STATE BUDGET INDEPENDENT, MARKET-BASED INSTRUMENTS TO FINANCE RENEWABLE HEAT STRATEGIES

At present, expanding the use of renewable energy sources for heating (RES-H) relies predominantly on publicly funded support instruments. As these are subject to subsidy cuts and suspensions, these instruments do not provide long-term security for investors and technology suppliers. Although feed-i...

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Veröffentlicht in:Energy & environment (Essex, England) England), 2013-02, Vol.24 (1/2), p.195-218
Hauptverfasser: Steinbach, Jan, Seefeldt, Friedrich, Brandt, Edmund, Bürger, Veit, Jacobshagen, Ulf, Kachel, Markus, Nast, Michael, Ragwitz, Mario
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container_end_page 218
container_issue 1/2
container_start_page 195
container_title Energy & environment (Essex, England)
container_volume 24
creator Steinbach, Jan
Seefeldt, Friedrich
Brandt, Edmund
Bürger, Veit
Jacobshagen, Ulf
Kachel, Markus
Nast, Michael
Ragwitz, Mario
description At present, expanding the use of renewable energy sources for heating (RES-H) relies predominantly on publicly funded support instruments. As these are subject to subsidy cuts and suspensions, these instruments do not provide long-term security for investors and technology suppliers. Although feed-in tariffs and quota-based systems are the major support schemes for renewable energy sources in the electricity sector, similar policy designs have not been applied to RES-H. This paper presents and evaluates three different policy instruments which have the potential to finance RES-H without using public funds: a physical quota system for biomass, a technology-based quota system (Portfolio Model) and a remuneration-based system (Premium model). The assessment suggests that while the Portfolio Model and the Premium Model are both promising policies to enhance RES-H deployment, there is greater acceptance among stakeholders for the Premium Model.
doi_str_mv 10.1260/0958-305X.24.1-2.195
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source SAGE Complete; JSTOR Archive Collection A-Z Listing
subjects Biofuels
Biomass energy production
Energy
Energy technology
Environmental policy
Environmental technology
Financial instruments
Fossil fuels
Future promotion schemes for renewable heat generation (RES-H)
Heat
Renewable energy
title STATE BUDGET INDEPENDENT, MARKET-BASED INSTRUMENTS TO FINANCE RENEWABLE HEAT STRATEGIES
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