Effectiveness of Renewable Energy Policies in Promoting Green Entrepreneurship: A Global Benchmark Comparison

Abstract

Renewable energy policies in some countries are essential for creating a sustainable energy system and reducing carbon emissions. The countries apply different policies to encourage the use of renewable energy whose primary purpose is the promotion, transition, and use of renewable energy. These policies provide incentives that allow companies to benefit, as long as they choose to use renewable sources in their economic activities. This chapter has evaluated renewable energy policies in 20 countries (Liechtenstein, Norway, Sweden, Iceland, Uruguay, Denmark, Niue, Tajikistan, Portugal, Costa Rica, United States, China, Japan, Germany, United Kingdom, India, France, Italy, Canada, and Russia). The analysis focused on the influence of these policies on creating green entrepreneurship. In general, it has been determined that, in many cases, renewable energy policies contribute to creating green entrepreneurship.