Research On The Taxation Policy Of Promoting The Development Of Renewable Energy Sources In Our Country

Energy is important driving force of the world economic development.In recent years, with the fierce development of world economy, the traditional fossil oil is increasingly exhausted and the environmental pollution gradually worse, the sustainable development of human being is confronted with grave threats, so how to guarantee the energy security has become the significant issue of national strategy security. Since the world energy crisis burst in1970’s, various countries forced to seek new energy as the part and parcel of their energy strategy. Renewable energy sources are well received in the world thanks to its cleanliness and sustainable recycling characters, and they lead the development direction of future new energy era. As the biggest developing country in the world, China is faced with the various problems such as unbalanced supply and demand of energy, unsound energy structure, low energy utilization ratio, which seriously restrict the sustainable development of our economy. Therefore, in order to ensure the rapid and sound development of domestic economy, our government should pay high attention to the new technology research and development of renewable energy sources, and establish relevant policy measures for building mature market to the renewable energy sources industry.Renewable energy sources as a new kind energy, is good for the sustainable development of country and even the whole society, and it also will be of great importance in improving energy supply degree and protecting ecological environment. However, renewable energy sources need large investment in the beginning but slow-return, which makes it hard to attract investment to this industry if there’s no potent policy. Taxation policy is a good economic instrument for the government to raise fiscal funds and exercise macroeconomic regulatory. It can be used to effectively adjust the allocation of resources and guide producer and consumer behavior, which is important to promote the renewable energy sources development. Based on the limited technical level of renewable energy sources, it’s hard to guarantee its sustainable development by relying on the pure market so we should use tax policy to promote renewable energy sources development. Many countries especially the developed countries pay much attention to develop renewable energy sources, to establish kinds of tax policies to constraint consuming traditional fossil energy, and to conduct R&D and promote the commercialization process for advancing market competition. Since the enactment of Renewable Energy Sources Law, our government has formulated relevant policies to encourage renewable energy sources development, including taxation policies. But of them there are little favorable policies about promoting renewable energy sources development, so the incentive effect is not obvious. This article is based on the full acknowledgement of renewable energy sources, summarizing current tax policies of our renewable energy sources, borrowing part of developed countries’tax policies on the method of comparative analysis. At last, put forward reasonable proposals about promoting renewable energy sources in our country which is beneficial for adjusting energy structure and safeguarding sustainable domestic economic development.This article is divided into five parts:Part one is introduction, which mainly introduces the topic background, the significance, the structure, the content, the references, and the innovation and shortage of the selected topic.Part two aim at analyzing the theoretical basis of promoting renewable energy sources development. First, it introduces the meaning of renewable energy sources, confirming the specific coverage and lead to the significance of developing renewable energy sources. Second, according to the attribute of quasi-public products, the positive externality and sustainable development theory, it clarifies the necessity of using tax policy to promote renewable energy sources development in our country.Part three points out development status of our country’s renewable energy sources, then puts up current tax policies on promoting renewable energy sources, such as added value tax, tariff and income tax. It summarizes all the incentive polices and points out the shortage of current policies on promoting our country’s renewable energy sources development.Part four borrows part of developed countries’ tax policies on promoting renewable energy sources development. By comparison of tax policies of different countries, finding out the appropriate policies and perfecting our country’s tax policies on promoting renewable energy sources development.Part five comes up with suitable tax policies on promoting our country’s renewable energy sources development. It contains perfecting current tax incentives on promoting renewable energy sources development, regulating new taxes and applying other supporting policies.