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However, the empirical effects of auctions on renewable support have not yet been fully analysed.
These results highlight the need for more cross-border interconnection capacity, for greater coordination of European renewable support policies, and for renewable support mechanisms and electricity market designs providing locational incentives.
The results may help investors to make informed investment decisions and policy makers to strategically design renewable support and develop tailor-made incentive schemes.
This paper questions whether current renewable support schemes and electricity market designs are well-suited to host a significant amount of wind energy.
Moreover, a serious concern is the risk of a definitive fragmentation of the European electricity market due to uncoordinated national policy initiatives with respect to, for example, renewable support and capacity payments.
It is argued that the LCF is best understood as aimed at avoiding a political backlash against renewable support policy in a context where the benefits of such policy are concentrated economically and socially.
Similar(53)
Although Scotland produced 10% of the UK's electricity, it receives 28% of current renewables support.
Everywhere, the RPS is applied alongside other mechanisms of renewables support.
Recent policy changes, however, substantially downscaled UK renewables support, which is likely to shift the transition back to weaker reorientation.
He told the Guardian: "I don't think cutting back on renewable energy support is the right way to go.
The private sector likely will be implementing more climate friendly projects, incentivised by renewable energy support or its mirror image, decreasing fossil fuel subsidies.
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