Renewable Energy Sources and Their Potential for Sustainable Development: A Comprehensive Review

Abstract

Purpose: The purpose of this research paper is to provide a comprehensive review of renewable energy sources and their potential contribution to sustainable development. The study aims to analyze the current state of renewable energy technologies, explore their theoretical underpinnings, and assess their practical applicability in promoting sustainable development.

Theoretical framework: The paper is grounded in a multidisciplinary theoretical framework that integrates concepts from environmental science, economics, and engineering. The authors synthesize existing literature on renewable energy technologies and their impacts on various aspects of sustainable development, including environmental preservation, economic growth, and social well-being.

Design/methodology/approach: For this review, the researchers employed a systematic literature review methodology, examining a wide range of scholarly articles, reports, and case studies. They critically analyzed the strengths and weaknesses of different renewable energy sources, such as solar, wind, hydro, geothermal, and biomass, as well as their associated technologies and infrastructural requirements.

Findings: The review highlights a plethora of findings regarding renewable energy sources and their potential for sustainable development. Firstly, the researchers emphasize the considerable advancements in renewable energy technologies, resulting in increased efficiency and cost-effectiveness. Secondly, the study demonstrates that the integration of renewable energy sources into the energy mix can substantially reduce greenhouse gas emissions, mitigating the adverse impacts of climate change. Additionally, the research identifies renewable energy as a catalyst for promoting energy independence, fostering economic growth, and enhancing energy security for nations.

Research, Practical & Social implications: The research paper presents numerous implications for various stakeholders. Policymakers can use the findings to design effective energy policies that prioritize renewable energy adoption and align with sustainable development goals. Investors and businesses can identify viable opportunities in the renewable energy sector, contributing to both economic growth and environmental protection. Furthermore, society at large can benefit from reduced environmental pollution, improved health outcomes, and enhanced access to clean and reliable energy sources.

Originality/value: This comprehensive review contributes significantly to the existing body of knowledge on renewable energy and sustainable development. The authors critically analyze and synthesize a vast array of sources, presenting a holistic perspective on the topic. The paper's originality lies in its comprehensive examination of the latest advancements in renewable energy technologies and their implications for achieving sustainable development.