ABSTRACT

This chapter explores how varied policy approaches in different countries can either encourage or hinder the participation of a diverse range of groups in climate- and environment-protecting activities, as well as discussing why this comparison is important for realizing the social and economic benefits of renewables. The use of non-refundable tax credits for incentives has ensured that only a few large corporate entities and wealthy individuals participate in the wind and solar markets. A tax incentive is a government-issued credit that is obtained against taxes owed when an eligible citizen files a tax return. While these tax credits have been instrumental in stimulating the initial growth of the US renewable energy industry, the next phase of market growth will require a revision of existing tax policies to make them more inclusive or an implementation of new policies that offer citizens greater access to the market.