Consumers’ heterogeneous preferences toward the renewable portfolio standard policy: An evaluation of Korea’s energy transition policy

2020 ◽  
pp. 0958305X2094946
Author(s):  
Jihee Lee ◽  
HyungBin Moon ◽  
Jongsu Lee
Keyword(s):  
Renewable Energy ◽  
Public Awareness ◽  
Energy Transition ◽  
Developed Countries ◽  
Public Acceptance ◽  
Renewable Portfolio Standard ◽  
Heterogeneous Preferences ◽  
The Government ◽  
Electricity Tariff ◽  
Energy Expansion

The low electricity tariff in Korea compared with other developed countries renders renewable energy expansion more challenging as its costs are higher than those of traditional power generation such as thermal and nuclear power. An increase in the electricity tariff is required to help the expansion of renewable energy and accelerate the energy transition. It is therefore necessary to understand public acceptance of the renewable portfolio standard (RPS) policies implemented by the Korean government to expand renewable energy. This study analyzes public’s heterogeneous preferences of renewable energy policies and identifies the determinants of people’s divided reactions to the policy. This study also forecasts the change in the degree of public acceptance of renewable energy expansion until 2030 and provides suggestions for the enhancement of public awareness and acceptance of the RPS plan. The simulation analysis shows that a sharp decline in the public’s acceptance rate is to be expected when the renewable energy expansion target becomes more challenging in 2025. The drastic change in acceptance is attributed to the electricity tariff spike. We conclude that the government should prepare to address the severe backlash from the public against the increase in electricity tariff to have a successful renewable energy policy.

scholarly journals Power Market Equilibrium under the Joint FIP-RPS Renewable Energy Incentive Mechanism in China

2019 ◽  
Vol 11 (18) ◽  
pp. 4964
Author(s):  
Cai ◽  
Chen ◽  
Dong ◽  
Li ◽  
Lin ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Incentive Mechanism ◽  
Financial Burden ◽  
Research Work ◽  
Energy Transition ◽  
Transitional Period ◽  
Chinese Government ◽  
Renewable Portfolio Standard ◽  
Renewable Energy Consumption ◽  
The Government

In order to support the development of renewable energy, countries around the world have adopted certain renewable energy incentive mechanisms, including feed-in tariff (FIT) and renewable portfolio standard (RPS). Based on the official report concerning renewable energy consumption issued by the Chinese government in 2018, FIT is no longer an ideal renewable incentive mechanism for China. The increasing financial burden of renewable subsidies on the government has prompted a transition from FIT to a more market-based RPS mechanism. However, the abrupt transformation from FIT to RPS without any transitions might potentially cause problems, including a lack of incentives for market participants and a high market risk. Feed-in premium (FIP), which is a transformation based on FIT, can increase the flexibility of the mechanism and play an important role in the transitional period. However, to date, there has only been limited research work that has explored the effect of implementing FIP-RPS in the development of renewable energy in China. It is still not clear how this transition could be carried out smoothly. Therefore, this research was aimed to devise a joint FIP-RPS mechanism and further develop the optimal combination ratio of the two, so as to obtain a socially optimal mechanism design. The simulation results showed that, at different stages of renewable energy development, FIP and RPS should be implemented according to their distinct characteristics, and the joint FIP-RPS mechanism should be combined with different ratios. It could be indicated that the proposed joint FIP-RPS mechanism not only excels at promoting renewable energy, but is also capable of maintaining desirable market prices and social welfare in this transitional period, as compared to FIP and RPS implemented alone. In the future, a certain degree of FIP-RPS implementations to this type of energy transition would be one of the preferred methods that could be implemented to have a considerable influence on China’s national energy plan. This is because the combination of the two mechanisms not only reduces the financial burden of the government, but also plays an active role in the renewable energy market.

scholarly journals Renewable Energy Federalism in Germany and the United States

2020 ◽  
pp. 1-28
Author(s):  
Johannes Saurer ◽  
Jonas Monast
Keyword(s):  
United States ◽  
Renewable Energy ◽  
Federal Government ◽  
Energy Transition ◽  
The United States ◽  
Federal Republic Of Germany ◽  
The Us ◽  
Legal Structures ◽  
Cooperative Federalism ◽  
Energy Expansion

