Article ID: | iaor20115952 |
Volume: | 39 |
Issue: | 7 |
Start Page Number: | 3914 |
End Page Number: | 3921 |
Publication Date: | Jul 2011 |
Journal: | Energy Policy |
Authors: | Woodman B, Mitchell C |
Keywords: | public policy, sustainability, Wales, England |
• We outline the design of the Renewables Obligation and some shortcomings. • The mechanism has performed poorly because of the risks it entails for investors. • It has been subject to several changes which increasingly challenge the original design of the RO. • Future developments may introduce even more fundamental change for supporting renewable. • Over time risks have been reduced but not yet eliminated.