Global renewable energy transition in fossil fuel dependent regions

Abstract

The worldwide shift towards renewable energy, as defined by the United Nations' Sustainable Development Goals (SDGs) in 2015, is a crucial milestone in achieving a sustainable future. The core focus of SDG 7 is to advance the accessibility, dependability, and environmentally-friendly nature of energy, aiming to substantially enhance the proportion of renewable energy sources and enhance energy efficiency. Although there have been significant developments in renewable energy, notably in solar and wind technologies, the rate of transition is still inadequate to achieve climate objectives. This study examines the imperative of implementing policy changes and integrated strategies to align global and local goals, while tackling the issues of resource allocation and the pressing need to transition away from fossil fuels in order to mitigate global temperature increase. Case studies showcase effective national endeavors, such as Brazil's Proalcool, Germany's Energiewende, and India's ambitious renewable energy objectives, illustrating diverse strategies for bolstering renewable energy capability. The report also analyzes the economic consequences for emerging nations that heavily rely on fossil fuels and the expected effects of reduced fossil fuel consumption. This article offers a detailed analysis of the current advancements, difficulties, and variations across different regions in the field of renewable energy. It gives valuable information on the future of global renewable energy plans, highlighting the importance of unified worldwide endeavors to attain a sustainable energy future.