LAPSE:2023.13263
Published Article
LAPSE:2023.13263
A Panel Data Approach towards the Effectiveness of Energy Policies in Fostering the Implementation of Solar Photovoltaic Technology: Empirical Evidence for Asia-Pacific
March 1, 2023
Today, the growing Asia-Pacific population causes a dramatic growth in energy supply to meet energy demand. The rapid rise in energy demand is causing concern in the region. Thus, the present study scrutinizes the effect of energy policy involvement in steering-up renewable energy development by empirically assessing the role of policy instruments in encouraging residential-scale and commercial-scale photovoltaic (PV) systems. The analysis is performed using a fixed effects estimator on a selected range of policy approaches (market-pull policies and tax incentives) and a technology-push policy (capital grants) in selected Asia-Pacific countries between 1998 and 2015. The return on investment is estimated to measure the incentives of feed-in tariff (FIT) tariff policies for both residential-scale and commercial-scale PV systems. This study has shown the importance of a strategic combination between technology-push and market-pull policies as complementary to adopting technology and increasing renewable energy utilization for solar PV systems on a residential scale. Investigations into the effectiveness of regulatory support policies for solar PV systems indicate that energy policies are necessary to facilitate solar PV growth on a residential scale in the Asia-Pacific.
Keywords
Asia-Pacific, policy effectiveness, Renewable and Sustainable Energy, Solar Photovoltaic
Suggested Citation
Roslan F, Gherghina ȘC, Saputra J, Mata MN, Zali FDM, Martins JM. A Panel Data Approach towards the Effectiveness of Energy Policies in Fostering the Implementation of Solar Photovoltaic Technology: Empirical Evidence for Asia-Pacific. (2023). LAPSE:2023.13263
Author Affiliations
Roslan F: Centre for Fundamental Studies, Universiti Sultan Zainal Abidin, Kampus Gong Badak, Kuala Nerus 21030, Terengganu, Malaysia
Gherghina ȘC: Department of Finance, Bucharest University of Economic Studies, 6 Piata Romana, 010374 Bucharest, Romania [ORCID]
Saputra J: Department of Economics, Faculty of Business, Economics and Social Development, Universiti Malaysia, Kuala Nerus 21030, Terengganu, Malaysia [ORCID]
Mata MN: ISCAL-Instituto Superior de Contabilidade e Administração de Lisboa, Instituto Politécnico de Lisboa, Avenida Miguel Bombarda 20, 1069-035 Lisboa, Portugal; Business Research Unit (BRU-IUL), Instituto Universitário de Lisboa (ISCTE-IUL), 1649-026 Lisb [ORCID]
Zali FDM: Centre for Fundamental Studies, Universiti Sultan Zainal Abidin, Kampus Gong Badak, Kuala Nerus 21030, Terengganu, Malaysia
Martins JM: ISCAL-Instituto Superior de Contabilidade e Administração de Lisboa, Instituto Politécnico de Lisboa, Avenida Miguel Bombarda 20, 1069-035 Lisboa, Portugal; Business Research Unit (BRU-IUL), Instituto Universitário de Lisboa (ISCTE-IUL), 1649-026 Lisb [ORCID]
Journal Name
Energies
Volume
15
Issue
10
First Page
3775
Year
2022
Publication Date
2022-05-20
Published Version
ISSN
1996-1073
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Original Submission
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PII: en15103775, Publication Type: Journal Article
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LAPSE:2023.13263
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doi:10.3390/en15103775
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