Lessons from Central and Eastern Europe - Changes and Reasons of Renewable Energy Support Schemes

Varjú, Viktor (2021) Lessons from Central and Eastern Europe - Changes and Reasons of Renewable Energy Support Schemes. In: Geo-Information Technology in Earth Resources Monitoring and Management. Earth Sciences in the 21st Century . Nova Science Publishers, Inc., New York, pp. 309-326. ISBN 978-1-53619-669-6

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Abstract

In the EU2030 goal includes the increase of renewable energy share to at least of 32% of the EU's energy consumption. Renewables, especially photovoltaic energy investments and use became very popular in the last few years. New technologies and solution can contribute to an increasing development in renewable energy. However, there are policy factors that can influence this process. In order to achieve renewable goals governments started to support green electricity that caused huge boom in installed capacity in some central European countries. On the other hand, this increase causes negative effects, overuse of subsidies and the cut-back of supporting systems as states could not maintain this high level of support. Using the results of policy documents, development strategies, the author concludes by arguing that the key motivations of investing renewables are differs state by state, influenced by central government, but mainly depending on local stakeholders (mainly based on economic interests and using sustainability as a slogan, not reason). Based on the literature review and other researcher’s funding a balanced subsidy policy tool with three elements (Renewable Portfolio Standard, green certificate and feed-in tariff) can be a successful strategy.

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