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Energy Systems
Published in: Energy Systems 3/2016

01-08-2016 | Original Paper

Probabilities to adopt feed in tariff by OPEC countries using a panel probit model

Authors: Antonio Angelo Romano, Giuseppe Scandurra, Alfonso Carfora

Published in: Energy Systems | Issue 3/2016

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Abstract

In this paper we analyze the factors behind the adoption of feed-in-tariff and predict the probabilities that OPEC members adopt this policy incentive in the next years in order to promote the investments in renewable energy sources and reduce the environmental impact of the energy sector. We estimate a panel probit model to a set of 60 countries using annual data covering the period 1980–2008. We employ the binary time series of adoption of the feed-in-tariff as outcome variable and control for a set of economics, environmental and generation factors. Results demonstrate that all the factors are relevant to predict the probabilities and, furthermore, in most of the OPEC members the probabilities to adopt the feed-in-tariff are increasing over the time.
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Footnotes
1
With fallout from the Fukushima nuclear crisis still unfolding, the image of nuclear power has been sullied. Countries like Germany are transitioning from nuclear to other sources, like wind or solar.
 
2
FiT and RPS are only two of the many kinds of financial incentives that are currently adopted for supporting RES, and many of those are directly affected by the wealth of countries, of which we have detailed information. A brief overview of the main policy instruments being used to promote RES can be found in a recent report by the United Nations Environment Programme [8].
 
3
However, these aspects are included in the unobserved specific effects of the model proposed.
 
4
This assumption means that the conditional probability \(P_{t}\) cannot depend on contemporaneous values of the components of the vector of explanatory variables.
 
5
Moreover our empirical results are robust to the use of any alternative twice continuously differentiable cumulative distribution function.
 
6
R routines are available from the authors upon request.
 
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Metadata
Title
Probabilities to adopt feed in tariff by OPEC countries using a panel probit model
Authors
Antonio Angelo Romano
Giuseppe Scandurra
Alfonso Carfora
Publication date
01-08-2016
Publisher
Springer Berlin Heidelberg
Published in
Energy Systems / Issue 3/2016
Print ISSN: 1868-3967
Electronic ISSN: 1868-3975
DOI
https://doi.org/10.1007/s12667-015-0173-5

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