 2020 Elsevier Ltd
关键词	Private finance Public finance Public policy Solar energy
英文关键词	Energy policy; Fossil fuels; Public policy; Solar energy; Alternative source; Empirical analysis; Energy investments; Financial transactions; Market characteristics; Panel data analysis; Private investment; Public interventions; Investments; alternative energy; energy market; energy policy; investment; OECD; renewable resource; solar power
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204608
作者单位	ICRIOS, Bocconi University, Via Sarfatti 25, Milano, 20136, Italy; Bocconi University, Via Sarfatti 25, Milano, 20136, Italy
推荐引用方式 GB/T 7714	Corrocher N.,Cappa E.. The Role of public interventions in inducing private climate finance: An empirical analysis of the solar energy sector[J],2020,147.
APA	Corrocher N.,&Cappa E..(2020).The Role of public interventions in inducing private climate finance: An empirical analysis of the solar energy sector.Energy Policy,147.
MLA	Corrocher N.,et al."The Role of public interventions in inducing private climate finance: An empirical analysis of the solar energy sector".Energy Policy 147(2020).