MECHANISM OF TAX RELIEF AS A FACTOR OF ENERGY SAVING PROJECTS IMPLEMENTATION

The paper deals with analysis of state authority activities with regard to the implementation of renewable power generation in Ukraine, as well as mechanisms of introducing the incentive legislation: ‘green’ tariffs, tax benefits and other means of creating favorable investment climate for business entities. The authors consider the role of the state in solution of the given task through: improvement of legal and regulatory framework on the basis of the developed countries experience on par with national experience, creation of scientific and technical capacities to support national developments, providing business incentives for implementation of low-carbon energy sources, creation of favorable environment for investments and establishment of efficient control over decision-making and legislative execution.