This paper analyzes the roles of policies and preferences in national adoption of solar and wind energy technologies. Use cross-sectional and panel regressions for both the European Union and a broader international sample. Find that countries that price carbon emissions have gone on to adopt more solar and wind energy.
For more than two decades, the European Union (EU) has been at the forefront of global renewable energy deployment. This preview for policy makers outlines the EU’s potential to meet increasingly ambitious renewable energy targets.