Economic Policy and Clean Technologies Name Date Subsidies for Firms That Invest In Clean Technologies Abstract This research essay explored the policy of subsidies for those firms that invest in clean technologies focusing on feed-in-tariff in Japan which was adopted to accelerate investment in clean technologies by up taking a range of small-scale renewable and even low carbon electricity generation technologies. People are then paid for energy that they offer and ones they export to the grid. Through this form of government subsidy people will save on money as well conserve their environment. It is thus clear that subsidies help encourage or increase interest in alternative energies and invest more in them. However investors have seen this move as a risky form of development because this sector thrives as long as the government subsidies exist meaning if they are cut down the investors may suffer great setbacks. It also away from the old forms of energy to the clean technologies. The need to reduce the amount of carbon dioxide released into the atmosphere has promoted the need to explore alternative forms of energy which are safe and clean. The government is leading by example by imploring people to invest more in clean technologies through providing subsidies. Countries such as Germany Japan and China have offered subsidies to encourage investment in clean technologies with US government releasing around $7.5 billion to this course. Japan in fact has a feed-in-tariff subsidy policy which is meant to attract investors in clean technologies especially solar energy that has grown and thrives significantly. Reference Dokei T. Mitchell A. M. Kasai K. Nicholson T & Babasaki Y. (2016). Changes to Japan’s Existing Renewable Energy Feed-in-Tariff System. White & Case LLP. Veugelers R. (2012). Which policy instruments to induce clean innovating? Research Policy 4(10) 1770-1778 [...]
Write a 4–5-page paper (including the title page and reference list), that accomplishes all of the following: Explains the policy Gives an example where it has been used Explains why it is has improved the problem it was meant to correct Explains how economic principles are used in the design of the policy 1) The paper should be well organized, with an introduction at the beginning and a summary at the end of the paper. Include a title page and an abstract. 2) The introduction should clearly explain what follows in the paper. 3) The body of the paper ought to go through each of those supporting points and in turn support them with data and logical discussion. 4) Use headers and sub headers to clearly demarcate sections of the paper, where different topics are being treated. 5) The summary needs to be a distillation of the body of the paper. It should remind the reader of the main point. 6) Every paper ought to have citations in the body of the text, right after sentence or paragraph where you have used an idea or a quotation from one of your sources. 7) Each paper must have a bibliography (reference page).