- Features of a good FIT law
Draft the basic elements of a proposed FiT law.This website is a toolkit for decision-makers around the world to design their own Feed-in tariff law adjusted to local conditions.
Feed-in Tariffs: a policy solution for renewable energy
This site aims to help users around the world to introduce or improve FIT laws in their country or region. In its Features of a good FT law section you can design your own FIT law. Moreover you may find Country- and region-specific information on FIT laws in over 50 jurisdictions worldwide. For additional information and contacts, please visit the FIT Expert Roster and News Group section of this site.
Tackling climate change means rapidly changing the way we generate and use energy. Energy transition is therefore not a lifestyle choice but an absolutely essential action to save the planet. Even though it is one of the biggest challenges humanity has faced, there is consensus about the fact that 100% Renewable Energy is feasible.
The major challenge to achieve this vision is lack of political will. We can only achieve the 100% Renewable Energy target with an effective policy framework for promoting renewable energy and energy efficiency.
FiT laws proved to be such an effective framework. They are the driving force behind the majority of RE deployments globally. Well-designed programs have proven to be an effective counter cyclical growth and job creation mechanism even in downturns like the economic crisis. Four core features realized the astonishing uptake:
- FiTs allow any entity to connect a renewable energy system to the grid;
- FiTs require utilities to purchase all the electricity generated by that system;
- FiTs mandate the price and timeframe during which the electricity must be purchased by the utility.
- Policy costs are incorporated into electricity rates, rather than recovered from taxpayers.