Renewable investments: The impact of green policies in developing and developed countries

In this paper we explain the effectiveness of green policies on the basis of development stage of countries. The analysis conducted on developing and developed countries in the time span 2004-2011, following a two-step approach: in the first step, we consider the green policy sectors (regulatory policies, fiscal incentives, and public investments) while in the second step we analyze individually the policies adopted by countries. Results confirm that not all policies promote the investments in Renewable sources and their effectiveness depend by the stage of development of the countries.