Tax Incentives for Renewable Energy: the European experience

Abstract

Most countries in Europe have started using renewable energy source for electricity over decades now even though it's not investment friendly. That is why most countries have introduced different types of measures or mechanism to support investors and household consumer who are interested in using these polluted free renewable energy source. Recently, Russia was among the countries that signed the Paris Agreement contract and are hoping to execute their part in reducing the emissions greenhouse gas in the country even though Russians are oil producing country and most of the energy come from this. The article analyzes the mechanisms of tax incentives for renewable energy and energy efficiency currently used in European countries. Also the possibilities of investing in in research studies pertaining to energy. The article also analyse the reason for stimulating demand for electricity companies for energy-efficient equipment. Conclusions were made about disseminating their experience for effectiveness and ability for adaption in Russia.