TY  - JOUR
ID  - publications48719
UR  - http://tse-fr.eu/pub/129136
A1  - De Groote, Olivier
A1  - Gautier, Axel
A1  - Verboven, Frank
Y1  - 2024/04//
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 on adopters and by electricity surcharges for 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 the potential reward by adopters who received generous subsidies. Further analysis indicates that punishment mainly comes from non-adopters, who change their vote towards anti-establishment parties.
PB  - Elsevier
JF  - Resource and Energy Economics
VL  - vol. 77
KW  - Financing climate policy
KW  - Photovoltaic systems
KW  - Retrospective voting
TI  - The political economy of financing climate policy – Evidence from the solar PV subsidy programs
AV  - public
ER  -