DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/b2kdqh/asiapacific) has announced the addition of the "Asia-Pacific Renewable Energy Policy Handbook 2013" report to their offering.
Policy Instruments Supporting Renewable Energy Deployment in the Asia-Pacific Region
Burgeoning energy demand, limited reserves of fossil fuel, and concerns over global warming have forced countries in the Asia-Pacific to increase the share of renewable energy in their energy mix. The region has made significant investments in renewable energy projects in recent years and this is expected to continue in the coming decades. Many countries have adopted policy instruments such as Feed-In Tariffs (FITs), Renewable Portfolio Standards (RPS), soft loans and tax incentives to promote renewable energy. Most of the measures initiated by governments have received a positive response and have played a vital role in the development of the renewable energy industry.
Investment in renewable energy projects gained pace after the Kyoto Protocol was introduced in 1997. This protocol sets binding obligations on industrialized countries to reduce greenhouse gases emissions below 5% of 1990 levels by 2012 (the first commitment period) and below 18% of 1990 levels by 2020 (the second commitment period).
Australia, Japan and New Zealand have signed the Kyoto Protocol, thereby reducing carbon emissions. India and China, as participants in the Copenhagen Accord in 2009 pledged to carry out a domestically binding target to reduce their carbon intensity by 20-25% and 40-45% below 2005 levels respectively by 2020.
China is fast becoming one of the major players in the global renewable energy industry. In recent years, China has developed its wind turbine and solar Photovoltaic (PV) manufacturing industries. The government has shown commitment to renewable energy through a series of new laws and financial support measures.
India and Australia have also implemented a number of support measures for the development of renewable energy, of which the pace of implementation will determine future growth. The new programs related to solar power development announced in India are expected to significantly increase the share of solar power in the renewable energy portfolio.
The Japanese government has shown commitment to renewables through the introduction of a FIT for renewable energy in 2012. It also announced plans to entirely rebuild its energy policy following the Fukushima nuclear disaster in March 2011. The policy now suggests gradually reducing dependence on nuclear power while enhancing the share of renewable energy and efficient fossil-fuel power generation.
Thailand has announced a number of measures to boost its renewable industry. The country aims to use 25% renewable energy in the next 10 years instead of fossil fuels.
Key Topics Covered:
1 Tables & Figures
2 Introduction
3 Renewable Energy Regulatory Framework, Australia
4 Renewable Energy Regulatory Framework, China
5 Renewable Energy Regulatory Framework, India
6 Renewable Energy Regulatory Framework, Japan
7 Renewable Energy Regulatory Framework, South Korea
8 Renewable Energy Policy Framework, Thailand
9 Renewable Energy Policy Framework, New Zealand
10 Renewable Energy Policy Framework, Vietnam
11 Renewable Energy Policy Framework, Taiwan
12 Appendix
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