Towards Renewable Electricity in Europe: An Empirical Analysis of the Determinants of Renewable Electricity Development in the European Union

DC FieldValueLanguage
dc.contributor.authorMac Domhnaill, Ciarán-
dc.contributor.authorRyan, L. (Lisa B.)-
dc.date.accessioned2019-03-06T14:30:42Z-
dc.date.available2019-03-06T14:30:42Z-
dc.date.copyright2018 the Authorsen_US
dc.date.issued2018-12-
dc.identifier.other201823-
dc.identifier.urihttp://hdl.handle.net/10197/9630-
dc.description.abstractThe twenty-first century must see a decarbonisation of electricity production to mitigate the flow of greenhouse gas emissions into the atmosphere. This paper presents an econometric analysis of the factors that motivate the use of renewable energy in electricity production using panel data from EU Member States during the period 2000-2015. The research extends the literature in this area in several ways. Firstly, the econometric analysis is focused on the electricity sector rather than on the overall primary energy supply, which also includes the diverse heating and transport sectors. In addition, an alternative public policy variable is proposed using the tax and levy component of electricity bills. Furthermore, an alternative econometric approach is employed using a hybrid mixed effects estimator. The results of this analysis are found to be broadly as expected, with mixed fossil fuel price effects; electricity grid interconnection and higher levels of greenhouse gas emissions both motivate the development of renewable electricity. Policy implications are that policy support for fossil fuels should be ceased; electricity grid interconnections should be developed between countries; and furthermore, levies on retail electricity prices to fund RE support schemes are effective at promoting renewable electricity.en_US
dc.language.isoenen_US
dc.publisherUniversity College Dublin. School of Economicsen_US
dc.relation.ispartofseriesUCD Centre for Economic Research Working Paper Seriesen_US
dc.relation.ispartofseriesWP2018/23en_US
dc.subjectRenewable electricity policyen_US
dc.subjectEnergy economicsen_US
dc.subjectClimate policyen_US
dc.subjectHybrid mixed effects econometric modelen_US
dc.subject.classificationQ21en_US
dc.subject.classificationQ4en_US
dc.subject.classificationQ41en_US
dc.subject.classificationQ42en_US
dc.subject.classificationQ58en_US
dc.titleTowards Renewable Electricity in Europe: An Empirical Analysis of the Determinants of Renewable Electricity Development in the European Unionen_US
dc.typeWorking Paperen_US
dc.statusNot peer revieweden_US
dc.identifier.startpage1en_US
dc.identifier.endpage34en_US
dc.neeo.contributorMac Domhnaill|Ciarán|aut|-
dc.neeo.contributorRyan|L. (Lisa B.)|aut|-
item.fulltextWith Fulltext-
item.grantfulltextopen-
Appears in Collections:Economics Working Papers & Policy Papers
Files in This Item:
File Description SizeFormat 
WP18_23.pdf673.08 kBAdobe PDFDownload
Show simple item record

Google ScholarTM

Check


This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.