Authors
Tara Laan, Nhat Do, Steven Haig, Indira Urazova, Eduardo Posada, Hanjie Wang
- Pages
- 39
- Published in
- Canada
- Rights
- IISD, 2024
Table of Contents
- Box 1. Subsidy and public financial support: Definitions 12
- Box 2. China’s FIT policy 26
- Figure ES1. Comparison of G20 renewable power support with fossil fuel subsidies, 2020–2023 5
- Figure 1. Estimated support for renewable energy in G20 economies, 2023 14
- Figure 2. A comparison of support for renewable power generation and integration between advanced economies, China, and EMDEs, 2020–2023 16
- Figure 3. Estimated support for renewable power generation and integration compared with estimated fossil fuel subsidies in G20 economies in 2023 as a percentage of GDP 17
- Figure 4. Distribution of financial support for renewable power generation and integration in G20 countries in the 2020–2023 period (% based on the value of support measures) 18
- Figure 5. Support for renewable power in G20 countries by beneficiary type as a percentage of total support in the 2020–2023 period 19
- Figure 6. Comparing IRENA’s 2015 estimates with IISD inventory data (2020–2023) for renewable energy generation in select G20 countries 21
- Figure 7. A comparison of renewable power commitments in the GEST and IISD’s renewable power tracker 22
- Figure 8. Fossil fuel support vs. renewable power support, 2020–2023 23
- Table 1. Support for renewable power generation and integration in G20 countries by economy, 2020–2023 (USD billion, nominal) 15
- Table 2. Overview of national-level public financial support measures for renewable power in the top 12 countries providing support in G20 countries 25
- Table 3. Policy frameworks and incentives in China, the EU, and the United States 27
- Table A1. 34
- 1.0 Introduction 10
- 2.0 Methods 12
- 3.0 Results 14
- 3.1 Support for Renewable Power by Type 17
- 3.2 Support for Renewable Power by Beneficiaries 18
- 3.3 The Ratio of Public Support for Renewable Power to Investment 19
- 3.4 Comparison With the Results From Other Sources 20
- 3.5 Comparing Fossil Fuel Subsidies 22
- 3.6 The Ratio of Fossil Fuel Support to Investment 23
- 4.0 Public Financial Support Needed to Achieve the Tripling Target 24
- 5.0 The Changing Nature of Public Financial Support 25
- 6.0 Other Factors That Influence Renewable Energy Deployment 28
- 7.0 Conclusions 29
- References 31
- Appendix A. International Databases and Dashboards on Public Financial Support for Renewable Energy and Climate 34