Tax incentives for innovation in the energy sector

Abstract

The article considers the current issues of stimulating innovation in the energy sector and rational use of energy resources. The three-level system of problem-oriented management of human resources in stimulating innovation in the energy sector is proposed. The system takes into account the impact of the human factor on innovative development at the national, regional and enterprise levels. Also the need to encourage enterprises to hire highly qualified specialists in the sphere of energy saving and energy efficiency is proved. The role of the tax policy in state regulation of the rational use of energy resources and stimulation of innovation in the energy sector is substantiated. The tax incentives for the rational use of energy resources applied in the world practice are grouped. Features of the application of tax incentives (accelerated depreciation, tax credits, tax holidays, and tax reduction) for energy efficiency and energy saving of households and business entities are analyzed. The directions for stimulating innovation in the energy sector for the efficient use of energy resources are offered.