Pub Date : 2024-12-13DOI: 10.1016/j.enpol.2024.114466
Yanyu Wang , Ting Lu , Yuanbo Qiao
This study explores the impact of government subsidy withdrawal on firms' innovation behavior, focusing on China's new energy vehicle (NEV) industry. The sector provides a compelling case, having transitioned from significant government support to a gradual subsidy withdrawal. We begin by reviewing the industry's evolution and proposing theoretical hypotheses. Using a lasso model, we evaluate the overall policy effects of subsidy withdrawal. Subsequently, we test these hypotheses with a regression discontinuity design, based on data from Chinese-listed NEV manufacturers from 2009 to 2020. The findings highlight that the subsidy withdrawal significantly influenced firms' innovation strategies. In response, companies increased their R&D investment while reducing symbolic innovation activities, with the effect being more pronounced among non-state-owned enterprises. This study offers new insights into policy evaluation and provides strategic guidance for NEV firms navigating subsidy withdrawal.
{"title":"Visible hands: The impact of subsidy withdrawal on new energy vehicle enterprises’ innovation behaviors","authors":"Yanyu Wang , Ting Lu , Yuanbo Qiao","doi":"10.1016/j.enpol.2024.114466","DOIUrl":"10.1016/j.enpol.2024.114466","url":null,"abstract":"<div><div>This study explores the impact of government subsidy withdrawal on firms' innovation behavior, focusing on China's new energy vehicle (NEV) industry. The sector provides a compelling case, having transitioned from significant government support to a gradual subsidy withdrawal. We begin by reviewing the industry's evolution and proposing theoretical hypotheses. Using a lasso model, we evaluate the overall policy effects of subsidy withdrawal. Subsequently, we test these hypotheses with a regression discontinuity design, based on data from Chinese-listed NEV manufacturers from 2009 to 2020. The findings highlight that the subsidy withdrawal significantly influenced firms' innovation strategies. In response, companies increased their R&D investment while reducing symbolic innovation activities, with the effect being more pronounced among non-state-owned enterprises. This study offers new insights into policy evaluation and provides strategic guidance for NEV firms navigating subsidy withdrawal.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114466"},"PeriodicalIF":9.3,"publicationDate":"2024-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099655","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-13DOI: 10.1016/j.enpol.2024.114461
Lisa Restel , Kelvin Say
Australia is a frontrunner in household solar photovoltaic (PV) adoption, which has helped to accelerate the energy transition but has changed demand such that the power system faces operational challenges, known as the solar ‘duck curve’. The growing adoption of household batteries will change demand once again and policymakers have the means to reshape this demand through time-varying tariffs. This study evaluates the impact of time-varying import and export tariffs on household load profiles using data from 400 Melbourne households, each equipped with a 9 kWP PV and 12 kWh battery, and a dispatch optimisation model.
Our findings indicate that time-varying export tariffs have significantly more influence on residual load profiles compared to time-varying import tariffs. With time-varying import tariffs only, households still maintain grid feed-in during the day and rely on self-consumption in the evening, exacerbating midday feed-in but preventing peak demand growth. We find that time-varying export tariffs alone reduce midday feed-in by 55.6% and extend exports past sunset. This actively counteracts the ‘duck curve’ by reducing midday feed-in and decreasing peak evening operational demand. This suggests that time-varying export tariffs may be a useful policy lever to enhance grid utilisation and renewable energy integration.
