International Experience of Renewable Energy Encouragement (Experience of Germany and Austria)
The main aim of the research is to analyze the regulatory support of incentive mechanisms and instruments for development of renewable energy in Germany and Austria. It was revealed that the framework and complex programs regarding renewable energy encouragement are the key elements of fossil fuel consuming reduction and transition to the alternative renewable sources. The mentioned programs include feed-in tariffs, tax incentives, low-interest loans, subsidies, investments and long-term strategies implementation. In research the great attention was paid to solar, wind, geothermal and solar thermal energy, hydro energy and bio-energy.
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