State financial regulation of renewable energy development

Abstract

The article considers financial incentives for the development and application of renewable energy technologies. The authors argue that state support is necessary to make renewable energy competitive with nonrenewable energy. The state financial regulation of renewable energy is fixed by corresponding programme documents. Green bonds, block grants, reduced rates of customs duties, subsidies and preferential lending can be used as instruments of financial stimulation in different countries. The article points out the remaining obstacles and barriers that limit the wide application of renewable energy.