Answer to Question #51794 in Other Economics for rini

Question #51794
Note on local contents requirement.
Expert's answer
Local content requirements (LCRs) are policy measures that typically require a certain percentage of intermediate goods used in the production processes to be sourced from domestic manufacturers. Local content requirements in renewable energy policy serve as either a precondition to receive government support or an eligibility requirement for government procurement in renewable energy projects. LCRs are usually coupled with other policy measures to encourage green growth.
The great majority of LCRs are aimed at sectors other than renewable energy. Collectively, LCRs in the renewable energy space probably impact over USD 100billion of trade annually, but the available data do not permit an estimate of trade impacted by LCRs.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

New on Blog