Tools
Tools
De Groote, Olivier
, Gautier, Axel and Verboven, Frank
(2024)
The political economy of financing climate policy – Evidence from the solar PV subsidy programs.
Resource and Energy Economics, vol. 77.
This is the latest version of this item.
Preview |
Text
Download (1MB) | Preview |
Abstract
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.
| Item Type: | Article |
|---|---|
| Language: | English |
| Date: | April 2024 |
| Refereed: | Yes |
| Uncontrolled Keywords: | Financing climate policy, Photovoltaic systems, Retrospective voting |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 16 Apr 2024 07:46 |
| Last Modified: | 16 Apr 2024 07:47 |
| OAI Identifier: | oai:tse-fr.eu:129136 |
| URI: | https://publications.ut-capitole.fr/id/eprint/48719 |
Available Versions of this Item
-
The political economy of financing climate policy – Evidence from the solar PV subsidy programs. (deposited 08 Apr 2022 08:14)
- The political economy of financing climate policy – Evidence from the solar PV subsidy programs. (deposited 16 Apr 2024 07:46) [Currently Displayed]