{"title":"Counteracting the duck curve: Prosumage with time-varying import and export electricity tariffs","authors":"Lisa Restel , Kelvin Say","doi":"10.1016/j.enpol.2024.114461","DOIUrl":"10.1016/j.enpol.2024.114461","url":null,"abstract":"<div><div>Australia is a frontrunner in household solar photovoltaic (PV) adoption, which has helped to accelerate the energy transition but has changed demand such that the power system faces operational challenges, known as the solar ‘duck curve’. The growing adoption of household batteries will change demand once again and policymakers have the means to reshape this demand through time-varying tariffs. This study evaluates the impact of time-varying import and export tariffs on household load profiles using data from 400 Melbourne households, each equipped with a 9 kW<sub>P</sub> <!--> <!-->PV and 12 kWh battery, and a dispatch optimisation model.</div><div>Our findings indicate that time-varying export tariffs have significantly more influence on residual load profiles compared to time-varying import tariffs. With time-varying import tariffs only, households still maintain grid feed-in during the day and rely on self-consumption in the evening, exacerbating midday feed-in but preventing peak demand growth. We find that time-varying export tariffs alone reduce midday feed-in by 55.6% and extend exports past sunset. This actively counteracts the ‘duck curve’ by reducing midday feed-in and decreasing peak evening operational demand. This suggests that time-varying export tariffs may be a useful policy lever to enhance grid utilisation and renewable energy integration.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114461"},"PeriodicalIF":9.3,"publicationDate":"2024-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-12DOI: 10.1016/j.enpol.2024.114465
Nynke van Uffelen , Sander ten Caat
Governing a just energy transition requires detecting and anticipating energy injustices. Although much scholarly attention has been given to frameworks to analyse energy injustices, a consistent framework for policymakers and researchers to detect them is lacking. Current methods for detecting what the publics perceive as (un)just rely on explicit articulations of grievances by citizens in official participatory settings or during energy conflicts. However, it is implausible that all injustices manifest within these contexts. This study introduces a framework to understand why injustices might remain unseen and unaddressed, inspired by the concept of hidden morality as introduced by the philosopher Axel Honneth. The framework of hidden morality conceptualises several steps between an injustice and social change: (1) experience of injustices; (2) expression of injustices; (3) collective action; (4) uptake in public discourse; (5) reformulation; and (6) social change. Between each of these steps, different obstacles can arise. The paper explores the mechanisms that prevent energy injustices from surfacing and being resolved through philosophical literature and two case studies. Its contribution is twofold: it raises awareness of the fact that injustices can remain undetected, and it proposes a framework that is the first systematic tool for policymakers to detect injustices when making energy policies.
{"title":"Detecting energy injustices: Climbing the ladder of “hidden morality”","authors":"Nynke van Uffelen , Sander ten Caat","doi":"10.1016/j.enpol.2024.114465","DOIUrl":"10.1016/j.enpol.2024.114465","url":null,"abstract":"<div><div>Governing a just energy transition requires detecting and anticipating energy injustices. Although much scholarly attention has been given to frameworks to <em>analyse</em> energy injustices, a consistent framework for policymakers and researchers to <em>detect</em> them is lacking. Current methods for detecting what the publics perceive as (un)just rely on explicit articulations of grievances by citizens in official participatory settings or during energy conflicts. However, it is implausible that all injustices manifest within these contexts. This study introduces a framework to understand why injustices might remain unseen and unaddressed, inspired by the concept of <em>hidden morality</em> as introduced by the philosopher Axel Honneth. The framework of hidden morality conceptualises several steps between an injustice and social change: (1) experience of injustices; (2) expression of injustices; (3) collective action; (4) uptake in public discourse; (5) reformulation; and (6) social change. Between each of these steps, different obstacles can arise. The paper explores the mechanisms that prevent energy injustices from surfacing and being resolved through philosophical literature and two case studies. Its contribution is twofold: it raises awareness of the fact that injustices can remain undetected, and it proposes a framework that is the first systematic tool for policymakers to detect injustices when making energy policies.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114465"},"PeriodicalIF":9.3,"publicationDate":"2024-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099529","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-12DOI: 10.1016/j.enpol.2024.114448
Mario Liebensteiner , Fabian Ocker , Anas Abuzayed
Expectations about future energy prices are crucial for investment decisions, market reform debates, and public policy. Yet, the recent energy crisis caused dramatic market uncertainty. This study investigates Germany’s near-future wholesale electricity price in the context of evolving market trends. A flexible econometric model is applied to high-frequency, near-time data, spanning January 2015 through May 2023. A potential endogeneity bias of trade is circumvented by an instrumental-variables approach. Results indicate that expanding renewable energy exerts downward pressure on price, countering trends like the nuclear phaseout, a rising carbon price, increased electrification, and a high gas price. The collective impact suggests a considerably higher electricity price in the coming years compared to pre-crisis levels. This finding is corroborated by a fundamental energy system model. The potential rise in renewables’ production volatility may amplify electricity price volatility. A high and volatile near-future electricity price could spur investments in renewables and flexibility technologies but pose challenges for consumers. Our analysis aids evidence-based decision-making amid the post-crisis landscape.
