A Review of Funding Mechanisms and Tariff Determination Procedures for Renewable Energy Projects: Insights from Germany, Denmark, Australia, India and Pakistan

This paper reviews the various reported studies detailing the various policies enacted by the governments of Germany, India, Denmark, Pakistan, and Australia to foster the growth of renewable energy. These policies encompass measures such as tax incentives, loans, feed-in tariffs, and similar initiatives aimed at incentivizing renewable energy development. The countries have been chosen due to the different types of policy frameworks that each has implemented and the contrasting contextual circumstances that can act as a lead for the other countries in the pursuit of effective RE policy. The study examines how the policies affected the development of RE in these nations, as well as many guidelines guiding the financing, investment, and tariff structure techniques for RE projects.