The policy effectiveness of economic instruments for the photovoltaic and wind power development in the European Union
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文摘

Panel regression models are used to evaluate economic instruments for renewables.

FIT is an effective policy instrument for promoting both PV and wind power.

RPS is effective for promoting wind power only, though less effective than FIT.

All other economic instruments are ineffective for the promotion of PV.

Focusing on financial support to lower initial cost of wind power is suggested.

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