Country:Iran
Year:2011
Policy status:In Force
Jurisdiction:National
Date Effective:2011
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Economic Instruments>Fiscal/financial incentives>Loans
Policy Target:Multi-Sectoral Policy
Agency:Ministry of Energy- Renewable energy organization of Iran (SUNA)
URL:http://parliran.ir/index.aspx?siteid=1&pageid=3070
Legal References:Section B Article 8 of subsidy reform plan
Enforcement:Act of Iranian Parliament
Funding:Section B of Article 8 of Subsidy Reform Plan
Penalty:No penalty considered
Description:

The government is obliged to spend 30% of the net fund gained by implementing this law on grants, loan interest subsidies or managed funds for the following purposes:

  • technology structure modification of manufacturing divisions to improve energy efficiency,
  • water, and
  • expansion of electricity generation from renewable resources.

The objective of the policy is to encourage the private sector to invest in renewable energy.

Last modified: Tue, 12 Nov 2013 14:53:52 CET