TY  - RPRT
CY  - Toulouse
ID  - publications45141
UR  - http://tse-fr.eu/pub/126863
A1  - De Groote, Olivier
A1  - Gautier, Axel
A1  - Verboven, Frank
Y1  - 2022/04//
N2  - We analyze the political impact of a generous solar panel subsidization program. Subsidies far exceeded their social benefit and were partly financed by new taxes to adopters and by electricity surcharges to all consumers. We use local panel data from Belgium and find a decrease in votes for government parties in municipalities with high adoption rates. This shows that the voters’ punishment for a costly policy exceeded a potential reward by adopters who received the generous subsidies. Further analysis indicates that punishment mainly comes from non-adopters, who change their vote towards anti-establishment parties.
PB  - TSE Working Paper
T3  - TSE Working Paper
KW  - financing climate policy
KW  - photovoltaic systems
KW  - retrospective voting
KW  - buying votes
M1  - working_paper
TI  - The political economy of financing climate policy – Evidence from the solar PV subsidy programs
AV  - public
EP  - 51
ER  -