Rogge, Karoline S and Dütschke, Elisabeth (2018) What makes them believe in the low-carbon energy transition? Exploring corporate perceptions of the credibility of climate policy mixes. Environmental Science & Policy, 87. pp. 74-84. ISSN 1462-9011
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Abstract
The credibility of climate policy has been identified as paramount factor for low-carbon investment and innovation and is thus key to achieving the decarbonization objectives set out in the Paris Agreement. Yet, despite its importance, we have only limited insights at present into how such policy credibility is formed. To address this gap, we explore whether and to what extent corporate perceptions of policy credibility depend on the current policy mix. We draw on the case of the German Energiewende and rely on data collected in 2014 in a survey of German manufacturers of renewable power generation technologies. We analyzed the answers of 390 companies using a linear regression model and found that corporate perceptions of policy credibility are mainly shaped by two characteristics of the policy mix: the coherence of policymaking and implementa-tion, and the consistency of the policy mix. Changes in the design of the core demand-pull instrument (in Germany, the Renewable Energy Sources Act, EEG) and the nucle-ar phase-out policy are also important as are Germany’s targets for the expansion of renewable energies. These insights enable us to derive broader policy and research implications concerning climate policy credibility.
Item Type: | Article |
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Keywords: | policy mix, credibility, consistency, coherence, comprehensiveness, energy transition |
Schools and Departments: | University of Sussex Business School > SPRU - Science Policy Research Unit |
Subjects: | G Geography. Anthropology. Recreation > GE Environmental Sciences > GE170 Environmental policy J Political Science > JN Political institutions (Europe) > JN3201 Germany T Technology > T Technology (General) > T0173.2 Technological change |
Depositing User: | Karoline Rogge |
Date Deposited: | 07 Jun 2018 09:07 |
Last Modified: | 02 Jul 2019 15:32 |
URI: | http://sro.sussex.ac.uk/id/eprint/76375 |
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📧 Request an updateProject Name | Sussex Project Number | Funder | Funder Ref |
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Research Centre on Innovation and Energy Demand | G1020 | RCUK-RESEARCH COUNCILS UK | EP/K011790/1 |
Smart Energy Transition | Unset | Strategic Research Council at the Academy of Finland | 293405 |