Abstract The Federal Republic of Germany and the United States (US) have adopted different models for energy federalism. Germany allocates more authority to the federal government and the US relies on a decentralized cooperative federalism model that preserves key roles for state actors. This article explores and compares the relevance of federal legal structures for renewable energy expansion in both countries. It sets out the constitutional, statutory, and factual foundations in both Germany and the US, and explores the legal and empirical dimensions of renewable energy expansion at the federal and state levels. The article concludes by drawing several comparative lessons about the significance of federal structures for energy transition processes.

scholarly journals Public awareness and their attitudes toward adopting renewable energy technologies in Afghanistan

2021 ◽  
Vol 4 (2) ◽  
pp. 82-91
Author(s):  
Mohammad Hamed Patmal ◽  
Habiburrahman Shiran
Keyword(s):  
Renewable Energy ◽  
Public Awareness ◽  
Public Attitudes ◽  
Electrical Energy ◽  
Public Understanding ◽  
Government Policies ◽  
The Public ◽  
Renewable Energy Technologies ◽  
Energy Technologies ◽  
The Government

This research investigates the factors that potentially affect public attitudes and their adoption of renewable energy technologies for electrical energy production in Afghanistan. The study is carried out with a survey from Kabul and its neighboring provinces including Logar, Maidan Wardak, Nangarhar, Ghazni, Parwan & Kapisa provinces. We used a random sampling process to collect data using a web-based questionnaire. The survey was well designed to highlight conveniently the public understanding, willingness, and attitudes toward adopting renewable energy technologies (RETs). The outcome of the survey is then evaluated to discover the most potential factor affecting public acceptance of RETs. The results declared that the educational level, expertise in RETs, and income of respondents are positively related, while the age of respondents is negatively related to the public willingness on the use and investment in RETs. The majority of respondents have used one type of RETs, however, 23 % of respondents have not used any type of RETs. Study shows that the RETs use and access to grid electricity are reversely related, where the access is lower, the RETs use is higher and vice versa. Most of the respondents were not well informed and most disagreed with the government policies on RETs, therefore, public awareness programs on RETs and government policies are recommended. The majority of respondents were willing to invest in RETs, therefore, the government should commit itself and support private sectors to invest in RETs and take part in its development.

scholarly journals Does Globalization Moderate the Effect of Economic Complexity on CO2 Emissions? Evidence From the Top 10 Energy Transition Economies

2021 ◽  
Vol 9 ◽  
Author(s):  
Kai He ◽  
Muhammad Ramzan ◽  
Abraham Ayobamiji Awosusi ◽  
Zahoor Ahmed ◽  
Mahmood Ahmad ◽  
...  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Transition Economies ◽  
Carbon Emissions ◽  
Environmental Sustainability ◽  
Energy Transition ◽  
Cross Sectional ◽  
Economic Complexity ◽  
Long Run ◽  
The Government

The association between economic complexity (sophisticated economic structure) and carbon emissions has major implications for environmental sustainability. In addition, globalization can be an important tool for attaining environmental sustainability and it may also moderate the association between economic complexity and carbon emissions. Thus, this research examines the effects of economic complexity, economic growth, renewable energy, and globalization on CO2 emissions in the top 10 energy transition economies where renewable energy and globalization have greatly increased over the last 3 decades. Furthermore, this study also evaluates the joint effect of globalization and economic complexity on carbon emissions. Keeping in view the presence of slope heterogeneity and cross-sectional dependence in the data, this research utilized second-generation unit root tests (CIPS and CADF), Westerlund cointegration approach, and CS-ARDL and CCEMG long-run estimators over the period of 1990–2018. The results affirmed the presence of cointegration among the considered variable. Long-run findings revealed that globalization, renewable energy, and economic complexity decrease carbon emissions. Conversely, economic growth increases carbon emissions. Moreover, the joint impact of economic complexity and globalization stimulates environmental sustainability. Based on these findings, the government of these groups of economies should continue to expand the usage of renewable energy. They should also promote interaction with the rest of the world by adopting the policy of opening up.

