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Renewable Energy Use in Developing Economies

Research Report - Aug 2022 (#00539)
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Learn about the benchmark countries and their corresponding best practices for developing renewable energy. Renewable energy is often mentioned as opposed to the energy coming from fossil fuel, which is limited and non-renewable in the human timescale. Effective use of renewable energy is becoming increasingly critical worldwide, especially for developing economies. Currently, renewable energy may cost cheaper in most countries, and generates three times more jobs than fossil fuels. Particularly, wind and solar energy technologies have seen substantial cost declines over the past decade. Renewable sources of energy can help countries mitigate climate change, build resilience to volatile prices, and lower energy costs.