Executive Order on guarantees of origin for electricity, gas, district heating and district cooling from renewable energy sources (22 June 2023)

Laws and Policies

CCLW

CCLW national policies

Law on the Promotion of Renewable Energy - No. 1392/2008 (and Legislative Decree 1288/2016)

Amendment LBK no. 1288 of 27/10/2016

Law passed

<p>The RES law is the legal basis for achieving emission reductions via increasing the share and uptake of renewable energies (40% by 2020), particularly in the electricity sector. It is amended several times per year to reflect new developments on the European level and adjustments to the most recent state of technology (e.g., in 2012 the tariffs for biogas were changed via amendments).Key elements are a premium tariff system based on net metering and bonus payments (since 2008), a bonus for renewable energy plant operators on top of market price, not exceeding a statutory maximum per kWh and adjustment of the tariff structure for photovoltaic subsidies in response to the high costs of the rapid uptake of solar panel and PV installations, motivated by falling solar/ PV panel costs.</p>

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

A long-lived, colourless gas, chiefly emitted from fossil fuel combustion, deforestation and cement production.

Any compulsory, unrequited payment to the government levied on corporations or individuals. This can be for environmental reasons, such as introducing a Carbon tax to set a price that emitters must pay for the greenhouse gases they emit.

Tradable permits are market-based tools that grant permission for specific activities, frequently used to regulate emissions. These permits can be issued within a trading system to manage environmental impacts.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

Energy derived from biological compounds that are renewable due to their short life cycle within the carbon dioxide cycle.

Compulsory, required payments to the government that are levied more-or-less in proportion to the services provided. Fees and charges range from entrance fees to national parks, charges on land-based sewage discharge.

A tax advantage is an economic benefit applied to certain accounts or investments that are, by law, tax-reduced, tax-deferred, or tax-free. This can apply to investments in areas such as green energy projects or the agricultural sector, where tax advantages can help manage financial risks.

A policy instrument designed to support the development and acceleration of renewable energy sources by providing a guaranteed, above-market price for producers.

This sector provides communication services, software development, and IT solutions.

The activities of industries involved in the production, distribution, and sale of energy, including electricity, gas, and renewables.

This sector involves managing waste treatment, sanitation, pollution control and environmental cleanup.

Fossil gas, commonly known as natural gas, is a fossil fuel consisting chiefly of methane with smaller amounts of other hydrocarbons and trace gases, found in underground deposits.

Executive Order on guarantees of origin for electricity, gas, district heating and district cooling from renewable energy sources (22 June 2023)

Policy instrument

Renewable energy

Fossil fuel

Greenhouse gas

Economic sector

Finance