Tax policy analysis and design for energy storage

What are energy storage policies?

These policies are mostly concentrated around battery storage system, which is considered to be the fastest growing energy storage technology due to its efficiency, flexibility and rapidly decreasing cost. ESS policies are primarily found in regions with highly developed economies, that have advanced knowledge and expertise in the sector.

What are energy storage policy tools?

In general, policies are designed to establish boundaries and provide regulatory guidelines. According to the Energy Storage Association (ESA), the policy tools fall under three categories which are value, access and competition .

How do ESS policies promote energy storage?

ESS policies mostly promote energy storage by providing incentives, soft loans, targets and a level playing field. Nevertheless, a relatively small number of countries around the world have implemented the ESS policies.

Can green tax policy contribute to energy production transformation in China?

Overall, green tax policy can effectively contribute to the energy production transformation in China. However, from the heterogeneity perspective, significant differences exist in different regions affected by green tax policy.

What are the three types of energy storage policy tools?

According to the Energy Storage Association (ESA), the policy tools fall under three categories which are value, access and competition . The policy should increase the value of ESS by establishing deployment targets, incentive programs and creating markets for it.

Does green tax policy affect energy transformation?

The results show that the effect of green tax policy on energy transformation is nonlinear. From the perspective of energy consumption, green tax policy positively affects energy consumption transformation, but this positive effect diminishes as GTI increases.