{"title":"High electricity price despite expansion in renewables: How market trends shape Germany’s power market in the coming years","authors":"Mario Liebensteiner , Fabian Ocker , Anas Abuzayed","doi":"10.1016/j.enpol.2024.114448","DOIUrl":"10.1016/j.enpol.2024.114448","url":null,"abstract":"<div><div>Expectations about future energy prices are crucial for investment decisions, market reform debates, and public policy. Yet, the recent energy crisis caused dramatic market uncertainty. This study investigates Germany’s near-future wholesale electricity price in the context of evolving market trends. A flexible econometric model is applied to high-frequency, near-time data, spanning January 2015 through May 2023. A potential endogeneity bias of trade is circumvented by an instrumental-variables approach. Results indicate that expanding renewable energy exerts downward pressure on price, countering trends like the nuclear phaseout, a rising carbon price, increased electrification, and a high gas price. The collective impact suggests a considerably higher electricity price in the coming years compared to pre-crisis levels. This finding is corroborated by a fundamental energy system model. The potential rise in renewables’ production volatility may amplify electricity price volatility. A high and volatile near-future electricity price could spur investments in renewables and flexibility technologies but pose challenges for consumers. Our analysis aids evidence-based decision-making amid the post-crisis landscape.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114448"},"PeriodicalIF":9.3,"publicationDate":"2024-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099634","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-12DOI: 10.1016/j.enpol.2024.114460
Zijie Zhang , Chao Zhang , Yan Hao , Lixiao Zhang , Xinqing Li , Yuqin Li
Soaring electricity demand and rapid development of power generation technology are substantially reshaping the water use patterns associated with coal power generation. The evolution of water use patterns that pose a threat to freshwater availability in China, as well as their variation across different geographic regions, remains inadequately understood. In this study, we compiled spatiotemporally-explicit data from 2011 to 2021 on freshwater consumption and withdrawal for coal-fired electric power generation in China to explore the factors driving these changes and provide the detailed spatial distribution information of freshwater usage at a grid level. Results indicate contrasting trends: while withdrawal volume decreased by 3.9 × 109 m3 yr−1, consumption volume increased by 8.1 × 108 m3 yr−1. This research also highlights the regional disparities in the impacts of power generation technology improvement on freshwater resources. The tension between coal power production and freshwater resources has been alleviated in the “Beijing-Tianjin-Hebei”. However, it has intensified in several arid regions of the northwest. These results help prioritize geo-targeted efforts to balance power system decarbonization and water usage, which collectively affect the regional sustainable development.
{"title":"Dynamic changes in water use patterns of coal power generation during China's energy transition","authors":"Zijie Zhang , Chao Zhang , Yan Hao , Lixiao Zhang , Xinqing Li , Yuqin Li","doi":"10.1016/j.enpol.2024.114460","DOIUrl":"10.1016/j.enpol.2024.114460","url":null,"abstract":"<div><div>Soaring electricity demand and rapid development of power generation technology are substantially reshaping the water use patterns associated with coal power generation. The evolution of water use patterns that pose a threat to freshwater availability in China, as well as their variation across different geographic regions, remains inadequately understood. In this study, we compiled spatiotemporally-explicit data from 2011 to 2021 on freshwater consumption and withdrawal for coal-fired electric power generation in China to explore the factors driving these changes and provide the detailed spatial distribution information of freshwater usage at a grid level. Results indicate contrasting trends: while withdrawal volume decreased by 3.9 × 10<sup>9</sup> m<sup>3</sup> yr<sup>−1</sup>, consumption volume increased by 8.1 × 10<sup>8</sup> m<sup>3</sup> yr<sup>−1</sup>. This research also highlights the regional disparities in the impacts of power generation technology improvement on freshwater resources. The tension between coal power production and freshwater resources has been alleviated in the “Beijing-Tianjin-Hebei”. However, it has intensified in several arid regions of the northwest. These results help prioritize geo-targeted efforts to balance power system decarbonization and water usage, which collectively affect the regional sustainable development.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114460"},"PeriodicalIF":9.3,"publicationDate":"2024-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143094946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-10DOI: 10.1016/j.enpol.2024.114407
Federico Dell’Anna
The Energy Performance Certificate (EPC) is a key tool for advancing building energy efficiency across Europe. By offering standardized information on a property’s energy use, it shapes buyer and tenant preferences, influencing property values. This data-driven policy analysis assesses the EPC's effectiveness.
