Regulatory and policy options to encourage development of ...

MODULE 9: RENEWABLE ENERGY: REGULATORY AND POLICY OPTIONSpage 9.1175. KEY RECOMMENDATIONSPolicy changes that would better promote renewable energy technologies can besummarized as follows: Deliberate and clear policy to build and strengthen awareness on renewableenergy technologies (RETs) at the policymaker level through appropriate trainingand other capacity-building activities. Build capacity within the relevant regulatory agencies on the techniques topromote RETs through appropriate regulation. Minimize financial constraints and create attractive investment incentives forthe private sector to participate in the provision of RET solutions to the energysector problems by introducing tax incentives and smart subsidies for example.This would greatly compliment the Government’s own funding and thecurrent 3 per cent rural electrification levy. Strengthen institutions currently involved with the development of RETsincluding the Rural Electrification Authority (REA). Comprehensive capacitybuildingis required at REA at this stage. Ensure that electricity tariffs are cost reflective with a view to encouragingprivate investment. Build an effective communication infrastructure to ensure that there is adequateinformation available about RETs to the general public. Awareness ofthe business opportunities available to entrepreneurs. Ensure that experiences gained from some of the pilot projects that theGovernment has already undertaken (such as PV-ESCOs, AREED, and IAES) areused as examples of the application of renewable energy providing successfuland sustainable solutions. Consider a renewable energy policy as an opportunity to address other policiessuch as employment, gender issues and energy poverty (especially inrural areas).