A video archive of our AGI Seminar held online on Tuesday, September 19, 2023 is now available on YouTube.
Click the link below to watch the full video:
Theme: Renewable Energy Investments and Feed-in Tariffs: Firm-Level Evidence from Southeast Asia
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 boosts firms’ investment 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 compared with older and larger firms, respectively. Our empirical evidence has implications for policy makers in tailoring the design of new FITs to promote private sector investments in RE.
Language: English presentation and material
Presenter: Dr. Hai Le, Research Associate, Asian Development Bank Institute (ADBI)