To assess the impact of EPC on property prices in Turin, Italy, a comprehensive machine learning (ML) framework is employed. This framework includes unsupervised hierarchical clustering and supervised algorithms including Artificial Neural Networks (ANN), k-Nearest Neighbors (k-NN), Support Vector Regression (SVR), Random Forest (RF), and Gradient Boosting Machine (GBM). These techniques facilitate an in-depth analysis of the complex relationships between EPC ratings and property prices.
Furthermore, the integration of eXplainable Artificial Intelligence (XAI) enhances the transparency of these models, providing clear insights into how EPC ratings affect prices across different property sub-markets. By demystifying the decision-making processes of complex algorithms, this approach makes the findings more accessible to stakeholders.
The flexibility of this framework suggests that it can be applied to other European contexts, offering a valuable tool for policymakers aiming to craft more effective energy efficiency strategies.
{"title":"Machine learning framework for evaluating energy performance certificate (EPC) effectiveness in real estate: A case study of Turin’s private residential market","authors":"Federico Dell’Anna","doi":"10.1016/j.enpol.2024.114407","DOIUrl":"10.1016/j.enpol.2024.114407","url":null,"abstract":"<div><div>The Energy Performance Certificate (EPC) is a key tool for advancing building energy efficiency across Europe. By offering standardized information on a property’s energy use, it shapes buyer and tenant preferences, influencing property values. This data-driven policy analysis assesses the EPC's effectiveness.</div><div>To assess the impact of EPC on property prices in Turin, Italy, a comprehensive machine learning (ML) framework is employed. This framework includes unsupervised hierarchical clustering and supervised algorithms including Artificial Neural Networks (ANN), k-Nearest Neighbors (k-NN), Support Vector Regression (SVR), Random Forest (RF), and Gradient Boosting Machine (GBM). These techniques facilitate an in-depth analysis of the complex relationships between EPC ratings and property prices.</div><div>Furthermore, the integration of eXplainable Artificial Intelligence (XAI) enhances the transparency of these models, providing clear insights into how EPC ratings affect prices across different property sub-markets. By demystifying the decision-making processes of complex algorithms, this approach makes the findings more accessible to stakeholders.</div><div>The flexibility of this framework suggests that it can be applied to other European contexts, offering a valuable tool for policymakers aiming to craft more effective energy efficiency strategies.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114407"},"PeriodicalIF":9.3,"publicationDate":"2024-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-09DOI: 10.1016/j.enpol.2024.114439
Nelyda Campos-Requena , Felipe Vásquez-Lavín , Manuel Barrientos , Roberto D. Ponce Oliva
Implementing hydropower projects requires understanding community acceptance, especially regarding equity tariff schemes. This study assesses an equity tariff scheme as a compensation mechanism for accepting new hydropower projects by considering reducing local electricity tariffs while increasing in non-electricity-generating communities. We consider two scenarios involving a small-medium hydropower project (up to 100 MW) in Southern Chile: one in a zone with existing hydropower plants and another without previous hydropower experience but with high potential. Using a discrete choice experiment with 340 respondents, we analyzed the data through mixed logit models. Our results indicate that economic incentives alone cannot counter negative social perceptions of new hydropower projects, even in areas without prior experience. These findings highlight the necessity for an integrative strategy combining adequate monetary compensation with non-monetary approaches, such as community engagement and environmental mitigation measures, to ensure a fair and inclusive hydropower project development.
