Renewable Energy Standards
Renewable Energy Standards (RES) are regulations set by governments to promote the use of renewable energy sources, such as solar, wind, and biomass. These standards require utilities to obtain a certain percentage of their energy from renewable sources, helping to reduce reliance on fossil fuels and lower greenhouse gas emissions.
By implementing RES, governments aim to encourage investment in clean energy technologies and create jobs in the renewable energy sector. These standards can also lead to increased energy security and stability, as they diversify the energy supply and reduce vulnerability to price fluctuations in traditional energy markets.