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The Political Economy of Financing Climate Policy
Olivier De Groote
Axel Gautier
Frank Verboven
其他書名
Evidence from the Solar PV Subsidy Programs
出版
Centre for Economic Policy Research
, 2022
URL
http://books.google.com.hk/books?id=cGQqzwEACAAJ&hl=&source=gbs_api
註釋
We analyze the political impact of a generous solar panel subsidization program. Subsidies far exceeded their social benefit and were partly financed by new taxes to adopters and by electricity surcharges to all consumers. We use local panel data from Belgium and find a decrease in votes for government parties in municipalities with high adoption rates. This shows that the voters' punishment for a costly policy exceeded a potential reward by adopters who received the generous subsidies. Further analysis indicates that punishment mainly comes from non-adopters, who change their vote towards anti-establishment parties.
