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Permanent Secretariat Extra-Regional Relations 40 to feed-in tariffs; utility quota obligations; net metering and mandates or renewable energy debentures. Secondly, the tax policy uses incentives and subsidies. It is aimed at curtailing costs and improving competitiveness relative to renewable energy technologies through capital grants, subsidies and bonuses, tax incentives and payments for generation of renewable energy. Thirdly, government direct funding provides funds for the development of renewable energy sources. It is of the essence for their steady growing. Public funding where governments grant the necessary capital to the sector of renewable energy includes public investment by means of loans with subsidized rates, subventions, or public tender which favour the use of renewable energy sources. In LAC, like in the rest of the world, the number of countries which have implemented policies to foster and encourage generation and production of renewable energy sources has gradually increased, and public policy instruments used for such purpose are more and more varied as time goes by and as more elements for analysis and cutting-edge technology are available. In early 2011, according to the report Renewable 2011 released by REN21, 17 LAC countries used some policy to support generation of renewable energy sources. As many as 61 related policies have been implemented. Major policies include tax incentives (30), regulatory policy (17) and public funding (14). Furthermore, there is no record of such policies in Barbados, Cuba, Grenada, Guyana, Haiti, Jamaica, Paraguay, Suriname and Venezuela.PDF Image | green economy In Latin America and the Caribbean
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