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The Economics of Renewable Energy Promotion Policies: A Case of Wind Power in Brazil

The Economics of Renewable Energy Promotion Policies: A Case of Wind Power in Brazil

Govinda Timilsina
Copyright: © 2016 |Pages: 15
ISBN13: 9781522504405|ISBN10: 1522504400|EISBN13: 9781522504412
DOI: 10.4018/978-1-5225-0440-5.ch012
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MLA

Timilsina, Govinda. "The Economics of Renewable Energy Promotion Policies: A Case of Wind Power in Brazil." Handbook of Research on Green Economic Development Initiatives and Strategies, edited by M. Mustafa Erdoğdu, et al., IGI Global, 2016, pp. 270-284. https://doi.org/10.4018/978-1-5225-0440-5.ch012

APA

Timilsina, G. (2016). The Economics of Renewable Energy Promotion Policies: A Case of Wind Power in Brazil. In M. Erdoğdu, T. Arun, & I. Ahmad (Eds.), Handbook of Research on Green Economic Development Initiatives and Strategies (pp. 270-284). IGI Global. https://doi.org/10.4018/978-1-5225-0440-5.ch012

Chicago

Timilsina, Govinda. "The Economics of Renewable Energy Promotion Policies: A Case of Wind Power in Brazil." In Handbook of Research on Green Economic Development Initiatives and Strategies, edited by M. Mustafa Erdoğdu, Thankom Arun, and Imran Habib Ahmad, 270-284. Hershey, PA: IGI Global, 2016. https://doi.org/10.4018/978-1-5225-0440-5.ch012

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Abstract

Large-scale deployment of renewable energy technologies, such as wind power and solar energy, has been taking place in industrialized and developing economics mainly because of various fiscal and regulatory policies. An understanding of the economy-wide impacts of those policies is an important part of an overall analysis of them. Using a perfect foresight computable general equilibrium model, this study analyzes the economy-wide costs of achieving a 10 percent share of wind power in Brazil's electricity supply mix by 2030. The study finds that the expansion of wind power would increase GDP in Brazil. The study also finds that a production subsidy financed through increased value-added tax would be superior to a consumption mandate where electricity utilities are allowed to pass the increased electricity supply costs directly to consumers. These two policies would impact various production sectors differently to achieve the wind power expansion targets.

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