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An analysis of the effect of regulation and business environment on installed power capacity of renewable sources of energy in the EU-15

机译：分析法规和商业环境对欧盟15国可再生能源装机容量的影响

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The implementation of measures to promote renewable energy sources (RES) has shown to have a significant impact in reducing CO2 emissions and, at the same time, promotes technology substitution and changes in the energy production and consumption mix. In this paper, we look at RES regulation measures together with variables capturing economic freedom, business and investment freedom, difficulty of starting a business and cost of contract enforcement and look at assessing the effects of these on the development of new installations of RES. Our analysis shows that not only RES regulation is significant in promoting increased RES capacity but it does so in the presence of the correct signs of these other market variables: higher economic and investment freedom, less complicated procedures for starting up a business and lower cost of contract enforcement, all have a positive effect in installed RES capacity. Our results have significant policy implications as they point out that RES regulation and market initiatives go in tandem in promoting higher use of RES in energy production. These are separate channels with which policy makers can work to affect many positive spillovers that extend from higher investment activity, to energy innovation and lower emissions.
机译：实施促进可再生能源（RES）的措施已显示出对减少CO2排放有重大影响，同时，还促进了技术替代以及能源生产和消费结构的变化。在本文中，我们将研究RES监管措施，以及捕获经济自由，商业和投资自由，开业困难和合同执行成本的变量，并评估这些措施对RES新装置开发的影响。我们的分析表明，RES监管不仅在促进RES容量提高方面起着重要作用，而且在以下其他市场变量的正确迹象下也具有显着意义：更高的经济和投资自由度，更简单的开业程序以及更低的交易成本合同执行，对安装的RES容量都有积极影响。我们的研究结果具有重大的政策意义，因为他们指出，可再生能源监管和市场举措在促进在能源生产中提高可再生能源的使用方面是紧密联系的。这些是决策者可以用来影响许多积极溢出效应的独立渠道，这些溢出效应从较高的投资活动延伸到能源创新和较低的排放量。

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