The design and sustainability of renewable energy incentives

Several factors—including the growing demand for energy to fuel economic development, the need to diversify into environmentally sustainable supply sources and ensure energy security, and climate change considerations—have contributed to a need for accelerating public and private investment in renewable energy (RE). Many countries have designed incentive structures to induce private investment in renewables, especially those that involve higher or incremental costs. There remains much debate, however, on the cost-effectiveness—from an economic and financial perspective—of various incentives to promote renewables around the world, and on how to best address issues related to regulatory design and affordability.
[Washington, DC: 2014]

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