Rising oil prices, peak oil and climate change issues areshaping global energy agenda. Renewable energy has becomeaviable commercial option for power generation and fuelswitching in industry at most places.
Matching appropriate renewable energy technology withrequired energy services for specific industry –a challenge
Promoting renewable energy
Makes economic sense
Replaces fossil fuels and reduces GHG emissions
Enhances productivity and competitiveness
To address barriers to RE development,rightpolicies are needed for sending right signals toinvestors and markets for wide scale adoptionof RETs
Why do we need to promote right policies for Why do we need to promote right policies for renewable energy markets?renewable energy markets?
There are a number of barriers to Renewable EnergyThere are a number of barriers to Renewable EnergyDevelopment such asDevelopment such as-RETsRETsoften require higher upfront costs, and lack of information, technical manpower and markets further constrain their development
Also subsidies for conventional energy provide unfair disadvantage to RE since economic, social andenvironmental benefits of RE not taken into account
Although RET prices are decreasing through up scaling&technological evolution, but there is a need to create alevel play field –through appropriate policies andregulatory enabling framework
Renewable Energy Policy FrameworkRenewable Energy Policy Framework