One of the objectives of the GREBE work package on Policy & Funding Mechanisms for renewable energy businesses is to ‘identify and promote opportunities for policy to provide an effective supporting framework for sustainable renewable energy (RE) business (both new and emerging)’.
This work package is a fundamental part of identifying the existing policies that already exist in each partner region and assessing how effective these policies have been throughout their life span. The main aim of this work package is to identify new initiatives that will promote RE entrepreneurship in each partner region and to ensure that further positive interventions continue to be made.
Action Renewables have published a summary report of the relevant policy initiatives and schemes in each of the partner regions. This report can be downloaded from the GREBE Project website here. This involved carrying out a comprehensive desktop review of the policy framework for all partner regions and collating and analysing information supplied by the project partners. This report will seek to examine the impact and influence of policy initiatives in terms of how they support business development for RE entrepreneurship, established businesses in the RE sector, and emerging micro-enterprises and SME’s looking to enter this market. The focus of the report is on entrepreneurial business activity which supports RE development, not incentives or obligations.
The RE sector is heavily influenced by and reliant on a supporting policy framework. It requires policy stimulation to enact behavioural change, to incentivise the increase of RE, to promote R&D in new technology adoption and to encourage investment. While all policies have broadly similar aims, the make-up of many of the initiatives and schemes are varied. This can be partly explained by the existence of different governance structures in each partner region.
Each partner has provided information on existing policies related to developing business opportunities in the RE sector. This information will help ensure the work package objectives can be carried out successfully. A SCOT (Strengths, Constraints, Opportunities and Threats) analysis has been carried out on each policy initiative so that policy barriers and facilitators for RE enterprises are clearly identified. The policies have been carefully categorised into the following:
- Emerging micro –enterprises & SME’s looking to enter the RE market
- Support business development for RE entrepreneurship
- Established businesses in the RE sector
Based on the analysis and further research Action Renewables has created a report analysing which policy initiatives have been successful and why. It is important to recognise that the effectiveness of policies can be difficult to assess. Many policies aim to accomplish broad conceptual goals that are subject to different interpretations and are difficult to quantify. Policy assessment can also be challenging as many of the targets set can be overly ambitious and hard to achieve. Variations in natural resources from region to region will also have an impact on making a comparative analysis. (Source: Boundless. “Policy Evaluation.” Boundless Political Science. Boundless, 17 Jun. 2016. Retrieved 22 Aug. 2016 from https://www.boundless.com/political-science/textbooks/boundless-political-science-textbook/domestic-policy-15/the-policy-making-process-95/policy-evaluation-517-6176/)
This report can be downloaded from the GREBE Project website