Renewable Energy In Multiple Crises: Tax Incentives In Turkey And Beyond

Authors : Faiq IDRISOV

Pages : 10-20

View : 9 | Download : 11

Publication Date : 2024-12-31

Article Type : Research Paper

Abstract :During multiple crises, achieving and sustaining economic growth in both developed and developing countries has been a primary objective of economic policies. At this point, the availability of new energy resources has become extremely important for the growth objective. Therefore, the use of renewable energy resources in achieving growth is an important alternative not only in terms of reducing the external costs caused by traditional energy resources, but also in diversifying energy investments for growth. However, the high cost of new technologies and installation for renewable energy is a major challenge. In order to minimize these problems, various tax incentives are provided by governments to reduce the costs of renewable energy and to expand its use. In this study, tax incentives for renewable energy in some selected countries of the world and in Turkey are compared, deficiencies and problems in the current situation are revealed and solutions are proposed.
Keywords : Energy, Renewable Energy, Tax, Incentive