scholarly journals Renewable Energy for Sustainable Growth and Development: An Evaluation of Law and Policy of Bangladesh

2019 ◽  
Vol 11 (20) ◽  
pp. 5774 ◽  
Author(s):  
Karim ◽  
Karim ◽  
Islam ◽  
Muhammad-Sukki ◽  
Bani ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Demand ◽  
Public Awareness ◽  
Renewable Energy Sources ◽  
National Development ◽  
Sustainable Growth ◽  
Initial Attempt ◽  
Policy Initiatives ◽  
Secondary Sources ◽  
The Government

Bangladesh’s constant growth with an annual 6% plus Gross Domestic Product (GDP) for more than the last two decades and achievements in other socio-economic metrics in recent times is impressive and recognized by various global authoritative bodies. The extent of overwhelming economic ventures in the private sector coupled with the commitments of the government clearly demonstrates the transformation of the country from a primarily agro-based economy to one influenced by the manufacturing and service sectors. Bangladesh is fortunate to have fossil fuel reserves on a limited scale, though these are not enough to run the ongoing massive scale development activities, both in private and public sectors. Thus, the constant and uninterrupted supply of energy at an affordable price remains a serious concern for the successive governments. Therefore, this issue of supply of constant energy has turned to be an important part in the national development agenda. Besides, the country is one of the worst victim nations of the devastating effects of global warming and climate change. As Bangladesh is geographically located in a favorable place in the world map with the availability of plenty of renewable energy sources (RES), the policymakers started to take initiatives leading to exploiting these sources to meet the energy demand of the country. There are both prospects and administrative, legal, technological, socio-cultural and environmental challenges. To address these challenges, it requires comprehensive policy initiatives. A good number of technical and scientific research containing findings and recommendations are available. This paper, which is based on adopting a qualitative research methodology where the contents of secondary sources were analyzed, is an initial attempt to highlight the renewable energy developments in Bangladesh, and subsequently, to evaluate the relevant legal and policy initiatives in the light of international best practices. We advance several recommendations that the stakeholders can consider exploiting RES effectively to attain inclusive, equitable and sustainable development in Bangladesh. These include, inter alia: (1) Enhancing government participation to lead the development of renewable energy (RE); (2) ensuring localization of RE technology; (3) reducing the expenses of energy generation through RES and providing assistance in initial investments; (4) introducing comprehensive legal and regulatory policy for the development of RE industry in Bangladesh; and (5) conducting effective public awareness.

scholarly journals The Power to Change: A Brief Survey of The Wind Power’s Technological and Societal Potential, Barriers to Use, and Ways Forward

2019 ◽  
Vol 1 (1) ◽  
pp. p11
Author(s):  
Helen Kopnina
Keyword(s):  
Renewable Energy ◽  
Wind Energy ◽  
Wind Power ◽  
Energy Supply ◽  
Fossil Fuels ◽  
Energy Transition ◽  
Low Carbon ◽  
Close Relationship ◽  
The Government ◽  
Carbon Dependency

With the effects of climate change linked to the use of fossil fuels, as well as the prospect of their eventual depletion, becoming more noticeable, political establishment and society appear ready to switch towards using renewable energy. Solar power and wind power are considered to be the most significant source of global low-carbon energy supply. Wind energy continues to expand as it becomes cheaper and more technologically advanced. Yet, despite these expectations and developments, fossil fuels still comprise nine-tenths of the global commercial energy supply. In this article, the history, technology, and politics involved in the production and barriers to acceptance of wind energy will be explored. The central question is why, despite the problems associated with the use of fossil fuels, carbon dependency has not yet given way to the more ecologically benign forms of energy. Having briefly surveyed some literature on the role of political and corporate stakeholders, as well as theories relating to sociological and psychological factors responsible for the grassroots’ resistance (“not in my backyard” or NIMBYs) to renewable energy, the findings indicate that motivation for opposition to wind power varies. While the grassroots resistance is often fueled by the mistrust of the government, the governments’ reason for resisting renewable energy can be explained by their history of a close relationship with the industrial partners. This article develops an argument that understanding of various motivations for resistance at different stakeholder levels opens up space for better strategies for a successful energy transition.

