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Author(s): |
Guixian Gao, College of Economic Management, HuaZhong Agricultural University, Wuhan 430070, China
Chien-Ming Lee, Institute of Natural Resource and Environmental Management, National Taipei University
Deyi Zhou, College of Economic Management, HuaZhong Agricultural University, Wuhan 430070, China |
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Abstract: |
The purpose of this paper is to compare the effectiveness among three kinds of RPS, capital grant and feed-in tariff (FIT) scheme. The results indicate: (1) The green certificate trading system is an effective market tool of cost-effective which can improve the renewable energy development;(2) higher feed-in tariff could improve the renewable energy development and the traditional firepower development simultaneously, and bring the equilibrium price of the green certification to decline; (3) A stricter regulatory ratio will decrease renewable energy capital accumulations.
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