{"title":"Distributional justice and hydropower development: A case study of Chile's equity tariff scheme","authors":"Nelyda Campos-Requena , Felipe Vásquez-Lavín , Manuel Barrientos , Roberto D. Ponce Oliva","doi":"10.1016/j.enpol.2024.114439","DOIUrl":"10.1016/j.enpol.2024.114439","url":null,"abstract":"<div><div>Implementing hydropower projects requires understanding community acceptance, especially regarding equity tariff schemes. This study assesses an equity tariff scheme as a compensation mechanism for accepting new hydropower projects by considering reducing local electricity tariffs while increasing in non-electricity-generating communities. We consider two scenarios involving a small-medium hydropower project (up to 100 MW) in Southern Chile: one in a zone with existing hydropower plants and another without previous hydropower experience but with high potential. Using a discrete choice experiment with 340 respondents, we analyzed the data through mixed logit models. Our results indicate that economic incentives alone cannot counter negative social perceptions of new hydropower projects, even in areas without prior experience. These findings highlight the necessity for an integrative strategy combining adequate monetary compensation with non-monetary approaches, such as community engagement and environmental mitigation measures, to ensure a fair and inclusive hydropower project development.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114439"},"PeriodicalIF":9.3,"publicationDate":"2024-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099528","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-07DOI: 10.1016/j.enpol.2024.114437
Ugne Keliauskaite, Ben McWilliams, Giovanni Sgaravatti, Simone Tagliapietra
By 2030, the EU needs to reduce emissions from heating and cooling buildings, which account for 13% of the EU's emissions, by approximately 30 million tons of CO2 annually. EU countries must accelerate building retrofits and the adoption of clean heating systems to avoid missing climate targets. To achieve this, the EU has introduced a policy toolkit, including stronger price signals against fossil-fuel heating in Emission Trading System II (ETS II) and energy-consumption reduction targets in the Energy Performance Building Directive (EPBD). This paper proposes an empirical methodology for quantifying the investment gap to meet the EPBD energy performance targets. Our estimation suggests a gap of approximately €150 billion per year to meet EPBD targets until 2030. By leveraging energy savings from electrification and retrofitting, the investment gap could be more than halved. The ETS II will provide a significant stream of public finance that could contribute to closing the gap. This paper concludes that to bridge the investment gap, governments need to employ policies that leverage future savings, use public funding to mobilise private finance to fund renovations and further fix pricing incentives by phasing out fossil fuel subsidies and taxes to encourage the switch to clean heat.
{"title":"Financing European Union's buildings' decarbonisation strategy","authors":"Ugne Keliauskaite, Ben McWilliams, Giovanni Sgaravatti, Simone Tagliapietra","doi":"10.1016/j.enpol.2024.114437","DOIUrl":"10.1016/j.enpol.2024.114437","url":null,"abstract":"<div><div>By 2030, the EU needs to reduce emissions from heating and cooling buildings, which account for 13% of the EU's emissions, by approximately 30 million tons of CO<sub>2</sub> annually. EU countries must accelerate building retrofits and the adoption of clean heating systems to avoid missing climate targets. To achieve this, the EU has introduced a policy toolkit, including stronger price signals against fossil-fuel heating in Emission Trading System II (ETS II) and energy-consumption reduction targets in the Energy Performance Building Directive (EPBD). This paper proposes an empirical methodology for quantifying the investment gap to meet the EPBD energy performance targets. Our estimation suggests a gap of approximately €150 billion per year to meet EPBD targets until 2030. By leveraging energy savings from electrification and retrofitting, the investment gap could be more than halved. The ETS II will provide a significant stream of public finance that could contribute to closing the gap. This paper concludes that to bridge the investment gap, governments need to employ policies that leverage future savings, use public funding to mobilise private finance to fund renovations and further fix pricing incentives by phasing out fossil fuel subsidies and taxes to encourage the switch to clean heat.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114437"},"PeriodicalIF":9.3,"publicationDate":"2024-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143094962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-07DOI: 10.1016/j.enpol.2024.114452
Shaolong Zeng , Man Ji , Xinye Huang
As a substitute for traditional fuel vehicles, the new energy automobile industry has gradually come into the public's view in response to environmental protection requirements. China values the role of policy regulation in promoting the rapid growth of the new energy vehicle sector. This research uses data from A-share listed new energy automotive corporations from 2010 to 2022 and the two-way fixed effect model to investigate the influence of tax incentives on the development of new energy vehicles. The empirical results show that: (1) Tax incentives have a significant promotion effect on the performance of new energy automobile enterprises and have the most significant impact on their operational capacity; (2) Tax incentives can improve the performance of new energy automobile enterprises by alleviating financing constraints; (3) The incentive effect of tax incentives on the performance of new energy car firms is more substantial in the eastern region, but the effect on the central and western regions is unclear; (4) The tax incentives on the performance of new energy automobile enterprises. The promotion effect has long-term, sustained effects. Based on the foregoing conclusions, this paper gives policy recommendations on how to stimulate the development of new energy vehicles in terms of tax advantages.
