RT Monograph
SR 00
A1 De Groote, Olivier
A1 Gautier, Axel
A1 Verboven, Frank
T1 The political economy of financing climate policy – Evidence from the solar PV subsidy programs
YR 2022
FD 2022-04
VO 22-1329
SP 51
K1 financing climate policy
K1 photovoltaic systems
K1 retrospective voting
K1 buying votes
AB 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.
T2 TSE Working Paper
PB TSE Working Paper
PP Toulouse
AV Published
LK https://publications.ut-capitole.fr/id/eprint/45141/
UL http://tse-fr.eu/pub/126863