Theory Nexus

As the effects of climate change continue to become more and more apparent, the push towards renewable energy sources continues to gain momentum. The use of non-renewable energy sources such as fossil fuels has significant drawbacks, including environmental implications, diminishing supply, and economic instability. Investing in renewable energy has been identified as an effective means of achieving sustainable growth. In this article, we explore the benefits of investing in renewable energy as a means of achieving sustainable growth. The Current State of the Energy Industry The demand for energy continues to rise globally. According to the International Energy Agency, the global demand for electricity is expected to increase by 60% by 2040. Non-renewable energy sources such as coal, oil, and natural gas still account for the majority of global energy consumption, despite concerns about their environmental impact. While renewable energy sources such as solar, wind, and hydroelectricity...