Transformation towards renewable energies in developing countries

Keywords: economic growth, non-renewable energy, modern and conventional energies, energy mix
evolution, emerging countries.

Abstract: In place of conventional energy sources including the burning of coal, wood, and
agricultural wastes, renewable energies include the use of wind, solar, hydro, and thermal energy. To
achieve sustainable development goals and lower environmental carbon emissions, renewable
energy is necessary. The transition from conventional to contemporary energy sources can be greatly
aided by emerging nations. However, the problem is with the nation’s economic development
(Shrestha et al., 2022). Due to their approximately 38% worldwide carbon emission, the BRICS
economies (Brazil, Russia, India, China, And South Africa) can lead to significantly reduced carbon
emissions (Akram et al., 2021. The connection between national expansion towards the evolution of
its energy mix and annual income was described by long- and short-run tests. Non-renewable energy
sources, conventional renewable energy sources, and contemporary renewable energy sources were
the variables used. In light of the results, non-renewable and contemporary renewable energy have a
long-term favorable relationship with income level, while conventional renewable energy does not
(Shretha et al., 2022). Additionally, compared to traditional sources, renewable energy sources were
embraced more frequently in nations with greater incomes. It shows that as the nation's income
rises, more clean energy sources are preferred. From the result section, scientists came to the
conclusion that for every 1% increase in a nation's income, green energy adoption increases by
1.27%, while conventional energy sources fall by 0.31% (Shretha et al., 2022). New environmental
regulations that will result in the environment having net zero carbon emissions should be
introduced by policymakers. Since it can be used to generate energy, cook food, and fuel vehicles,
using biogas as an alternative to conventional sources has several advantages.

References:-

Shrestha, A, Mustafa, AA, Htike, MM, You, V & Kakinaka, M 2022, ‘Evolution of energy mix in
emerging countries: Modern renewable energy, traditional renewable energy, and non-renewable
energy’, Renewable energy, vol. 199, pp. 419–432.

Akram, R, Chen, F, Khalid, F, Huang, G & Irfan, M 2021, ‘Heterogeneous effects of energy efficiency
and renewable energy on economic growth of BRICS countries: A fixed effect panel quantile
regression analysis’, Energy (Oxford), vol. 215, p. 119019–.