Renewable Energy Subsidies

Renewable energy subsidies are government incentives designed to promote the development and use of renewable resources like solar, wind, and hydro power. They can take various forms, such as tax credits, grants, or guaranteed payments, reducing the financial risk for companies and individuals investing in clean energy. These subsidies aim to make renewable technologies more affordable, encourage innovation, and help reduce reliance on fossil fuels, ultimately supporting climate goals and energy sustainability. While they can involve public funding, they help accelerate the transition to cleaner, renewable energy sources.