Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/296793 
Year of Publication: 
2023
Series/Report no.: 
ADBI Working Paper No. 1400
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
This study examines the impact of feed-in tariffs (FITs) on promoting investments in renewable energy (RE) in Southeast Asia. Using a unique annual firm-level dataset from six Southeast Asian economies from 2012 to 2021, we find robust evidence that FITs in Southeast Asian economies substantially boost firms' investments in RE. Moreover, the impact of FITs on RE investments varies across RE technologies. We find significant and positive impacts of a solar FIT on promoting investments in RE, but such impacts are insignificant for FITs on other RE technologies including wind and biomass, geothermal, and hydro technologies. Further, the impact of FITs on RE investment is more pronounced among younger and smaller firms than in older and larger firms. Our empirical evidence has implications for policymakers in tailoring the design of new FITs to promote private sector investments in RE.
Subjects: 
renewable energy
feed-in tariff
green investment
Southeast Asia
firm level
JEL: 
Q20
Q28
Q53
Q58
Q42
G32
G38
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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