Knowledge Tree
renewable energy subsidies
Also known as: renewable energy subsidies, subsidies for renewable energy, subsidies for renewables
Facts (16)
Sources
Designing Carbon Pricing Policies Across the Globe link.springer.com 16 facts
measurementThe negative relations between expert recommendations for renewable energy subsidies and both GDP per capita and the national weighted carbon price are preserved in the multivariate analysis, but are only significant at the 10% level.
measurementAsian experts most frequently recommend 'green R&D' (22%) as the primary use for carbon pricing revenue, followed by 'reduction of distortionary taxes', 'spending on environmental public goods', and 'subsidies for renewable energy' (each at 16%).
measurementExperts who favor cap-and-trade systems show a positive correlation with recommending subsidies for renewable energy (p < 0.029).
measurementExperts who responded to the survey early were less likely to recommend subsidies for renewable energy compared to those who responded later (30% vs. 39%; χ2-test: p = 0.046).
claimRegarding expert recommendations for subsidies for renewable energy, the relationship with expected climate damages becomes insignificant in the multivariate analysis, while the significant relationship with the estimated probability of catastrophic damages is preserved at the 5% significance level.
claimEconomists tend to recommend lump-sum transfers and reductions in distortionary taxation for carbon pricing revenue usage, while non-economists tend to recommend governmental spending such as subsidies for renewables.
measurementExperts who prefer carbon taxes are negatively correlated with recommendations for 'interventionist' revenue usage options, including green R&D, subsidies for renewable energy, and international transfers for climate change support (p < 0.098).
claimExpert support for 'spending on environmental public goods', 'green R&D', and 'subsidies for renewable energy' increases in countries with higher fossil energy use.
measurementExpert support for renewable energy subsidies as a carbon pricing revenue usage is 66% in Asia compared to 25% in North America.
claimExperts' support for 'spending on environmental public goods', 'grandfathering or tax cuts for firms', 'green R&D', and 'subsidies for renewable energy' decreases as the GDP per capita of the expert's country increases.
measurementThe revenue usage option of equal lump-sum transfers to households correlates negatively with interventionist options such as spending on environmental public goods, green research and development, and subsidies for renewable energy (at the 5% or 1% significance levels).
claimGovernments in higher-income countries are more frequently recommended to use equal lump-sum transfers to compensate households affected by climate policies, whereas experts from lower-income countries more frequently recommend government spending on renewable energy subsidies or environmental public goods.
claimRecommendations for using carbon pricing revenue for 'subsidies for renewable energy' are more frequent at global average GDP per capita levels and are more likely to be supported by non-economists, according to the study 'Designing Carbon Pricing Policies Across the Globe'.
claimExperts who have published in economics journals are more likely to recommend the reduction of distortionary taxes and equal lump-sum transfers to households, but less likely to recommend targeted options like subsidies for renewable energy or spending on environmental public goods, compared to non-economists.
claimExperts with higher numbers of publications and citations are more likely to recommend using carbon pricing revenue for equal lump-sum transfers to households and less likely to recommend spending on environmental public goods or subsidies for renewable energy.
claimExperts who have published on carbon taxes are more likely to recommend spending carbon pricing revenue on environmental public goods and subsidies for renewable energy, and less likely to recommend equal lump-sum transfers to households or transfers to particularly affected firms.