Accelerating Economic Development Through Sustainable Energy Transitions: the Role of Renewable Energy

EasyChair Preprint 14439

Abstract

As global economic landscapes evolve in response to environmental and social challenges, accelerating economic development through sustainable energy transitions has emerged as a pivotal strategy. This paper explores the integral role of renewable energy in fostering economic growth while addressing sustainability concerns. It examines how the adoption of renewable energy sources—such as solar, wind, and hydro—can drive economic development by creating job opportunities, stimulating innovation, and reducing dependence on fossil fuels. The analysis highlights case studies from various regions to demonstrate the tangible benefits of renewable energy investments, including improved energy security, reduced greenhouse gas emissions, and enhanced socio-economic resilience. Furthermore, the paper discusses policy frameworks and technological advancements necessary to support a successful transition. By synthesizing current research and empirical evidence, this study provides insights into how strategic investments in renewable energy can serve as a catalyst for sustainable economic development and offers recommendations for policymakers and stakeholders to leverage these opportunities effectively.

Keyphrases: Sustainability, economic development, energy transition, renewable energy

@booklet{EasyChair:14439,
  author    = {John Owen},
  title     = {Accelerating Economic Development Through Sustainable Energy Transitions: the Role of Renewable Energy},
  howpublished = {EasyChair Preprint 14439},
  year      = {EasyChair, 2024}}