University of Groningen
Imperfect information and incentives for renewable energy Hulshof, Daan
DOI:
10.33612/diss.166887859
IMPORTANT NOTE: You are advised to consult the publisher's version (publisher's PDF) if you wish to cite from it. Please check the document version below.
Document Version
Publisher's PDF, also known as Version of record
Publication date: 2021
Link to publication in University of Groningen/UMCG research database
Citation for published version (APA):
Hulshof, D. (2021). Imperfect information and incentives for renewable energy. University of Groningen, SOM research school. https://doi.org/10.33612/diss.166887859
Copyright
Other than for strictly personal use, it is not permitted to download or to forward/distribute the text or part of it without the consent of the author(s) and/or copyright holder(s), unless the work is under an open content license (like Creative Commons).
Take-down policy
If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim.
Downloaded from the University of Groningen/UMCG research database (Pure): http://www.rug.nl/research/portal. For technical reasons the number of authors shown on this cover page is limited to 10 maximum.
1. The average consumer is willing to contribute financially to realising lower emissions (Chapter 2).
2. Consumer willingness-to-pay for lower emissions is currently not fully expressed in market transactions due to widespread information asymmetry regarding goods' environmental impact (Chapter 2 and Chapter 4).
3. Policy measures that reduce information asymmetry regarding emissions, e.g. carefully-designed renewable-energy certificates, should be considered as key instruments for reducing emissions (Chapter 2).
4. Markets for European renewable energy certificates are currently not functioning properly (Chapter 4).
5. Firms are only willing to contribute to lower emissions through using renewable energy when this is aligned with their objective of maximising profit (Chapter 3).
6. Despite improvements in the past two decades, the Dutch subsidy scheme for renewable energy still provides considerable windfall profits to investors, and these investors are highly successful in seeking out the projects that yield the highest windfall profits (Chapter 5).
7. Climate policy in the Netherlands should reduce CO2 emissions more efficiently, for instance by avoiding combining multiple policy measures aimed at the same target (as seen in e.g. the electricity sector where the EU ETS, feed-in subsidies, net metering,
electricity-consumption taxes, and forced closure of coal-fired power plants all target lower emissions).
8. More stringent climate policy is required in order to achieve EU targets for CO2 emission reductions.
9. To promote a better understanding and the appreciation of
economic theory, economists should stress that utility maximisation does better at reflecting the outcomes than the process of consumer decision-making.
10. The strong degradation of the quality of the table-soccer table in the Duisenberg building in the period 2016-2017 has contributed to the timely delivery of this thesis.
