Expanding of Green and Renewable Energy as a Condition for Economy Transition to Sustainable Development

Abstract

All over the world, the topic of green growth is relevant, that is, the growth of economies through the use of modern, environmentally sound, energy efficient technologies, including the use of alternative energy sources. In a modern, dynamically changing society, renewable energy sources are of interest to an increasing number of people. This interest is quite justified, since recently coherent problems of energy and environment are becoming more and more obvious. When discussing emerging problems, the leaders of states and international organizations more often come to the conclusion that in the future these problems can be solved only with the use of environmentally friendly renewable energy sources. The development of green and renewable energy is of particular importance for the Russian industry, in which, on the one hand, the fuel and energy sector occupies one of the main places. On the other hand, the transition to sustainable development is impossible without reducing the impact of energy on the environment, which is intended to contribute to the development of green and renewable energy.

Assessing the economic and environmental impacts of renewable energy adoption across different global regions

“…The shift towards renewable energy sources is justified by the emerging coherent problems of energy and environment, which are becoming increasingly apparent. The development of green and renewable energy is particularly important for industries and countries reliant on the fuel and energy sector, where the transition to sustainable development is inextricably linked with reducing the impact of energy on the environment (Kayachev et al, 2021). The imperative of renewable energy in modern society is underscored by its critical role in addressing climate change, promoting sustainable development, and ensuring energy security.…”