Please use this identifier to cite or link to this item:
https://hdl.handle.net/1959.11/14049
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Nelson, Timothy | en |
dc.contributor.author | Nelson, James | en |
dc.contributor.author | Ariyaratnam, Jude | en |
dc.contributor.author | Camroux, Simon | en |
dc.date.accessioned | 2014-03-03T13:02:00Z | - |
dc.date.issued | 2013 | - |
dc.identifier.citation | Energy Policy, v.62, p. 386-400 | en |
dc.identifier.issn | 1873-6777 | en |
dc.identifier.issn | 0301-4215 | en |
dc.identifier.uri | https://hdl.handle.net/1959.11/14049 | - |
dc.description.abstract | In 2001, Australia introduced legislation requiring investment in new renewable electricity generating capacity. The legislation was significantly expanded in 2009 to give effect to a 20% Renewable Energy Target (RET). Importantly, the policy was introduced with bipartisan support and is consistent with global policy trends. In this article, we examine the history of the policy and establish that the 'stop/start' nature of renewable policy development has resulted in investors withholding new capital until greater certainty is provided. We utilise the methodology from Simshauser and Nelson (2012) to examine whether capital market efficiency losses would occur under certain policy scenarios. The results show that electricity costs would increase by between $51 million and $119 million if the large-scale RET is abandoned even after accounting for avoided renewable costs. Our conclusions are clear: we find that policymakers should be guided by a high level public policy principle in relation to large-scale renewable energy policy: constant review is not reform. | en |
dc.language | en | en |
dc.publisher | Elsevier Ltd | en |
dc.relation.ispartof | Energy Policy | en |
dc.title | An analysis of Australia's large scale renewable energy target: Restoring market confidence | en |
dc.type | Journal Article | en |
dc.identifier.doi | 10.1016/j.enpol.2013.07.096 | en |
dcterms.accessRights | Green | en |
dc.subject.keywords | Environment and Resource Economics | en |
dc.subject.keywords | Industry Economics and Industrial Organisation | en |
dc.subject.keywords | Public Economics- Publically Provided Goods | en |
local.contributor.firstname | Timothy | en |
local.contributor.firstname | James | en |
local.contributor.firstname | Jude | en |
local.contributor.firstname | Simon | en |
local.subject.for2008 | 140209 Industry Economics and Industrial Organisation | en |
local.subject.for2008 | 140205 Environment and Resource Economics | en |
local.subject.for2008 | 140214 Public Economics- Publically Provided Goods | en |
local.subject.seo2008 | 910211 Supply and Demand | en |
local.subject.seo2008 | 910205 Industry Policy | en |
local.subject.seo2008 | 910204 Industry Costs and Structure | en |
local.profile.email | tanelson@agl.com.au | en |
local.output.category | C1 | en |
local.record.place | au | en |
local.record.institution | University of New England | en |
local.identifier.epublicationsrecord | une-20140220-113346 | en |
local.publisher.place | United Kingdom | en |
local.format.startpage | 386 | en |
local.format.endpage | 400 | en |
local.url.open | http://ec.europa.eu/clima/consultations/articles/0017/unregistered/agl_5_en.pdf | en |
local.peerreviewed | Yes | en |
local.identifier.volume | 62 | en |
local.title.subtitle | Restoring market confidence | en |
local.access.fulltext | Yes | en |
local.contributor.lastname | Nelson | en |
local.contributor.lastname | Nelson | en |
local.contributor.lastname | Ariyaratnam | en |
local.contributor.lastname | Camroux | en |
dc.identifier.staff | une-id:tnelson9 | en |
local.profile.role | author | en |
local.profile.role | author | en |
local.profile.role | author | en |
local.profile.role | author | en |
local.identifier.unepublicationid | une:14262 | en |
local.title.maintitle | An analysis of Australia's large scale renewable energy target | en |
local.output.categorydescription | C1 Refereed Article in a Scholarly Journal | en |
local.relation.grantdescription | ARC/120200192 | en |
local.search.author | Nelson, Timothy | en |
local.search.author | Nelson, James | en |
local.search.author | Ariyaratnam, Jude | en |
local.search.author | Camroux, Simon | en |
local.uneassociation | Unknown | en |
local.year.published | 2013 | en |
local.subject.for2020 | 380109 Industry economics and industrial organisation | en |
local.subject.for2020 | 380105 Environment and resource economics | en |
local.subject.for2020 | 380114 Public economics - publicly provided goods | en |
local.subject.seo2020 | 150511 Supply and demand | en |
local.subject.seo2020 | 150505 Industry policy | en |
local.subject.seo2020 | 150504 Industry costs and structure | en |
Appears in Collections: | Journal Article |
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