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Book Case Studies on the Effectiveness of State Financial Incentives for Renewable Energy

Download or read book Case Studies on the Effectiveness of State Financial Incentives for Renewable Energy written by and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: September 2002 · NREL/SR-620-32819 Case Studies on the Effectiveness of State Financial Incentives for Renewable Energy S. Gouchoe, V. Everette, and R. Haynes North Carolina State University Raleigh, North Carolina National Renewable Energy Laboratory 1617 Cole Boulevard Golden, Colorado 80401-3393 NREL is a U.S. Department of Energy Laboratory Operated by Midwest Research Institute · Battelle · Bechtel Contract No. DE-AC36-99-GO10337 September 2002 · NREL/SR-620-32819Case Studies on the Effecti.

Book The Politics of Renewable Energy

Download or read book The Politics of Renewable Energy written by and published by . This book was released on 2019 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientist and policy makers alike have identified renewable energy technologies as a means to reduce global greenhouse gas admissions and remediate some of the negative effects of climate change. The global campaign to promote renewables is particularly strong among European countries, where policymakers have acknowledged global environmental changes at the national level, and responded by creating comprehensive national renewable energy policies to meet this challenge. However, in the United States, climate change appears to be a lower priority to the general electorate and to political leaders. This low level of public concern, paired with the fragmented design of US political structures and engrained political culture, provides a unique set of challenges to the development of more effective national renewable energy policies. The lack of a defined national policy also creates a variety of individual incentive-based policies administrated at the state and local jurisdictional levels with varying results in terms of policy effectiveness towards renewable energy. To address this problem, the existing literature argues that policies promoting financial incentives and subsidies have a direct causal relationship with the growth in the renewable energy sector. This literature points to the growth in solar photovoltaic permitting activity in California (from 2009 – 2015) as evidence of the effectiveness of incentives and subsidies in shaping citizen behavior towards renewable energy. Through area statewide analysis, the existing literature infers that rational actors are generally likely to respond to financial incentives in a clear and direct way. This thesis examines the effectiveness and efficiency of financial incentive- and subsidy-based public policy in the promotion of the renewable energy sector. This thesis maps existing environmental philosophies and examines domestic renewable energy policies, focusing particularly at the state and local jurisdictional level. I use four intentional match comparisons to compare similar local jurisdiction policies promoting incentives against those local jurisdictions without incentive policies to isolate and determine whether local level financial incentive programs have a direct causal relationship with the growth of renewable energy markets.

Book Financial Incentives for Renewable Energy Development

Download or read book Financial Incentives for Renewable Energy Development written by and published by World Bank Publications. This book was released on 1998-01-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank is providing assistance to the Government of China to help develop recommendations for changes to China's present system of financial incentives for commercial renewable energy development. This book reports on a Bank workshop that examined international experience with financial incentives for grid-connected wind power systems and off-grid photovoltaic systems in the United Kingdom, Germany, the Netherlands, Denmark, the United States (California), India, and China. The collective experiences of the countries were further examined to indicate other directions for developing financial incentives for market-based renewable energy development, as well as the underlying reasons for these tendencies.

Book State Clean Energy Policies Analysis  SCEPA

Download or read book State Clean Energy Policies Analysis SCEPA written by Eric Lantz and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a policy tool, state tax incentives can be structured to help states meet clean energy goals. Policymakers often use state tax incentives in concert with state and federal policies to support renewable energy deployment or reduce market barriers. This analysis used case studies of four states to assess the contributions of state tax incentives to the development of renewable energy markets. State tax incentives that are appropriately paired with complementary state and federal policies generally provide viable mechanisms to support renewable energy deployment. However, challenges to successful implementation of state tax incentives include serving project owners with limited state tax liability, assessing appropriate incentive levels, and differentiating levels of incentives for technologies with different costs. Additionally, state tax incentives may result in moderately higher federal tax burdens. These challenges notwithstanding, state tax incentives that consider certain policy design characteristics can support renewable energy markets and state clean energy goals.The scale of their impact though is directly related to the degree to which they support the renewable energy markets for targeted sectors and technologies. This report highlights important policy design considerations for policymakers using state tax incentives to meet clean energy goals.

Book The Design and Sustainability of Renewable Energy Incentives

Download or read book The Design and Sustainability of Renewable Energy Incentives written by Peter Meier and published by World Bank Publications. This book was released on 2014-10-29 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides economic models of the sustainability and affordability of renewable energy support schemes alongside operational advice on how the regulatory design may need to be modified to minimize the impact on the budget and be affordable to the poor, as well as how to identify and fill the financing gap.

