The political economy of financing climate policy - Evidence from the solar PV subsidy programs

被引：4
|
作者：
De Groote, Olivier [1 ]
Gautier, Axel [2 ,3 ]
Verboven, Frank [4 ,5 ]
机构：
[1] Univ Toulouse Capitole, Toulouse Sch Econ, Toulouse, France
[2] Univ Liege, HEC Liege, Liege, Belgium
[3] CESifo, Munich, Germany
[4] Katholieke Univ Leuven, Dept Econ, Louvain, Belgium
[5] CEPR, Palaiseau, France
来源：
RESOURCE AND ENERGY ECONOMICS | 2024年 / 77卷
关键词：
Financing climate policy; Photovoltaic systems; Retrospective voting; PHOTOVOLTAIC SELF-CONSUMPTION; ELECTRICAL ENERGY; SYSTEMS; ADOPTION; PROFITABILITY; INCENTIVES; TRANSFERS; COST;
D O I：
10.1016/j.reseneeco.2024.101436
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
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页数：23
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