A STUDY ON THE SUSTAINABILITY OF RENEWABLE ENERGY

Abstract

Renewable energy sources and associated technologies are regarded as clean resources since they minimise negative environmental effects and generate little secondary waste when used to their full potential. In addition, these sources can be maintained in light of present and foreseeable socioeconomic needs. The major environmental issues brought on by the rising commercial energy demand have sparked interest in the study of renewable energy sources. Energy available from the sun and wind are not only inexhaustible, but also environment friendly. The Hydropower, Geothermal and Biomass also help to reducing the environmental pollution. The nuclear energy is the most feasible energy source because it is low carbon pollution high thermal energy generation at low waste technology. Therefore, various renewable energy sources are likely to play a key role in meeting in carbon mitigation to achieve UN net zero carbon emission by 2050. In this regards the environmental Kuznets curve (EKC) , Fourier ADF, Fourier GLS, Fourier LM, Fourier KPSS, vector auto regression (VAR), Fourier bootstrap Toda-Yamamoto causality test, like Dynamic ordinary least square (DOLS), Fully modified ordinary least squares and wavelet coherence methods have been used.