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Climate Policy - Coggle Diagram
Climate Policy
offshore wind case
high risk, the market was immature in the beginning, not competitive, needed a big push
policy strategy: ambitious long term targets, scaling up from 2020 to 2030-> these big targets were primary engine for R&D
LTT were creating market, giving security to innovators
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instruments need to work together (financing, grid connection etc.): it does not help to have a great permit if you don't have enough financing
mix was comprehensive but not consistent: Grid connection law (government laws often coming from different departments worked against each other). no same deadlines for the grid building
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ripple effect LTT also created massive uncertainties affecting R&D
Drop off in orders for turbine makers => investments in R&D werre slowed down
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policy mix
Policy stretegy (overall commitments, goal, targets)
instrument mix (fit, subsidy)
characterisitc of the mix (credibility, effectiveness)
credibility: buffer against failure of consistency; firms continued some level of R&D, the overall political will was perceived as very credible (off shore wind example), actors were willing to invest at least some beginning capital
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