caa a22 4500 606170693 CHVBK 20210128100718.0 cr unu---uuuuu 210128e20150201xx s 000 0 eng 10.1007/s10098-014-0800-1 doi (NATIONALLICENCE)springer-10.1007/s10098-014-0800-1 Assessing the implications of EU subsidy policy on renewable energy in Czech Republic [Elektronische Daten] [Josef Maroušek, Simona Hašková, Robert Zeman, Jan Váchal, Radka Vaníčková] Overall effectiveness of the subsidy policy applied by the EU in the area of renewable energy in the first decade of the 21st century was assessed. The case study involved three renewable energy sources who received the subsidies. The detailed analysis of economic efficiency presented here was built on real cash flows data and holistic assessment of the externalities. The applied criteria of financial efficiency were as follows: the simple payback period, rate of return and net present value. Based on the results of the last given criterion the newly proposed indicator of effective subsidy policy was constructed. Its contribution lies in the fact that it allows to formulate recommendations regarding the effective management of subsidies to the maximum possible extent in the case of a limited amount of resources. In addition, this indicator assesses the effectiveness of the subsidy policy of projects of this kind more accurately than methods used so far. Finally, it is recommended rather to prevent failures of the market, in order to completely abolish the subsidies. Springer-Verlag Berlin Heidelberg, 2014 Renewable energy nationallicence Economic efficiency nationallicence Subsidy policy nationallicence Financial analysis nationallicence Maroušek Josef The Institute of Technology and Businesses in České Budějovice, Okružní 517/10, 370 01, České Budějovice, Czech Republic aut Hašková Simona The Institute of Technology and Businesses in České Budějovice, Okružní 517/10, 370 01, České Budějovice, Czech Republic aut Zeman Robert The Institute of Technology and Businesses in České Budějovice, Okružní 517/10, 370 01, České Budějovice, Czech Republic aut Váchal Jan The Institute of Technology and Businesses in České Budějovice, Okružní 517/10, 370 01, České Budějovice, Czech Republic aut Vaníčková Radka The Institute of Technology and Businesses in České Budějovice, Okružní 517/10, 370 01, České Budějovice, Czech Republic aut Clean Technologies and Environmental Policy Springer Berlin Heidelberg 17/2(2015-02-01), 549-554 1618-954X 17:2<549 2015 17 10098 https://doi.org/10.1007/s10098-014-0800-1 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10098-014-0800-1 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Maroušek Josef The Institute of Technology and Businesses in České Budějovice, Okružní 517/10, 370 01, České Budějovice, Czech Republic aut NATIONALLICENCE 700 1- Hašková Simona The Institute of Technology and Businesses in České Budějovice, Okružní 517/10, 370 01, České Budějovice, Czech Republic aut NATIONALLICENCE 700 1- Zeman Robert The Institute of Technology and Businesses in České Budějovice, Okružní 517/10, 370 01, České Budějovice, Czech Republic aut NATIONALLICENCE 700 1- Váchal Jan The Institute of Technology and Businesses in České Budějovice, Okružní 517/10, 370 01, České Budějovice, Czech Republic aut NATIONALLICENCE 700 1- Vaníčková Radka The Institute of Technology and Businesses in České Budějovice, Okružní 517/10, 370 01, České Budějovice, Czech Republic aut NATIONALLICENCE 773 0- Clean Technologies and Environmental Policy Springer Berlin Heidelberg 17/2(2015-02-01), 549-554 1618-954X 17:2<549 2015 17 10098