Akademik Veri Yönetim Sistemi
International Social Sciences Studies Journal, cilt.17, sa.88, ss.4199-4216, 2021 (Hakemli Dergi)
| Increasing industrialization, technological developments and urbanization, which are the most important drivers of economic growth require much more energy utilization. In order to ensure energy supply security and to mitigate the Greenhouse Gas (GHG) emissions, there has been a trend towards renewable energy sources in the world. Hence, many incentive instruments and subsidies are being started to be ensured by the states for the promotion of renewable energy, which is an important factor in terms of sustainable development and environmental transformation. European Union (EU) countries have so far consumed 80 % of the total amount of fossil fuel and have emitted 67.5 % of the total CO2 emissions globally. For this reason, EU countries have very ambitious renewable energy policies, since they want to be at the leading position in research, development, and consumption of renewables in the world. Turkey, which has a high dependence on imported energy sources, aims to increase the share of renewable sources in electricity generation to at least 30 % by 2023. In this study, based on the literature survey, the effectiveness of the incentive policies such as feed-in tariff, grants and subsidies, loans, taxes etc. in renewable energy deployment in EU and Turkey is examined. Among the others FITs, tax incentives, tradable green certificates, strategic planning, and R&D incentives are the most effective RE deployment mechanisms in RE sector. On the contrary, loans, subsidies, public policy supports, and quota found to be ineffective in stimulating the RE capacity. |