ABSTRACT

Feed-in- Tariffs (FIT) policies are used by many developed and developing countries globally as a mechanism to promote renewable energy (RE) development. This study analyses the effectiveness of FIT policy in the deployment of RE, drivers and challenges of the FIT policy in Kenya. In this study, qualitative data analysis adopts a thematic analysis approach whereby common themes are identified.

As an industry intensively using fossil fuel, the power sector is naturally a focus of efforts to slow climate change. In March 2015, China started the third round of power sector reform with the announcement of “Opinions on Further Deepening Power Sector Reform” (referred as the No. 9 Document), trying to promote competition, strengthen regulation and, importantly, achieve green development. But did the reform really achieve its expected goals?

Energy prices (for fuel and electricity) and energy price volatility impact wine prices. In the long run, we find a clear link between fuel and wine prices, implying that the two markets positively influence each other to the extent that a change in fuel prices influences wine prices. In the short run, we find that past volatility from wine prices as well as shocks from other markets, i.e., fuel and electricity, influence the current wine prices.