Evaluating Japanese policy instruments for the promotion of renewable energy sources

Abstract

In Japan the Renewable Portfolio Standard (RPS) and the Feed-in-Tariff (FIT) have been used for the exploitation of renewable energy sources (RES). Although these are significant to enhance the use of RES, the RES penetration is not reaching the expected percentage. The identification of their strengths/weaknesses will allow their improvement for achieving the target. This paper concerns the evaluation of RPS and FIT using a multi-criteria evaluation method. First, official data/information were used to assess their performance using the method. Second, national experts were asked about their performance to verify the outcomes. We found FIT was more effective than RPS.

Keywords: renewable energy; Renewable Portfolio Standard; Feed-in-Tariff; multi-criteria evaluation; climate policy