Government support for clean energy technologies is surging as policymakers prioritise energy security amidst recent global crises, according to the read more Renewable energy policy: The role of government in supporting clean energy transition
Government support for clean energy is increasing globally, driven by energy security concerns and ambitious carbon neutrality goals. Renewable energy capacity additions are rapidly growing, with the IEA setting targets to triple capacity by 2030. Governments play a key role in enabling this transition through policy frameworks like renewable portfolio standards and tax incentives, financial support via loans and public-private partnerships, and investment in research and development of innovative technologies. Grid modernization and infrastructure development are also crucial for integrating variable renewable energy sources and ensuring grid stability.
