Currently most of the power in almost all the countries of the world is generated from fossil fuels like coal, oil and natural gas, which are not only the sources of greenhouse gas emissions but will also be available for only a few more years in the future.
But this alone will not be sufficient to make renewable energy as the main source of power.
Some of the other incentives should be :
Renewable energy tax credits,
Availability of land for power utility companies in favorable terms,
Innovative schemes to enable citizens to make investments in renewable energy companies etc.
Everyone knows the benefits of renewable energy. They generate power without causing pollution to the environment and are available in inexhaustible supply.
Such funds will be needed primarily by power utility companies for their operations but also for the creation of resources for various secondary functions.
A large body of manpower ready to carry out the required functions of engineering, marketing, contracting and other multi various on-site functions and back office functions will have to be created.
Some of the needed institutions will be national renewable energy lab, renewable energy training centers etc.
Let us keep track of the developments in this field by updating ourselves with the latest news :
Your Opinion On Renewable Energy Funds
What is the most important spark or stimulus needed to make renewable energy as the main power source?
Are the stimulus packages and renewable tax credits sufficient?
Do you feel any other additional grants or loans will be needed?