Evaluation of Green Energy Impacts for Achieving Global Economic and Environmental Sustainability

Abstract

This paper comprehensively investigates the different measurements and results of embracing green energy, with an emphasize on its significance for advancing sustainable financial development and safeguarding ecosystem. It can be concluded from the study that the unfavorable impacts of fossil fuel combustion on climate change can be reduced by focusing on renewable energy sources. The various types of green energy resources that include wind, geothermal, solar, hydro etc. and its current scenarios of utilization across the world has been focused upon. The most abundant and easily extractable source of energy was solar based system. However, the literature confirms that the sector requires further enhancement in the technology to fully extract the power from these resources. The storage solutions of various capacities such as magnetic storage, battery fuel cell etc., can work as a backup to these resources. The major improvements in the field of renewable energy give adaptable ways to decrease the carbon impression of transportation, fabricating, and control systems, which in turn advances the output in terms of available power. The papers gives remarks on the key challenges and solutions for sustainable use of energy which is important for enforcing the balance in the economic growth and ecosystem enhancement.

Keywords

• green energy
• economic development
• renewable energy
• social benefit development
• global trade
• solar power