Open Access
Table 3
Proposed policies related to renewable energy.
| Policy | Description |
|---|---|
| Feed-in tariff | Guarantee of a fixed price for electricity generated from renewable sources to incentivize the development of renewable energy projects. |
| Renewable energy targets | Set renewable energy targets for each province to ensure an even spread of renewable energy development. |
| Energy storage | Promotion of energy storage solutions to address the intermittency of renewable energy sources and ensure grid stability. |
| Research and development | Funding of renewable energy research and development initiatives to promote innovation and improve the efficiency and cost-effectiveness of renewable energy technologies. |
| Green financing | Promotion of availability of green financing options, such as green bonds and loans, to support renewable energy projects and make them more financially viable. |
| Carbon pricing | Consideration of implementation of carbon pricing mechanism to put a price on greenhouse gas emissions and encourage the transition to renewable energy sources. |
| Distributed generation | Consideration of providing incentives for distributed generation, such as rooftop solar systems, to promote the adoption of small-scale renewable energy solutions and reduce strain on the grid. |
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