IMPROVING MECHANISMS FOR THE USE OF RENEWABLE ENERGY SOURCES FOR A GREENER WORLD

Анотація

Alternative energy is essential not only for environmental protection but also for creating a sustainable energy system. The use of non-conventional energy sources depends on two conditions: the renewability of the fuel source and its availability in a given area. Today, global challenges like ozone depletion, climate change, the greenhouse effect, droughts, desertification, soil degradation, and declining biodiversity highlight the urgent need for sustainable practices. Additionally, the rise in pollution-related diseases underscores why the transition from conventional to renewable energy is no longer optional but a necessity. Renewable energy sources provide a cleaner, more sustainable way to meet energy demands, directly addressing these global environmental concerns. The goal of this research is to examine key economic trends in the development of renewable energy sources. The study employs methodologies such as system analysis, statistical and expert evaluations, and methods of comparison, analogy and classification. Together, these approaches provide insights into the economic incentives and regulatory mechanisms supporting renewable energy, helping clarify complex factors that drive or hinder its development.

A key contribution of the research is the use of classification to organize the main components of economic regulation for renewable energy. This method helps identify the most influential regulatory areas, making it easier for stakeholders to focus on priority factors that drive renewable energy adoption. Furthermore, the study evaluates the reserves of renewable energy sources, examines investment support, and analyzes economic incentives that could accelerate growth in this sector. These insights form a framework for understanding the financial and policy measures needed to support renewable energy. Proposed improvements to economic incentives aim to make renewables more appealing to investors and stakeholders, essential for accelerating adoption.

The research’s relevance goes beyond practical application, offering value to organizations in the fuel and energy sector, as well as in educational and academic contexts. Its findings can inform university courses and contribute to scientific research, supporting the dissemination of knowledge on renewable energy economics and policy. By bridging economic theory with practical application, this research provides valuable insights for policymakers and organizations worldwide working to promote a sustainable, environmentally friendly energy future.