Book Effectiveness of State Financial Incentives and Regulations in Promoting Solar Energy Technologies

Download or read book Effectiveness of State Financial Incentives and Regulations in Promoting Solar Energy Technologies written by Oxana Yurievna Petritchenko and published by . This book was released on 2012 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis evaluates whether state-level solar energy incentives and regulations promote the market growth of small-scale photovoltaic (PV) technologies in commercial and residential sectors. The results of this analysis are important for effective design and implementation of policies intended to achieve the increased deployment of small-scale solar energy technologies. A fixed effects model is used to assess effectiveness of solar policies while controlling for unobservable time-invariant factors that affect the deployment of PV system installations unique to each state. In particular, the capacity of PV technologies installed per 100,000 people during a period of 2000 through 2010 across twenty-four states and the District of Columbia was regressed against a variety of state policies directed at promoting PV technologies. Specifically, feed-in tariffs, rebates, solar and distributed generation (DG) carve-outs in states' renewable portfolio standards, solar renewable energy credits (SREC), net metering as well as sales, residential, commercial and personal tax exemptions were evaluated. The results of this analysis support claims that feed-in tariffs are significantly more effective than any other policy in promoting the deployment of solar energy technologies. Establishment of a SREC market and solar or DG carve-outs are also found to be effective in promoting the growth of PV installations. Although rebates are found to be ineffective during the first year of their implementation, observing the policies' effect several years later reveals that they become significant with time. However, net metering and tax incentives are found to be ineffective in promoting deployment of PV technologies regardless of taking into account the effect of the time lag of policy implementation.

Book The Power of Renewables

    Book Details:
  • Author : Chinese Academy of Engineering
  • Publisher : National Academies Press
  • Release : 2011-01-29
  • ISBN : 0309160006
  • Pages : 256 pages

Download or read book The Power of Renewables written by Chinese Academy of Engineering and published by National Academies Press. This book was released on 2011-01-29 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States and China are the world's top two energy consumers and, as of 2010, the two largest economies. Consequently, they have a decisive role to play in the world's clean energy future. Both countries are also motivated by related goals, namely diversified energy portfolios, job creation, energy security, and pollution reduction, making renewable energy development an important strategy with wide-ranging implications. Given the size of their energy markets, any substantial progress the two countries make in advancing use of renewable energy will provide global benefits, in terms of enhanced technological understanding, reduced costs through expanded deployment, and reduced greenhouse gas (GHG) emissions relative to conventional generation from fossil fuels. Within this context, the U.S. National Academies, in collaboration with the Chinese Academy of Sciences (CAS) and Chinese Academy of Engineering (CAE), reviewed renewable energy development and deployment in the two countries, to highlight prospects for collaboration across the research to deployment chain and to suggest strategies which would promote more rapid and economical attainment of renewable energy goals. Main findings and concerning renewable resource assessments, technology development, environmental impacts, market infrastructure, among others, are presented. Specific recommendations have been limited to those judged to be most likely to accelerate the pace of deployment, increase cost-competitiveness, or shape the future market for renewable energy. The recommendations presented here are also pragmatic and achievable.

Book Financial Analysis of Incentive Mechanisms to Promote Energy Efficiency

Download or read book Financial Analysis of Incentive Mechanisms to Promote Energy Efficiency written by and published by . This book was released on 2009 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many state regulatory commissions and policymakers want utilities to aggressively pursue energy efficiency as a strategy to mitigate demand and energy growth, diversify the resource mix, and provide an alternative to building new, costly generation. However, as the National Action Plan for Energy Efficiency (NAPEE 2007) points out, many utilities continue to shy away from aggressively expanding their energy efficiency efforts when their shareholder's fundamental financial interests are placed at risk by doing so. Thus, there is increased interest in developing effective ratemaking and policy approaches that address utility disincentives to pursue energy efficiency or lack of incentives for more aggressive energy efficiency efforts. New regulatory initiatives to promote increased utility energy efficiency efforts also affect the interests of consumers. Ratepayers and their advocates are concerned with issues of fairness, impacts on rates, and total consumer costs. From the perspective of energy efficiency advocates, the quid pro quo for utility shareholder incentives is the obligation to acquire all, or nearly all, achievable cost-effective energy efficiency. A key issue for state regulators and policymakers is how to maximize the cost-effective energy efficiency savings attained while achieving an equitable sharing of benefits, costs and risks among the various stakeholders. In this study, we modeled a prototypical vertically-integrated electric investor-owned utility in the southwestern US that is considering implementing several energy efficiency portfolios. We analyze the impact of these energy efficiency portfolios on utility shareholders and ratepayers as well as the incremental effect on each party when lost fixed cost recovery and/or utility shareholder incentive mechanisms are implemented. A primary goal of our quantitative modeling is to provide regulators and policymakers with an analytic framework and tools that assess the financial impacts of alternative incentive approaches on utility shareholders and customers if energy efficiency is implemented under various utility operating, cost, and supply conditions. We used and adapted a spreadsheet-based financial model (the Benefits Calculator) which was developed originally as a tool to support the National Action Plan for Energy Efficiency (NAPEE). The major steps in our analysis are displayed graphically in Figure ES- 1. Two main inputs are required: (1) characterization of the utility which includes its initial financial and physical market position, a forecast of the utility?s future sales, peak demand, and resource strategy to meet projected growth; and (2) characterization of the Demand-Side Resource (DSR) portfolio? projected electricity and demand savings, costs and economic lifetime of a portfolio of energy efficiency (and/or demand response) programs that the utility is planning or considering implementing during the analysis period. The Benefits Calculator also estimates total resource costs and benefits of the DSR portfolio using a forecast of avoided capacity and energy costs. The Benefits Calculator then uses inputs provided in the Utility Characterization to produce a?business-as usual? base case as well as alternative scenarios that include energy efficiency resources, including the corresponding utility financial budgets required in each case. If a decoupling and/or a shareholder incentive mechanism are instituted, the Benefits Calculator model readjusts the utility?s revenue requirement and retail rates accordingly. Finally, for each scenario, the Benefits Calculator produces several metrics that provides insights on how energy efficiency resources, decoupling and/or a shareholder incentive mechanism impacts utility shareholders (e.g. overall earnings, return on equity), ratepayers (e.g., average customer bills and rates) and society (e.g. net resource benefits).

