Renewable Energy and its role in sustainability (from an economic development perspective)

Abstract

Renewable energy is necessity to achieve sustainability, and the issue of investing in it is an economically and environmentally imperative need. Fossil energy, which is threatened with depletion within 100 years at most. It is matched by an increasing global demand for energy, if people rely for hundreds of years in industries on fossil fuels. Alternative energy is expensive and requires major changes in existing systems, such as changing the ways in which cars and large engines operate, etc. Therefore, switching to renewable energy requires large-scale changes by governments and companies, providing support and assistance in providing funds for alternatives.

Sustainability according to the use of alternative energy is based on a new, deeper understanding of the role of sustainable development and alternative energy in the progress of society, as well as being a real way to preserve the environment. The importance of research comes according to the following premises:

1- Dealing with an important and vital issue that constitutes a cornerstone in the world of sustainability and development.

2- The theoretical and applied approach in studying the effects of renewable energy and development in Iraq by employing opportunities in the orientation towards sustainability

While the research problem comes in the following question: (How can renewable energy affect economic development from the perspective of sustainability in Iraq)

The research was divided into four axes, dealing with the first axis (the theoretical and conceptual rooting of renewable energy), while the second axis came (renewable energy in Iraq: reality and challenges according to an economic perspective), and the third axis dealt with (the pioneering Chinese experience in investing in renewable energy), and the axis The fourth (building a phased model for the transition to renewable energy) and conclusions and recommendations were reached.