The Act's objective is to provide for the development, management and utilisation of renewable energy sources for the production of heat and power in efficient and environmentally sustainable manner. Distribution utilities and bulk electricity consumers are obliged to purchase a proportion of their energy from electricity generated from renewable energy. A Feed-in-Tariff guarantees the price of electricity generated from renewable energy resources. The Act establishes a fund to provide financial resources for the promotion, development and utilisation of renewable energy resources. Funds are to be used for capacity building, provision of financial incentives, feed-in-tariff, capital subsidies and equity participation for:
<ul>
<li>Grid interactive renewable electricity.</li>
<li>Mini-grid and off-grid renewable power systems for remote areas and islands.</li>
<li>RE projects for non-electricity purposes.</li>
</ul>
and the promotion of:
<ul>
<li>Scientific and technological research.</li>
<li>Research into the establishment of standards for the utilisation of renewable energy.</li>
<li>The production of equipment for the development and utilisation of renewable energy.</li>
</ul>
The Act was amended in 2020 to establish a competitive procurement scheme, a renewable energy purchase obligation for fossil fuel based wholesale electricity suppliers to mitigate the impact of climate change, and a net-metering scheme to encourage the self-generation of electricity from a renewable energy source on a climate change mitigation basis, and to empower the Minister to designate a public entity to perform specific functions in the area of renewable and clean energy.

Renewable Energy Act, 2011

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Renewable Energy (Amendment) Act, 2020

Amended/Updated

Ghana

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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.

Justice is the ethical and political framework that addresses fairness, including issues of responsibility, rights, and structural inequity.

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

People who are less able to respond to the effects of climate change due to having limited financial or physical assets

A subsidy is a direct or indirect payment to individuals or businesses, typically provided as a government cash payment or a specific tax reduction.

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

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.

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

the fair distribution of risks and opportunities of climate change and the transition to a regenerative economy, cognisant in particular of disproportionate impacts on vulnerable communities and the working class

Renewable Energy (Amendment) Act, 2020

Policy instrument

Impacted group

Climate justice

Renewable energy

Fossil fuel

Greenhouse gas

Economic sector

Finance