Book Summary of State Financial Incentives for Renewable Energy

Download or read book Summary of State Financial Incentives for Renewable Energy written by National Conference of State Legislatures and published by . This book was released on 1982 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Renewable Energy Rebound Effect   Estimating the Impact of State Renewable Energy Financial Incentives on Residential Electricity Consumption

Download or read book Renewable Energy Rebound Effect Estimating the Impact of State Renewable Energy Financial Incentives on Residential Electricity Consumption written by Beth A. Stephenson and published by . This book was released on 2015 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is a well-documented phenomenon. If left unchecked greenhouse gas emissions will continue global surface warming, likely leading to severe and irreversible impacts. Generating renewable energy has become an increasingly salient topic in energy policy as it may mitigate the impact of climate change. State renewable energy financial incentives have been in place since the mid-1970s in some states and over 40 states have adopted one or more incentives at some point since then. Using multivariate linear and fixed effects regression for the years 2002 through 2012, I estimate the relationship between state renewable energy financial incentives and residential electricity consumption, along with the associated policy implications. My hypothesis is that a renewable energy rebound effect is present; therefore, states with renewable energy financial incentives have a higher rate of residential electricity consumption. I find a renewable energy rebound effect is present in varying degrees for each model, but the results do not definitively indicate how particular incentives influence consumer behavior. States should use caution when adopting and keeping renewable energy financial incentives as this may increase consumption in the short-term. The long-term impact is unclear, making it worthwhile for policymakers to continue studying the potential for renewable energy financial incentives to alter consumer behavior.

Book National Summary Report on State Financial Incentives for Renewable Energy

Download or read book National Summary Report on State Financial Incentives for Renewable Energy written by Chris Larsen and published by . This book was released on 1997-07-01 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: The North Carolina Solar Center & the Interstate Renewable Energy Council (IREC) announce the publication of THE NATIONAL SUMMARY REPORT ON STATE FINANCIAL INCENTIVES FOR RENEWABLE ENERGY. This 140 page report provides the most current information on state & federal financial incentives that target renewable energy & will be an invaluable resource for policy makers, renewable energy organizations, & business assessing potential markets for renewable products. With help from state energy offices & other organizations from around the country, summary information has been compiled on 119 programs including: * Industrial recruitment programs, * Grant & loan programs, * Corporate tax incentives, * Personal income tax incentives, & * Sales & property tax exemptions. Summaries contain financial information, lists of eligible technologies & sectors, program background, & contact information. Case studies highlight some of the most effective programs, & maps provide a graphical depiction of available incentives. DSIRE has also published THE NATIONAL SUMMARY REPORT ON STATE REGULATORY INCENTIVES FOR RENEWABLE ENERGY, which summarizes current regulatory incentives including net metering, green pricing, disclosure & certification, contractor licensing, portfolio standards, set asides, state renewable construction projects, solar access laws, & demand side management programs.

