Renewable energy market incentives under the influence of climate change and sustainability

Today, substantial part of the global energy demand is met with fossil energy resources. Focusing on renewable energy resources appears to be the only way for solution considering that climate change turned into a global crisis, the great risk this situation creates on sustainability and environmental damages of and uncertainties about the future of the existing fossil energy resources such as oil, natural gas and coal. There is now consensus around the globe about the fact that generation of energy and heat with renewable energy resources is of vital importance for combatting the climate crisis and ensuring a sustainable economy. For this purpose, countries adopt incentive policies for maintaining the economic growth, encouraging to renewable energy resources, reducing external dependence and more importantly, combatting the climate crisis. The objective of this study is to analyze renewable energy incentives in Turkey, selected European Union member states and the United Kingdom, and describe models and types of incentives implemented by these countries for in order to combat the climate change and for a sustainable future.