The incentive the government offer to business who lower their carbon emission and use alternative energies include:
- Renewable Electricity Production Tax Credit (PTC)
- Investment Tax Credit (ITC).
<h3>What is Carbon emission?</h3>
This refers to the amount of carbon dioxide when fossil fuel such as coal, crude oil is burnt for different types of reasons.
This is required to be reduced as it is responsible for pollution and global warming being experienced in different parts of the world.
There are several types of incentives offered to businesses in other to encourage them to lower their carbon emission and adopt the use of alternative sources of energy and an example is Investment Tax Credit.
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