Publication:
Assessing the Impact of Renewable Energy Policies on Decarbonization in Developing Countries

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dc.contributor.authorGaleazzi, Clara
dc.contributor.authorSteinbuks, Jevgenijs
dc.contributor.authorAnadón, Laura Diaz
dc.date.accessioned2023-03-01T21:52:43Z
dc.date.accessioned2023-03-06T16:45:11Z
dc.date.available2023-03-01T21:52:43Z
dc.date.available2023-03-06T16:45:11Z
dc.date.issued2023-02
dc.description.abstractThis study offers the first consistent attempt to identify how energy sector decarbonization policies have affected the energy mix over the past four decades across more than 100 developing countries. It applies systematic regression analysis to five energy sector decarbonization outcomes and more than 75 policy instruments aggregated into seven policy packages. Combining instrumental variables with country interactions and country and time fixed effects in regional panels helps address potential endogeneity issues. Only a handful of energy policy packages significantly affect the decarbonization of developing countries' energy mix, and the packages more often achieve a negligible or opposite result than intended three years after implementation. Policies that address counterparty risk have the highest immediate effects. Effects of renewable policies on various decarbonization outcomes improve slightly five and seven years after their implementation.en
dc.identifierhttp://documents.worldbank.org/curated/en/099802502282336539/IDU0ed74462202af9043e70ab2309774e83a9d93
dc.identifier.urihttps://hdl.handle.net/10986/39489
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papes;10329
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectDECARBONIZATION POLICY IMPACT
dc.subjectDEVELOPING COUNTRY ENERGY POLICIES
dc.subjectENERGY MIX
dc.subjectRENEWABLE ENERGY POLICY IMPACT
dc.subjectRISE INDEX
dc.subjectRENEWABLE ENERGY POLICY
dc.titleAssessing the Impact of Renewable Energy Policies on Decarbonization in Developing Countriesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2023-02-28
okr.date.lastmodified2023-02-28T00:00:00Zen
okr.doctypeWorking Papers
okr.doctypeWorking Papers::Policy Research Working Papers
okr.docurlhttp://documents.worldbank.org/curated/en/099802502282336539/IDU0ed74462202af9043e70ab2309774e83a9d93
okr.guid099802502282336539
okr.identifier.doi10.1596/1813-9450-10329
okr.identifier.externaldocumentumIDU-ed744622-2af9-43e7-ab23-9774e83a9d93
okr.identifier.internaldocumentum34010609
okr.identifier.reportWPS10329
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099802502282336539/pdf/IDU0ed74462202af9043e70ab2309774e83a9d93.pdfen
okr.unitChief Economist Infrastructure (INFCE)
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