scholarly journals Renewable Energy Transition Strategy for PT.CI to Reduce 50% Emission by 2030

2022 ◽  
Vol 05 (01) ◽  
Author(s):  
Enrico Yushardi Hamdani ◽  
Keyword(s):  
Renewable Energy ◽  
Energy Transition ◽  
Third Party ◽  
Investment Climate ◽  
Internal Factors ◽  
Transition Strategy ◽  
Industrial Estate ◽  
The Government ◽  
Energy Options ◽  
Power And Energy

The global and Indonesia energy trend is heading to process of transitioning from fossil fuel to renewable energy (decarbonization) in the purpose of reducing Green House Gas (GHG) effects. Industries as one of the biggest contributors of emission generator expected to participate in this effort, where fuel and electricity play significant roles in running the operation. Many businesses try to participate and state their commitment on this energy transition initiative by increasing the portion of renewable energy within their operation. Meanwhile, business have several uncertainties’ on how the renewable energy will be acquired and will this renewable energy options be available at the time they need it. Campur Plc. (CP) through its subsidiary in Indonesia, PT. Campur Ilmiah (PT. CI) has targeted the entity to reduce 50% of the emission by 2030 with the baseline of 2018, which align with corporate target of 46.2% of emission reduction globally. Uncertainties on achieving this target generated from external and internal factors, and not to forget how to sustainably maintain the achievement. The location of PT.CI in industrial estate need to be considered as limitation because the power and energy supply are regulated. The accessibility, availability and affordability of renewable energy are expected to be handled by the government, industrial estate or other third party in energy business, but the phasing and the achievement up to now has not shown a promising progress. As a business, PT.CI need to have a strategic planning on this energy transition to support the global target as well as shown a positive investment climate in Indonesia. There are four (4) scenarios has been developed and each of the scenarios are explored to identify alternative and possible strategies to still be able achieving the target and how the organization manage these changes. As the conclusion of this research, four (4) strategic imperatives are defined. This research also might be use as the reference of future planning for the similar industries that have the similar target and type of energy mix.

scholarly journals Rural Public Acceptance of Wind and Solar Energy: A Case Study from Mersing, Malaysia

Energies ◽  
2020 ◽  
Vol 13 (15) ◽  
pp. 3855
Author(s):  
Muhammad Aslam Mohd Safari ◽  
Nurulkamal Masseran ◽  
Alias Jedi ◽  
Sohif Mat ◽  
Kamaruzzaman Sopian ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Solar Energy ◽  
Rural Areas ◽  
Public Acceptance ◽  
Research Centre ◽  
Generation System ◽  
Rural Residents ◽  
The Public ◽  
Before And After ◽  
The Government

The sustainable development of the energy sector through the implementation of renewable energy (RE) technology has been a primary concern for the government of Malaysia since the 1990s. Developing RE technology in rural areas is also one of the most important energy strategies. One of the most important requirements for the successful adoption of renewable energy technology is the public acceptance of this technology. This article examines the public acceptance of RE (wind and solar) technologies among rural residents in Mersing, Malaysia. This study is conducted in conjunction with the development of the hybrid wind–solar RE generation system for the Marine Ecosystem Research Centre (EKOMAR), which located in Mersing. To investigate the public acceptance of RE technologies, two surveys were conducted, before and after the installation of the hybrid wind–solar RE generation system. The findings revealed that RE innovations, such as wind and solar energy, were well known among 54.7% and 96.2% of the respondents, respectively, before and after the introduction of EKOMAR. The survey results showed that rural residents generally support RE technologies and EKOMAR RE projects. They were also in line that the use of RE should also be extended to other parts of Mersing, including wind and solar. These findings illustrate that EKOMAR has played a crucial role in educating local residents about RE, wind and solar energy in particular. Residents believe the government plays an important role, particularly in rural areas, in encouraging and enhancing RE technologies.

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