THE ECONOMIC BENEFITS OF RENEWABLE ENERGY INVESTMENTS IN EMERGING MARKETS

Abstract

Living in today’s world, with full of development and continuous innovations, the demand for energy continues to rise in emerging markets, so that the global transition towards renewable energy is one of the key components of sustainable development of economy. This article shows the economic benefits associated with renewable energy investments in developing economies, focusing deeply on how these investments encourage economic growth, energy security, environmental sustainability and job creation. By analyzing existing materials and different case studies, this article highlights the role of renewable energy in addressing the number of challenges of economic development and climate change.