Definition:
A course of action taken by a government or organization to manage energy production, distribution, and consumption.
Key Components:
- Renewable energy incentives
- Carbon pricing mechanisms
- Grid reliability standards
Use Cases/Industries:
- Government and public sector planning
- Corporate sustainability strategies
- Energy market regulations
Advantages:
- Encourages investment in clean energy
- Enhances energy security and independence
- Provides a structured transition framework
Challenges:
- Political and economic influences
- Resistance from fossil fuel industries
- Policy implementation delays
Related Terms:
Decarbonization, Electrification, Climate Change Mitigation
Example:
The European Green Deal is a landmark energy policy aiming for carbon neutrality by 2050.
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Synonyms:
Energy Regulation, National Energy Strategy, Energy Governance
