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Assessing ‘Green Energy Economy’ stimulus packages: Evidence from the U.S. programs targeting renewable energy

Mundaca, Luis LU and Richter, Jessika Luth LU (2015) In Renewable & Sustainable Energy Reviews 42. p.1174-1186
Abstract
The paper provides a comprehensive empirical assessment of American stimulus policies aimed at renewable energy (RE) technologies. We use an indicator-based methodology to assess progress with respect to energy, environmental and socio-economic issues resulting from RE stimulus programs linked to the American Recovery and Reinvestment Act, and review and analyze the emerging but scattered literature. Overall, our results indicate that stimulus programs have had a positive effect on the RE sector. This is despite the fact that they were originally planned to work in combination with a greenhouse gas ‘cap-and-trade’ system, which has not been implemented. From the methodological perspective, our approach is resource-intensive and our... (More)
The paper provides a comprehensive empirical assessment of American stimulus policies aimed at renewable energy (RE) technologies. We use an indicator-based methodology to assess progress with respect to energy, environmental and socio-economic issues resulting from RE stimulus programs linked to the American Recovery and Reinvestment Act, and review and analyze the emerging but scattered literature. Overall, our results indicate that stimulus programs have had a positive effect on the RE sector. This is despite the fact that they were originally planned to work in combination with a greenhouse gas ‘cap-and-trade’ system, which has not been implemented. From the methodological perspective, our approach is resource-intensive and our analysis highlights numerous challenges, notably related to causality and additionality. Despite these limitations, this research improves our understanding of the broad effects and impacts of RE stimulus programs. (Less)
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Renewable energy, Green Energy Economy, Policy evaluation, Indicators, Stimulus policy programs, The United States of America (USA)
categories
Higher Education
in
Renewable & Sustainable Energy Reviews
volume
42
pages
1174 - 1186
publisher
Elsevier
external identifiers
  • wos:000348084800089
  • scopus:84911091887
ISSN
1364-0321
DOI
10.1016/j.rser.2014.10.060
language
English
LU publication?
yes
id
853440bd-597a-4d6b-9c79-9e917b99d6c2 (old id 5141730)
date added to LUP
2015-02-27 08:40:12
date last changed
2017-09-17 03:26:23
@article{853440bd-597a-4d6b-9c79-9e917b99d6c2,
  abstract     = {The paper provides a comprehensive empirical assessment of American stimulus policies aimed at renewable energy (RE) technologies. We use an indicator-based methodology to assess progress with respect to energy, environmental and socio-economic issues resulting from RE stimulus programs linked to the American Recovery and Reinvestment Act, and review and analyze the emerging but scattered literature. Overall, our results indicate that stimulus programs have had a positive effect on the RE sector. This is despite the fact that they were originally planned to work in combination with a greenhouse gas ‘cap-and-trade’ system, which has not been implemented. From the methodological perspective, our approach is resource-intensive and our analysis highlights numerous challenges, notably related to causality and additionality. Despite these limitations, this research improves our understanding of the broad effects and impacts of RE stimulus programs.},
  author       = {Mundaca, Luis and Richter, Jessika Luth},
  issn         = {1364-0321},
  keyword      = {Renewable energy,Green Energy Economy,Policy evaluation,Indicators,Stimulus policy programs,The United States of America (USA)},
  language     = {eng},
  pages        = {1174--1186},
  publisher    = {Elsevier},
  series       = {Renewable & Sustainable Energy Reviews},
  title        = {Assessing ‘Green Energy Economy’ stimulus packages: Evidence from the U.S. programs targeting renewable energy},
  url          = {http://dx.doi.org/10.1016/j.rser.2014.10.060},
  volume       = {42},
  year         = {2015},
}