ABSTRACT. The purpose of this paper is to gain a deeper understanding of the economic relevance of the most ordinary sources of renewable energy (RE), the positive consequences of RE on growth and hiring, and the shift from fossil energy to RE to diminish CO2 releases. My paper contributes to the literature by providing evidence on the economic and financial stimulants supplied by RE backing strategies, elements determining investment in renewables, the declining expense of numerous RE technologies, and the eventual share of RE to moderating worldwide climate change. pp. 102–108
JEL codes: N7; O13; P28; Q4

Keywords: renewable energy; climate change; economic growth

How to cite: Popescu, Gheorghe H. (2015), “The Economic Rationale for Renewable Energy,” Economics, Management, and Financial Markets 10(2): 102–108.

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Dimitrie Cantemir Christian University

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