Economics Renewable Energy Economics Questions
The concept of energy sovereignty refers to a country's ability to have control over its own energy resources and decisions, without being dependent on external sources. Renewable energy supports energy sovereignty by providing countries with the opportunity to generate their own energy from domestic renewable resources, such as solar, wind, hydro, or geothermal power. By investing in and utilizing renewable energy sources, countries can reduce their reliance on imported fossil fuels and have greater control over their energy production and consumption. This enhances their energy security, reduces vulnerability to price fluctuations in global energy markets, and promotes sustainable development. Additionally, renewable energy can also contribute to job creation, technological innovation, and the reduction of greenhouse gas emissions, further supporting a country's energy sovereignty.