Clean Energy Research:renewable energy policy instruments

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renewable energy policy instruments

renewable energy policy instruments
Definition (en) Means by which policy objectives in the name of promoting clean energy are pursued. Five types of clean energy policy instruments are implementable: regulations and standards, quantity instruments, price instruments, public procurement and auctions. Modern political instruments for clean energy policy are increasingly market based instruments, such as taxes and tax relieves, subsidies, regulations, labels and emission trading concepts.
Explanation (en)

Taxation is a compulsory or coercive money collection by a levying authority, usually a government. The purpose of taxation is to collect income to finance the duties of the public sector. Taxation balances income and consumption, aims to regulate consumption and production by taking account of the environment, and to reduce the consumption of goods that are hazardous to health.

Subsidies Money paid, usually by government to keep prices below what they would be in a free market, or to keep alive businesses that would otherwise go bust, or to make activities happen that otherwise would not take place. Subsidies can be a form of protectionism by making domestic goods and services artificially competitive against imports. By distorting markets, they can impose large economic costs.

Feed-in tariff is the price per unit of electricity that a utility or supplier has to pay for renewable electricity from private generators.

Green certificates represent the environmental attributes of power produced from renewable resources. Also known as green tags, renewable energy certificates, or tradable renewable certificates. By separating the environmental attributes from the power, clean power generators are able to sell the electricity they produce to power providers at a competitive market value. The additional revenue generated by the sale of the green certificates covers the above-market costs associated with producing power made from renewable energy sources.

Standardisation means creating joint modus operandi and making actors conform to it. Products are then tagged with the standard. Aims to help consumers, companies and officials. Products are more compatible with each other, environment is taken into account, consumers are more protected and international trade is aided.


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Lähdeviittaus tähän sivuun:
Tieteen termipankki 24.6.2021: Clean Energy Research:renewable energy policy instruments. (Tarkka osoite: Energy Research:renewable energy policy instruments.)

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