PROSPECTS OF RENEWABLE ENERGY ON GREEN GROWTH IN EMERGING MARKET ECONOMIES
Keywords:
environmental pressures, sustainable development, economic progress, natural sources, energy projects.Abstract
Emerging market economies (EMEs) are at a crossroads. While striving for rapid economic growth and development, they are confronted with mounting environmental pressures, resource depletion, and the urgent need to address climate change. This delicate balancing act necessitates a paradigm shift towards sustainable development, where economic progress is intertwined with environmental protection and social equity. Renewable energy, derived from inexhaustible natural sources, stands as a beacon of hope in this pursuit, offering a pathway for EMEs to achieve green growth. This article explores the promising prospects of renewable energy in driving sustainable development in EMEs, highlighting the transformative potential, challenges, and strategies for successful implementation.
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