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Electricity Certificate Scheme as an Incentive for Renewable Energy Development in Norway

Pan, David Wei; Nguyen, Linh Thuy
Master thesis
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https://hdl.handle.net/11250/2686886
Date
2020
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  • Master of Science [963]
Abstract
This study empirically examines the efficacy of the Electricity Certificate Scheme

to renewables energy development in Norway. We construct monthly electricity

production panel data from various renewable-based sources for Norway and

other European countries between 2004 and 2019. By employing the

difference-in-difference method, we find the real positive effect of the Electricity

Certificate Scheme on renewable-based electricity production on hydroelectricity

in Norway, which has been further reinforced by deploying synthetic control

methods in the European hydroelectricity production level. The real effect of the

Electricity Certificate Scheme on wind-based electricity production in Norway is

inconclusive. We therefore conclude that the Electricity Certificate Scheme has a

positive impact on certain types of renewables development in Norway.

Acknowledgements
Description
Masteroppgave(MSc) in Master of Science in Business, Economics - Handelshøyskolen BI, 2020
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Handelshøyskolen BI

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