The International Renewable Energy Agency (IRENA) has published a brief highlighting criteria policymakers can use to conduct policy evaluations and offering advise on policy design.
It also offers five conclusions relating to policy design.
The brief was published in collaboration with the International Institute for Sustainable Development (IISD).
31 October 2012: The International Renewable Energy Agency (IRENA), working with the International Institute for Sustainable Development (IISD), has published a policy brief titled “Evaluating Policies in Support of the Deployment of Renewable Power.” The brief offers key lessons to policymakers on renewable energy policy evaluation.
The brief highlights five criteria policymakers should use in conducting renewable energy policy evaluations: effectiveness; efficiency; equity; institutional feasibility; and replicability. It notes the importance of establishing measurable indicators for each criterion.
The brief also offers five conclusions relating to policy design, specifically that: effective support must be comprehensive, sustained and set against a background of firm but plausible targets, and should minimize investment risks; there needs to be a balance between the stability of investor confidence and adaptability, specifically regarding changing circumstances on the ground and in the sector, as well as in response to market signals; policy design can foster impacts on energy equity; it is important to assess institutional feasibility to better inform policy choices, especially given varied global institutional capacities; and evaluating replicability can help tailor policies to specific country conditions. [Publication: Evaluating Policies in Support of the Deployment of Renewable Power]