Economics Renewable Energy Economics Questions
The concept of energy transition refers to the shift from using non-renewable energy sources, such as fossil fuels, to utilizing renewable energy sources, such as solar, wind, hydro, and geothermal power. It involves a fundamental change in the way energy is produced, distributed, and consumed in order to reduce greenhouse gas emissions, combat climate change, and achieve sustainable development. Energy transition aims to promote a more sustainable and environmentally friendly energy system that is less reliant on finite resources and more resilient to future energy challenges.