Linnerud, Kristin; Andersson, Ane Marte; Fleten, Stein-Erik - In: Energy 78 (2014) C, pp. 154-164
Policy uncertainty can be a powerful deterrent to immediate investments. Based on panel data of 214 licenses to construct small run-of-the-river hydropower plants, we examine whether the prospect of a common Swedish–Norwegian market for green certificates (i.e., a renewable portfolio standard...