Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2019.01.051 |
Performance of markets for European renewable energy certificates | |
Hulshof, Daan1; Jepma, Catrinus1,2; Mulder, Machiel1 | |
2019-05-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 128页码:697-710 |
文章类型 | Article |
语种 | 英语 |
国家 | Netherlands |
英文摘要 | To address the problem of information asymmetry in renewable electricity markets, European governments have introduced certification schemes. While certification appears to be an increasingly important trade mechanism for renewable electricity, it is unclear to what extent certificate markets are functioning properly. In addition, countries have chosen very different designs for their certification schemes. In order to assess the performance of markets for Guarantee of Origin certificates in twenty European countries, we construct four market performance indicators and analyse their development over 2001-2016: the chum rate, price volatility, the certification rate and the expiration rate. We also investigate the relationship between market performance and two design features of certification schemes: the public/private nature of the certifier and the presence of an international standard. We find that, despite increasing shares of renewable electricity are being certified, certificate markets suffer from poor liquidity and very volatile prices. In addition, we conclude that adopting an international standard fosters the development of certificate systems. |
英文关键词 | Certification Information asymmetry Renewable energy |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000463688800066 |
WOS关键词 | ELECTRICITY ; INFORMATION ; POLICY ; STANDARDS ; DEMAND ; LABELS ; IMPACT ; TRADE |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/182775 |
专题 | 气候变化 |
作者单位 | 1.Univ Groningen, Fac Econ & Business, Nettelbosje 2, NL-9747 AE Groningen, Netherlands; 2.Energy Delta Inst, Nijenborgh 6, NL-9747 AG Groningen, Netherlands |
推荐引用方式 GB/T 7714 | Hulshof, Daan,Jepma, Catrinus,Mulder, Machiel. Performance of markets for European renewable energy certificates[J]. ENERGY POLICY,2019,128:697-710. |
APA | Hulshof, Daan,Jepma, Catrinus,&Mulder, Machiel.(2019).Performance of markets for European renewable energy certificates.ENERGY POLICY,128,697-710. |
MLA | Hulshof, Daan,et al."Performance of markets for European renewable energy certificates".ENERGY POLICY 128(2019):697-710. |
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