The impact of subsidies on overcapacity: A comparison of wind and solar energy companies in China

被引：72

作者：

Zhang, Huiming ^{[1
,2
]}

Zheng, Yu ^{[3
]}

Ozturk, U. Aytun ^{[3
]}

Li, Shanjun ^{[4
]}

机构：

[1] Nanjing Univ Informat Sci & Technol, Collaborat Innovat Ctr Forecast & Evaluat Meteoro, Nanjing 210044, Jiangsu, Peoples R China

[2] Nanjing Univ Informat Sci & Technol, China Inst Mfg Dev, Nanjing 210044, Jiangsu, Peoples R China

[3] Nanjing Univ Informat Sci & Technol, Sch Econ & Management, Nanjing 210044, Jiangsu, Peoples R China

[4] Cornell Univ, Charles H Dyson Sch Appl Econ & Management, Ithaca, NY 14853 USA

来源：

ENERGY | 2016年 / 94卷

基金：

中国国家自然科学基金;

关键词：

Subsidy; Overcapacity; Renewable energy companies; Threshold regression; CAPACITY; GENERATOR;

D O I：

10.1016/j.energy.2015.11.054

中图分类号：

O414.1 [热力学];

学科分类号：

摘要：

Determining the level of subsidy is an important measure in addressing overcapacity in Chinese renewable energy enterprises. In this article, we employ a threshold regression model to analyze the impacts of government subsidies on the overcapacity of wind and solar energy companies. Our findings indicate the separate subsidy thresholds for solar and wind energy companies. The results reveal that even where the subsidy falls into a relatively effective interval, it will still intensify the risk of overcapacity in solar energy companies, but can help address overcapacity in the wind energy companies. The paper concludes that the level of subsidies should be unique for each industry, and suggests a prudent reform of the subsidy policy for the solar energy enterprises. (C) 2015 Elsevier Ltd. All rights reserved.

引用

页码：821 / 827

页数：7

共 32 条

[1]

[Anonymous], 2014, SUSTAIN ENERGY TECHN, DOI [10.1016/j.seta.2014.01.010, DOI 10.1016/J.SETA.2014.01.010]

[2] A method for allocating renewable energy source subsidies among final energy consumers [J].