TY - JOUR
T1 - Assessment of the feed-in tariff mechanism for renewable energies in Taiwan
AU - Huang, Yun Hsun
AU - Wu, Jung Hua
N1 - Funding Information:
The authors would like to thank the National Science Council of the Republic of China, Taiwan , for financially supporting this research under Contract No. NSC-99-2410-H-006-127 -. We also acknowledge the constructive comments and suggestions made by anonymous reviewers. Ted Knoy is appreciated for his editorial assistance. We also want to express our gratitude to Dr. David Jacobs (Renewable Energy Director, IFOK GmbH) since we obtained assistance from him in revising the paper.
PY - 2011/12
Y1 - 2011/12
N2 - Due to Taiwan's lack of natural resources, dependence on imported energy, and pursuit of sustainable development, renewable energies are extremely important for Taiwan's future energy supply. Since Taiwan's feed-in tariff (FIT) is still in its initial stage, one must examine whether the current system is compatible with a well-designed FIT scheme. This study examines the main features of Taiwan's FIT system and assesses design options using several criteria. Additionally, one of the most important elements of a FIT scheme, namely, a tariff system, is discussed. Taiwan's FIT scheme has the design options required by well-functioning FITs, and the guaranteed-return tariff system coincides with the spirit underlying leading global FITs; however, many issues, such as setting goals by stages, refinement of the tariff calculation methodology, and elimination of other non-economic barriers, must be addressed to achieve future developmental goals and green industry growth.
AB - Due to Taiwan's lack of natural resources, dependence on imported energy, and pursuit of sustainable development, renewable energies are extremely important for Taiwan's future energy supply. Since Taiwan's feed-in tariff (FIT) is still in its initial stage, one must examine whether the current system is compatible with a well-designed FIT scheme. This study examines the main features of Taiwan's FIT system and assesses design options using several criteria. Additionally, one of the most important elements of a FIT scheme, namely, a tariff system, is discussed. Taiwan's FIT scheme has the design options required by well-functioning FITs, and the guaranteed-return tariff system coincides with the spirit underlying leading global FITs; however, many issues, such as setting goals by stages, refinement of the tariff calculation methodology, and elimination of other non-economic barriers, must be addressed to achieve future developmental goals and green industry growth.
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U2 - 10.1016/j.enpol.2011.10.005
DO - 10.1016/j.enpol.2011.10.005
M3 - Article
AN - SCOPUS:80855143708
SN - 0301-4215
VL - 39
SP - 8106
EP - 8115
JO - Energy Policy
JF - Energy Policy
IS - 12
ER -
