Taxes & Incentives for Renewable Energy | KPMG | UA

Taxes & Incentives for Renewable Energy

Taxes & Incentives for Renewable Energy

Despite the economic downturn investment continues in the renewables sector, largely due to government stimulus programs that focus on developing green economies. Around the world, governments have allocated more than USD430bn in fiscal stimulus to key climate change investment themes. China and the US lead the way. This new guide from KPMG International, entitled Taxes and Incentives for Renewable Energy, outlines the investment and operating support schemes available 18 countries.


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Highlights from the guide:


  • At least 60 countries currently use policy to promote renewable power generation.  Typically a number of investment and operating subsidies are used together for a complete renewables support scheme.
  • Government policy targets for renewable energy exist in at least 66 countries worldwide (including all 27 European Union countries).
  • There is a broad spectrum of national ambition, as targets for renewables range from 2 percent to 78 percent.  India and Chile have targets of 5% by 2010 and 2014 respectively while Sweden is raising the bar with a target of 50% of their energy supply coming from renewable sources and the goal of becoming the first country in the world to be free from oil by 2020.

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