A well-developed policy contains a closed loop with six major procedures: policy design, policy implementation, policy monitoring, policy assessment, policy feedback and policy amendment. In terms of renewable energy (RE) policy, five common criteria were identified to judge whether it is successful or not:
Effectiveness (extent to which the objectives are met).
Efficiency (innovation with decrease in costs).
Equity (fair distribution of the rents between RE developer and government).
Institutional feasibility (extent to which political support is provided to the policy).
Replicability (extent to which the policy can be adopted in other countries).Modelling of the energy policies requires system-wide analysis of the complexities posed by the new technologies being incorporated in the system. The complex interactions of variables affecting the decision-making process with possible alternatives must be determined for designing an effective policy.
From ‘A Critical Review of Sustainable Energy Policies for the Promotion of Renewable Energy Sources‘, MDPI