Abstract
The article deals with the study of support schemes for renewable energy promotion in the European Union member states. The main strategic documents that declare short-term and long-term goals to increase the share of green energy in final energy consumption of the European Union are considered. The primary motivational mechanisms aimed at encouraging the production of energy from renewable energy sources, namely feed-in tariff models, feed-in premium model, and tradable green certificate scheme are analyzed. In addition, a number of secondary motivational tools such as tender systems, net metering, tax and customs privileges which are used in combination with the primary mechanisms for more effective promotion of renewable energy are described. The results of the influence of policy in renewable energy field on increasing the share of green energy in the total energy mixes of European Union member states are presented.
Highlights
The article deals with the study of support schemes for renewable energy promotion in the European Union member states
The main strategic documents that declare short-term and long-term goals to increase the share of green energy in final energy consumption of the European Union are considered
The primary motivational mechanisms aimed at encouraging the production of energy from renewable energy sources, namely feed-in tariff models, feed-in premium model, and tradable green certificate scheme are analyzed
Summary
Sumy State University, International Economic Relations Department, Sumy, Ukraine. Kherson Economy and Law Institute, Department of Finance and Credit, Kherson, Ukraine. Renewable energy in the European Union: support policy and outcomes. The article deals with the study of support schemes for renewable energy promotion in the European Union member states. The results of the influence of policy in renewable energy field on increasing the share of green energy in the total energy mixes of European Union member states are presented. Agency forecasts, global demand for energy will increase up is to study motivational mechanisms aimed at promoting to 56% by 2040 [i]. Such forecasts are challenges for a RE in the EU and their impact on RE plants deployment. Number of countries, including member states of the European Union (EU), and create conditions to find new Theoretical foundations ways in order to meet growing demand
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