REVIEW OF FISCAL MEASURES FOR PROMOTING RENEWABLE ENERGY IN PUBLIC FINANCE

Abstract

Financial systems across the globe have been directed financial resources to encourage the growth of the renewable energy sector in recent decades. This initiative is necessary because an uninterrupted transition to renewable energy is unlikely to occur by chance. Therefore, policies must facilitate a clean transition to renewable energy. Thus, the volume of investments in renewable energy is persistently increasing across all markets. Scholars have argued that the volume of fiscal measures deployed is the critical tool that pulls resources towards the renewable energy sector. This study reviewed the fiscal policy measures deployed by the authorities in achieving the dual purpose of increasing green investments and stabilising the state of disequilibrium in public finance.