Low-Interest Loans For Investments In Installations For Electricity Production
Information
  • Topic: Green economy in the context of sustainable development and poverty eradication
  • Location: germany
  • Date of completion: 2010
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Action Network
  • This voluntary initiative came from Green economy policies, practices and initiatives

Description/achievement of initiative

Germany uses strong financial incentives through subsidies and loans to reduce energy consumption as well as encourages the usage of renewable energy.
Source: UNEP, 2008, Green Jobs: Towards decent work in a sustainable, low-carbon world

"Germany has adopted a range of successful policies that eliminates barriers to renewable energy development. Especially Low-interest loans (some offered through the country's 100,000 Solar Roofs program) help overcome the obstacle of high initial capital costs. "

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