Renewable Energy Act

The Renewable Energy Act is legislation designed to promote the development and use of renewable energy sources like wind, solar, hydro, and biomass. It encourages investments in clean energy by providing incentives, such as tax breaks or guaranteed electricity prices, to reduce reliance on fossil fuels. The goal is to lower greenhouse gas emissions, ensure sustainable energy supply, and support economic growth through green technologies. Overall, it creates a framework to make renewable energy more accessible and financially viable, helping to address climate change and transition to a more sustainable energy system.