Rent management and policy learning in green technology development

Meer over het boek

Shows that to avoid irreversible damage to global ecosystems, new "green" technologies are needed. Notes also that some of those are still far from commercial maturity, and that in such cases, governments may create temporary rents to make investments "artificially" attractive. Argues that the creation of such rents, however, involves risks of misallocation and political capture. Looks at rent management in the case of India's National Solar Mission. Shows that so far, the mission has been remarkably effective in triggering solar investments and keeping the necessary subsidies manageable through a process of competitive reverse bidding for tariffs. Moreover, demonstrates that policy design and implementation showed a good deal of experimentation and learning. Argues that some risks remain, especially regarding the enforceability of renewable energy quotas at the level of Indian states. On the whole, however, shows that first experiences indicate that "green rents" have been managed in a fairly effective way