THE GLOBAL DEVELOPMENT OF RENEWABLE ENERGY FOR A GREEN AND SUSTAINABLE FUTURE

Abstract

All nations have access to renewable energy sources, but their complete potential has yet to be realized. The International Renewable Energy Agency (IRENA) estimates that by 2050, 90 percent of the world's electricity could and should be generated from renewable sources. Renewables offer a way out of import dependence, enabling countries to diversify their economies and protect themselves from the unpredictable price fluctuations of fossil fuels while driving inclusive economic growth, the creation of new jobs, and the alleviation of poverty. In India, research, development, demonstration, production, and application of a wide range of renewable energy technologies for use in various sectors have been vigorously pursued over the past twenty-five years. The purpose of this paper is to present the current and historical experience of renewable energy in relation to consumption, investment, and employment opportunities globally, as well as to provide specific information about India. This paper also endeavors to summarize the availability, current status, significant achievements, and future potential of India's renewable energy sources.