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  4. What makes them believe in the low-carbon energy transition? Exploring corporate perceptions of the credibility of climate policy mixes
 
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2018
Journal Article
Title

What makes them believe in the low-carbon energy transition? Exploring corporate perceptions of the credibility of climate policy mixes

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 implementation, 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 nuclear 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.
Author(s)
Rogge, Karoline  
Fraunhofer-Institut für System- und Innovationsforschung ISI  
Dütschke, Elisabeth  orcid-logo
Fraunhofer-Institut für System- und Innovationsforschung ISI  
Journal
Environmental science & policy  
Open Access
File(s)
Download (291.68 KB)
Rights
CC BY 4.0: Creative Commons Attribution
DOI
10.24406/publica-r-253224
10.1016/j.envsci.2018.05.009
Language
English
Fraunhofer-Institut für System- und Innovationsforschung ISI  
Keyword(s)
  • policy mix

  • credibility

  • consistency

  • coherence

  • comprehensiveness

  • energy transition

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