MAROUŠEK, Josef, Simona HAŠKOVÁ, Robert ZEMAN, Jan VÁCHAL and Radka VANÍČKOVÁ. Assessing the implications of EU subsidy policy on renewable energy in Czech Republic. Clean Technologies and Environmental Policy. New York: Springer, 2015, vol. 17, No 2, p. 549-554. ISSN 1618-954X.
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Basic information
Original name Assessing the implications of EU subsidy policy on renewable energy in Czech Republic
Name in Czech Posouzení dopadů dotační politiky EU na obnovitelné zdroje v ČR
Authors MAROUŠEK, Josef (203 Czech Republic, guarantor, belonging to the institution), Simona HAŠKOVÁ (203 Czech Republic, belonging to the institution), Robert ZEMAN (203 Czech Republic, belonging to the institution), Jan VÁCHAL (203 Czech Republic, belonging to the institution) and Radka VANÍČKOVÁ (203 Czech Republic, belonging to the institution).
Edition Clean Technologies and Environmental Policy, New York, Springer, 2015, 1618-954X.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50200 5.2 Economics and Business
Country of publisher United States of America
Confidentiality degree is not subject to a state or trade secret
RIV identification code RIV/75081431:_____/15:00000468
Organization unit Institute of Technology and Business in České Budějovice
UT WoS 000349853500023
Keywords (in Czech) obnovitelné energie; ekonomická efektivita; dotační politika; finanční analýz
Keywords in English Economic efficiency; Financial analysis; Renewable energy; Subsidy policy
Tags IF, KEM4, PCM, PRJ_E2, RIV15
Tags International impact, Reviewed
Changed by Changed by: Mgr. Václav Karas, učo 10752. Changed: 16/2/2016 15:13.
Abstract
Overall effectiveness of the subsidy policy applied by the EU in the area of renewable energy in the first decade of the 21st century was assessed. The case study involved three renewable energy sources who received the subsidies. The detailed analysis of economic efficiency presented here was built on real cash flows data and holistic assessment of the externalities. The applied criteria of financial efficiency were as follows: the simple payback period, rate of return and net present value. Based on the results of the last given criterion the newly proposed indicator of effective subsidy policy was constructed. Its contribution lies in the fact that it allows to formulate recommendations regarding the effective management of subsidies to the maximum possible extent in the case of a limited amount of resources. In addition, this indicator assesses the effectiveness of the subsidy policy of projects of this kind more accurately than methods used so far. Finally, it is recommended rather to prevent failures of the market, in order to completely abolish the subsidies.
Abstract (in Czech)
Byla posouzena efektivita dotační politiky EU na obnovitelné zdroje v EU. Případová studie analyzovala 3 případy. Je prezentována detailní ekonomická analýza, která vycházela z provozních dat (očištěný cash flow). Na základě výsledků byl navržen nový indikátor efektivity dotace. Závěrem je však doporučeno raději předcházet chybám trhu, aby nemusely být dotace zaváděny.
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