Comparative study on key support mechanisms for investments in renewable energy sources in Member States of the European Union Cover Image

Сравнително изследване върху основните механизми за подпомагане на инвестициите във възобновяеми енергийни източници в държави-членки на Европейския съюз
Comparative study on key support mechanisms for investments in renewable energy sources in Member States of the European Union

Author(s): Dimitar Dimitrov
Subject(s): Social Sciences, Education, Law, Constitution, Jurisprudence, Civil Law, Higher Education , Law on Economics, EU-Legislation
Published by: Нов български университет
Keywords: Member States of the European Union; Renewable energy sources

Summary/Abstract: Renewable energy sources require national subsidies to compete with existing technologies and a distinction can be made between three types of schemes that stimulate the creation and use of RES; a system of preferential tariffs, a system of "green bonuses" and a system of "green certificates". Each Member State has implemented this strategy differently. For example, some have made a distinction with regard to guaranteed payments (up to 20 years) or the amount of subsidies. It is interesting to observe, with regard to the financial promotion of a technology, that guaranteed payments have become little or much harmonized in individual jurisdictions without regulatory intervention by the EU. This leads to the conclusion that there is a fair subsidy regime that is diminishing over time.

  • Issue Year: 2011
  • Issue No: 2
  • Page Range: 46-57
  • Page Count: 10
  • Language: Bulgarian