Title
EU renewable energy support policy: faith or facts? EU renewable energy support policy: faith or facts?
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Guildford ,
Subject
Economics
Source (journal)
Energy policy. - Guildford, 1973, currens
Volume/pages
37(2009) :6 , p. 2143-2146
ISSN
0301-4215
1873-6777
ISI
000266233300018
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
The recentEUCommissionproposalforpromotingthesupplyofpowerfromrenewableenergysources wasoriginallybasedonapan-European,harmonisedtradablegreencertificate(TGC)scheme.We suggest, onthebasisofamulti-disciplinaryanalysis,thatapan-EUTGCsystemisnotthewayforward for Europe.ItisvitalthattheCommission(andthemajorityofMemberStates)avoidsimplementation of suchpolicydesignsputforwardbyacoalitionofvestedinterests.Theyshouldinsteadlookat,andact upon, theavailableevidencefromthosecountriesthathaveexperimentedwithTGCs(e.g.Flanders,UK and Sweden)anddesignpoliciesthatstandabetterchanceofmeetingthecriteriaofeffectiveness, efficiencyandequity.Inparticular,thepoliciesmustenableEUtomeettheimmenseinnovation/ industrialisationchallengebyinducingthedevelopmentofacapitalgoodsindustrythatcan,eventually, diffuse abroadrangeoftechnologiesthatuserenewableenergysources.Onlythenwecanacquirean abilitytoimplementanindustrialrevolutionintheenergysysteminawaythatbroadlymeetsthe criteria ofeffectivenessanddynamicefficiency
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