New Market Study, "Renewable Energy Subsidies in Europe, Recent Cuts and Implications for Subsidy Forecasts", Has Been Published
In 2009, the European Union directed all 27 member countries to increase their renewable energy share in the overall energy consumption by 2020. Mandatory targets were introduced for every member state. Consequently, member countries made changes to their policies so that renewable energy could be promoted. Government policies encouraged investors, leading to a remarkable growth in the renewable energy market. Lucrative subsidy schemes such as Feed-In Tariffs (FITs) coupled with the gradually decreasing prices of renewable technologies led to an...
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