Renewable Policy: Driving the Energy Transition

Renewable energy policy serves as the backbone of the global clean energy transition. Without effective policy frameworks, the market forces alone cannot overcome the economic and infrastructural barriers that prevent renewable technologies from competing with fossil fuels on price and reliability.

Governments worldwide have developed diverse policy instruments to accelerate renewable energy deployment, from carbon pricing mechanisms and renewable portfolio standards to feed-in tariffs and direct subsidies. These policies create the enabling environment for technological innovation, infrastructure development, and market transformation.