Economics Renewable Energy Economics Questions
The concept of energy independence refers to a country's ability to meet its energy needs without relying on external sources or imports. Renewable energy contributes to energy independence by reducing dependence on fossil fuels and foreign energy sources. By harnessing renewable sources such as solar, wind, hydro, and geothermal energy, countries can generate their own clean and sustainable energy domestically. This reduces the need for importing fossil fuels, enhances energy security, and promotes economic stability. Additionally, renewable energy technologies can be decentralized, allowing communities and individuals to generate their own power, further enhancing energy independence.