Enhancing renewable and sustainable energy development based on an options-based policy evaluation framework: Case study of wind energy technology in Taiwan

Shun Chung Lee, Li Hsing Shih

研究成果: Review article同行評審

28 引文 斯高帕斯(Scopus)

摘要

Global warming and climate change have shifted the focus of industrial development towards low-carbon renewable energy (RE), as evidence by global efforts to develop RE-based sustainable energy policies. However, the generally cost-ineffective nature of RE investments explains continued governmental subsidies and draft assistance measures to encourage related industrial development, reduce research and development (R&D) costs, and increase innovativeness. Besides measures to accelerate supply and reduced demand for energy, sustainable energy policies must enact thoroughly planned legal and regulatory mechanisms. Notable examples of establishing a legal basis for a low-carbon society in Taiwan include the Energy Management Act, Renewable Energy Development Bill, Greenhouse Gas Reduction Act (Draft), and Energy Tax Act (Draft). However, such legislative efforts occasionally conflict or compete with each other, warranting further integration. Additionally, RE technologies are characterized by high R&D costs, long-term planning, and high investment risks. Therefore, based on global trends in wind power development and related policy planning, this study analyzes the feasibility of implementing management strategies in the development process and the correlations between such strategies. Additionally, the achievements, polices, functions, mechanisms, promotion measures, and future plans for related renewable and sustainable energy laws in Taiwan is thoroughly reviewed. An options-based policy evaluation framework is also constructed based on governmental administrative considerations. Moreover, the characteristics of options that lead to unforeseen circumstances during the planning of RE development policies are discussed, allowing us to derive real-time response measures with a decision-making value. Results of this study provide a valuable reference for governmental efforts to evaluate the merits and limitations of related policies concisely, ultimately facilitating the formulation of RE development policies.

原文English
頁(從 - 到)2185-2198
頁數14
期刊Renewable and Sustainable Energy Reviews
15
發行號5
DOIs
出版狀態Published - 2011 六月

All Science Journal Classification (ASJC) codes

  • 可再生能源、永續發展與環境

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