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Archivio digitale delle tesi discusse presso l’Università di Pisa

Tesi etd-01222024-172938


Tipo di tesi
Tesi di laurea magistrale
Autore
SABATTINI, LINDA
URN
etd-01222024-172938
Titolo
Empirical analysis of feed-in tariff policy impact on the installation of renewable energy power plants
Dipartimento
ECONOMIA E MANAGEMENT
Corso di studi
ECONOMICS
Relatori
relatore Fagiolo, Giorgio
Parole chiave
  • climate change
  • green policy
  • staggered difference-in-difference
Data inizio appello
26/02/2024
Consultabilità
Completa
Riassunto
This thesis aims at tracking the evolution of determinants of green
investment over the period 1990-2019 in European countries. Green investment in question refers to installation of renewables power
plants. These policy schemes are classified in literature into two broad categories, market-oriented and non-market oriented devices. Starting from the beginning of the 21th century, many countries principally adopted market-based policy choices: in particular, feed-in tariffs (FITs). FITs are characterized by a price-driven scheme, applicable for a certain amount of time and granting a guaranteed purchasing price for electricity produced by renewable energy sourced plants. While existing literature suggests that in the first decade of 2000s FITs had a major positive impact in renewable plants installation, in more recent years countries preferred the adoption of non-market devices. The analysis wants to determine whether market-oriented policies have been effective and how green installations changed after the policy switch. In order to explain the pivoting towards non-markets based devices, this thesis presents an empirical analysis of a panel dataset reporting installed capacities in 36 World countries. The goal of my empirical investigation is to exploit the heterogeneity of time for policy adoption and fit a staggered difference-in-difference econometric model to compare the average treatment effect of FITs on country renewable power.
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