The Dynamics and Effects of the Renewable Energy Sector in the European Union: Implications and Recommendations for Developing Countries
| Main Authors: | Agyenim Boateng, Long Xingle |
|---|---|
| Format: | Article eJournal |
| Bahasa: | eng |
| Terbitan: |
, 2019
|
| Subjects: | |
| Online Access: |
https://zenodo.org/record/3491610 |
Daftar Isi:
- Renewable energy has become a focus in the energy sector driving the fight towards smart climate economies on a global scale. Despite the successes chalked in this area in the European Union (EU), many challenges were faced and strategies have been devised to overcome them. This study was carried out to understand the dynamics of the renewable energy sector between 2005 and 2017 and how outcomes influenced strategic changes towards future targets. It also throws light on the effects of the renewable energy sector on fossil fuel market in the EU and how the future looks like for all stakeholders especially in the developing regions of the world. This study is relevant as a quick guide to understanding the major events surrounding renewable energy development, deployment and uptake in the EU. Recommendations based on lessons from the EU scenario are made for future consideration, especially for developing countries.