Learning from experience? The development of the Renewables Obligation in England and Wales 2002‐2010

Learning from experience? The development of the Renewables Obligation in England and Wales 2002‐2010

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Article ID: iaor20115952
Volume: 39
Issue: 7
Start Page Number: 3914
End Page Number: 3921
Publication Date: Jul 2011
Journal: Energy Policy
Authors: ,
Keywords: public policy, sustainability, Wales, England
Abstract:

• 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.

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