Economics Renewable Energy Economics Questions
The role of government in promoting renewable energy is to create and implement policies, regulations, and incentives that encourage the development, adoption, and use of renewable energy sources. This can include providing financial support through subsidies, grants, and tax incentives, setting renewable energy targets and standards, conducting research and development, promoting renewable energy education and awareness, and facilitating the integration of renewable energy into the existing energy infrastructure. Additionally, governments can play a crucial role in fostering international cooperation and collaboration to address global energy challenges and promote the transition to a sustainable and low-carbon economy.