{"title":"An empirical study on the impact of tax incentives on the development of new energy vehicles: Case of China","authors":"Shaolong Zeng , Man Ji , Xinye Huang","doi":"10.1016/j.enpol.2024.114452","DOIUrl":"10.1016/j.enpol.2024.114452","url":null,"abstract":"<div><div>As a substitute for traditional fuel vehicles, the new energy automobile industry has gradually come into the public's view in response to environmental protection requirements. China values the role of policy regulation in promoting the rapid growth of the new energy vehicle sector. This research uses data from A-share listed new energy automotive corporations from 2010 to 2022 and the two-way fixed effect model to investigate the influence of tax incentives on the development of new energy vehicles. The empirical results show that: (1) Tax incentives have a significant promotion effect on the performance of new energy automobile enterprises and have the most significant impact on their operational capacity; (2) Tax incentives can improve the performance of new energy automobile enterprises by alleviating financing constraints; (3) The incentive effect of tax incentives on the performance of new energy car firms is more substantial in the eastern region, but the effect on the central and western regions is unclear; (4) The tax incentives on the performance of new energy automobile enterprises. The promotion effect has long-term, sustained effects. Based on the foregoing conclusions, this paper gives policy recommendations on how to stimulate the development of new energy vehicles in terms of tax advantages.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114452"},"PeriodicalIF":9.3,"publicationDate":"2024-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143094963","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-12-06DOI: 10.1016/j.enpol.2024.114453
Pham Nhu Man , Truong Dang Thuy
Despite the Sustainable Development Goal of ensuring clean and affordable energy for all, research on electricity affordability remains limited. This study employs a stochastic payment card method to elicit perceptions of reasonable electricity bills in Ho Chi Minh City, Vietnam. A “reasonable” bill is generally considered affordable for consumers and sufficient to cover provision costs. Our findings support this definition, revealing that respondents view reasonable bills as affordable for all, including their households, sufficient to recover provision costs, and accessible to the poor. The results indicate that while low consumption tariffs (up to 200 kWh/month) are considered reasonable, higher consumption rates are viewed as excessively high and punitive, highlighting a disconnect between Increasing Block Tariffs and the need for affordable energy. 72% of respondents perceive middle-range bills as more reasonable than lower or higher extremes, indicating a preference for equitable pricing that aligns with sustainable provision. Additionally, perceptions of reasonable bills are shaped more by consumption than by deviations from personal usage levels, showing consistency across households without self-interest bias. This study highlights the need for tariff reforms that better balance affordability with equity and actual provision costs, advocating for less punitive structures for households with higher energy consumption.
{"title":"Balancing affordability and sustainability: Evidence on public perceptions of reasonable electricity bills in Ho Chi Minh City, Vietnam","authors":"Pham Nhu Man , Truong Dang Thuy","doi":"10.1016/j.enpol.2024.114453","DOIUrl":"10.1016/j.enpol.2024.114453","url":null,"abstract":"<div><div>Despite the Sustainable Development Goal of ensuring clean and affordable energy for all, research on electricity affordability remains limited. This study employs a stochastic payment card method to elicit perceptions of reasonable electricity bills in Ho Chi Minh City, Vietnam. A “reasonable” bill is generally considered affordable for consumers and sufficient to cover provision costs. Our findings support this definition, revealing that respondents view reasonable bills as affordable for all, including their households, sufficient to recover provision costs, and accessible to the poor. The results indicate that while low consumption tariffs (up to 200 kWh/month) are considered reasonable, higher consumption rates are viewed as excessively high and punitive, highlighting a disconnect between Increasing Block Tariffs and the need for affordable energy. 72% of respondents perceive middle-range bills as more reasonable than lower or higher extremes, indicating a preference for equitable pricing that aligns with sustainable provision. Additionally, perceptions of reasonable bills are shaped more by consumption than by deviations from personal usage levels, showing consistency across households without self-interest bias. This study highlights the need for tariff reforms that better balance affordability with equity and actual provision costs, advocating for less punitive structures for households with higher energy consumption.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"198 ","pages":"Article 114453"},"PeriodicalIF":9.3,"publicationDate":"2024-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099633","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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