Renewable Energy Economics

Renewable energy economics studies the financial aspects of energy sources like solar, wind, and hydro that are naturally replenished. It examines costs, benefits, and market dynamics to determine how these energy sources can be efficiently developed and used. By comparing renewable sources with fossil fuels, it analyzes factors such as investment costs, job creation, and environmental benefits. This field also considers policies and incentives that encourage clean energy adoption, aiming to reduce reliance on non-renewable resources, lower greenhouse gas emissions, and promote sustainable economic growth while ensuring a healthier planet for future generations.