Book Power for Change

    Book Details:
  • Author : Greenpeace
  • Publisher :
  • Release : 1997
  • ISBN :
  • Pages : pages

Download or read book Power for Change written by Greenpeace and published by . This book was released on 1997 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Planning and Socioeconomic Applications

Download or read book Planning and Socioeconomic Applications written by Jay D. Gatrell and published by Springer Science & Business Media. This book was released on 2009-02-03 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter has shown a small sample of GIS applications in economic devel- ment. GIS is a powerful tool for data analysis and presentation, and the economic development rami cations are truly signi cant. The speed at which data and stra- gies can be coordinated is clearly changing the way economic developers approach their job. There are a number of important trends that are likely to result in GIS becoming more pervasive in the economic development community. These include declining costs of GIS software, increased computing power, and the growth of Web-based GIS applications. There also has been increase in GIS skills among economic development professionals. References Bastian, L. (2002). Getting the best from the web. Area Development Site and Facility Planning, March 1–7. Accessed 5 September 2008. Batheldt, H. (2005). Geographies of production: growth regimes in spatial perspective (II) – kno- edge creation and growth in clusters. Progress in Human Geography, 29(2), 204–216. Bathelt,H.,Malmberg,A.,Maskell,P.(2004). Clustersandknowledge: localbuzz,globalpipelines and the process of knowledge creation. Progress in Human Geography, 28(1), 31–56. Bernthal, M., Regan, T. (2004). The economic impact of a NASCAR racetrack on a rural com- nity and region. Sports Marketing Quarterly, 13(1), 26–34. Blackwell, M., Cobb, S. Weinbert, D. (2002). The economic impact of educational institutions: Issues and methodology. Economic Development Quarterly, 16(1), 88–95. Blair, J. (1995). Local Economic Development, Analysis and Practice. Thousand Oaks, CA: Sage Publications.

Book Financial Impact of Energy Efficiency Under a Federal Renewable Electricity Standard

Download or read book Financial Impact of Energy Efficiency Under a Federal Renewable Electricity Standard written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Local, state and federal policies that jointly promote the generation of electricity from renewable technologies and the pursuit of energy efficiency are expected to help mitigate the detrimental effects of global climate change and foster energy independence. We examine the financial impacts on various stakeholders from alternative compliance strategies with a Combined Efficiency and Renewable Electricity Standard (CERES) using a case study approach for utilities in Kansas. If only supply-side options are considered, our analysis suggests that a Kansas"super-utility" would prefer to build its own renewable energy resources, while ratepayers would favor a procurement strategy that relies on long-term renewable power purchase agreements. Introducing energy efficiency under varying levels as a CERES resource will, under our analysis, reduce ratepayer bills by ~;;$400M to ~;;$1.0B between 2009 and 2028, but commensurately erode shareholder returns by ~;;10 to ~;;100 basis points. If a business model for energy efficiency inclusive of both a lost fixed cost recovery mechanism and a shareholder incentive mechanism is implemented, our results illustrate how shareholder returns can be improved through the pursuit of energy efficiency, by at most ~;;20 basis points if certain conditions apply, while ratepayers continue to save between $10M and ~;;$840M over 20 years.

Book Clean Energy Funds

    Book Details:
  • Author :
  • Publisher :
  • Release : 2001
  • ISBN :
  • Pages : 121 pages

Download or read book Clean Energy Funds written by and published by . This book was released on 2001 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: Across the United States, as competition in the supply and delivery of electricity has been introduced, states have sought to ensure the continuation of ''public benefits'' programs traditionally administered or funded by electric utilities. Many states have built into their restructuring plans methods of supporting renewable energy sources. One of the most popular policy mechanisms for ensuring such continued support has been the system-benefits charge (SBC), a non-bypassable charge to electricity customers (usually applied on a cents/kWh basis) used to collect funds for public purpose programs. Thus far, at least fourteen states have established SBC funds targeted in part towards renewable energy. This paper discusses the status and performance of these state renewable or ''clean'' energy funds supported by system-benefits charges. As illustrated later, existing state renewable energy funds are expected to collect roughly $3.5 billion through 2012 for renewable energy. Clearly, these funds have the potential to provide significant support for clean energy technologies over at least the next decade. Because the level of funding for renewable energy available under these programs is unprecedented and because fund administrators are developing innovative and new programs to fund renewable projects, a certain number of program failures are unavoidable. Also evident is that states are taking very different approaches to the distribution of these funds and that many lessons are being learned as programs are designed, implemented, and evaluated. Our purpose in this paper is therefore to relay early experience with these funds and provide preliminary lessons learned from that experience. It is our hope that this analysis will facilitate learning across states and help state fund managers develop more effective and more coordinated programs. Central to this paper are case studies that provide information on the SBC-funded renewable energy programs and experiences of 14 states. These case studies are attached as Appendix A. The body of the paper both summarizes and draws lessons from these more detailed state case studies. Section II provides a broad overview of the current status of state SBC funds, including funding level and duration, technology eligibility, and program administration. Section III offers an overview of funding activity and highlights the various renewable energy programs states have established thus far. Section IV provides a summary of results to date. Section V turns to salient observations and preliminary lessons learned from this early experience. Administrative, programmatic, and strategic observations and lessons are emphasized. The paper ends with some brief concluding remarks.

Book Innovation  Renewable Energy  and State Investment

Download or read book Innovation Renewable Energy and State Investment written by Ryan H. Wiser and published by . This book was released on 2002 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: