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Renewable Energy Policies

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Renewable Fuel Standard (RFS)

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Obligates a certain volume of transportation fuel comes from renewable, sustainable sources like biofuels. This reduces reliance on fossil fuels and lowers transportation-related emissions.

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Clean Energy Standard (CES)

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A federal policy approach to reducing greenhouse gas emissions by setting a minimum requirement for clean energy in the power sector. It incentivizes low and zero-carbon energy sources.

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Electric Vehicle (EV) Incentives

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Incentives such as tax credits, rebates, and grants offered to buyers of electric vehicles. They aim to accelerate the adoption of EVs and reduce emissions from the transportation sector.

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Renewable Energy Grants

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Provide direct financial support to renewable energy projects. Grants decrease the upfront cost of renewable technologies, making them more competitive with conventional energy sources.

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Renewable Heat Incentives

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Financial incentives aimed at increasing the adoption of renewable heating systems like solar thermal, heat pumps, and biomass. They can include subsidies, rebates, and tax credits.

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Renewable Portfolio Standard (RPS)

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Mandates that a certain percentage of electricity must come from renewable sources by a specific date. It encourages diversity in energy supply sources, lowers greenhouse emissions, and stimulates the renewable energy industry.

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Net Metering

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Allows owners of renewable energy installations to sell excess electricity back to the grid at retail rates, providing a financial incentive for homeowners and businesses to install renewable energy systems.

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Low Carbon Fuel Standards (LCFS)

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State-level policies that require reduced carbon intensity in transportation fuels. They promote the use of cleaner fuels, such as electricity and biofuels, in the transportation sector.

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Wind Energy Incentives

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Includes various tax credits, rebates, and grants specifically designed to encourage the development and operation of wind energy projects. They are instrumental in making wind power competitive.

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Climate Action Plans

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Comprehensive roadmap policies designed by governments to address climate change. They often incorporate renewable energy targets, efficiency measures, and transition strategies to a low-carbon economy.

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Investment Tax Credit (ITC)

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Provides a tax credit for investments in renewable energy sources, like solar and wind. It reduces the cost of installation and encourages businesses and individuals to invest in renewable energy technologies.

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Green Certificates

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Energy producers are awarded certificates for generating energy from renewable sources. These can be sold separately from the physical electricity, thus providing an additional revenue stream.

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Feed-in Tariffs (FiT)

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Pays renewable energy producers a set rate for the electricity they inject into the grid. It provides long-term contracts and ensures a fixed, predictable price for renewable energy.

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Renewable Energy Certificates (RECs)

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Act as proof that energy was generated from renewable resources. They can be bought and sold and are used to meet renewable energy targets and provide a revenue stream to renewable energy producers.

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Solar Renewable Energy Credits (SRECs)

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A market-based mechanism that creates value for solar energy production. Solar system owners earn one SREC for every megawatt-hour of solar electricity produced, which can then be sold or traded.

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Energy Efficiency Resource Standards (EERS)

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Requires utilities to reduce energy consumption by a specific percentage. It indirectly supports renewable energy by reducing overall demand and making renewables a larger part of the remaining energy mix.

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Offshore Wind Incentives

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Specific incentives designed to promote the development of offshore wind farms. They can include tax credits, grants, and streamlined permitting processes to overcome higher costs and logistical challenges.

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Carbon Pricing

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Puts a price on carbon emissions, encouraging the use of cleaner, renewable energy sources by making fossil fuels more expensive. It can take the form of a carbon tax or cap-and-trade system.

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Renewable Energy Bonds

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Governments or municipalities issue bonds to finance renewable energy projects. They provide a low-interest way for investors to support renewable energy development.

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Production Tax Credit (PTC)

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Offers a per-kilowatt-hour tax credit for electricity generated by qualifying renewable energy resources. It incentivizes the production of renewable electricity and helps level the playing field with fossil fuels.

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