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Purpose: To internalize the cost of carbon emissions by charging emitters a fee per unit of carbon dioxide emitted. Impact: Encourages reduction in greenhouse gas emissions and shifts investments towards cleaner energy solutions.

Purpose: To incentivize the purchase and use of vehicles with low carbon emissions. Impact: Accelerates the transition to low-emission transport and reduces transportation-related greenhouse gas emissions.

Purpose: To provide consumers with information regarding the environmental impact of products. Impact: Encourages the production and consumption of environmentally friendly products and drives market competition towards sustainability.

Purpose: To provide accessible financing options for sustainable energy projects. Impact: Reduces the economic barriers to renewable energy adoption and accelerates the implementation of sustainable technologies.

Purpose: To require utility companies to source a certain percentage of their electricity from renewable sources. Impact: Encourages diversification of energy sources and stimulates the renewable energy market.

Purpose: To offer a tax credit for each unit of electricity generated by renewable energy resources. Impact: Encourages the operation and maintenance of renewable energy facilities, and stabilizes revenue streams for energy producers.

Purpose: To promote the development of offshore wind energy projects. Impact: Expands the capacity for renewable energy generation and supports the growth of the offshore wind industry.

Purpose: To competitively select renewable energy projects for development based on price and other criteria. Impact: Drives down costs of renewable energy and ensures the most economically viable projects are implemented.

Purpose: To encourage the adoption of renewable energy through guaranteed payments to energy producers for the electricity they generate. Impact: Increases investment in renewable technologies and expands the share of renewable energy in the power mix.

Purpose: To provide financial support for research and development or deployment of renewable technologies. Impact: Mitigates the financial risk and encourages innovation and adoption in the renewable energy sector.

Purpose: To encourage the use of renewable energy for heating purposes. Impact: Increases the adoption of renewable heat technologies and reduces reliance on fossil fuels for heating.

Purpose: To certify that a certain amount of electricity is generated from renewable sources. Impact: Supports the renewable energy market and provides a market-based instrument for renewable energy credits.

Purpose: To mandate minimum energy efficiency criteria for buildings and appliances. Impact: Reduces energy consumption and greenhouse gas emissions, and promotes the development of efficient technologies.

Purpose: To reduce the tax burden on companies or individuals who invest in renewable energy systems. Impact: Lowers the upfront cost of renewable energy investments, spurring growth in the sector.