Multifaceted impact of renewable energy on achieving global climate targets: Technological innovations, policy frameworks, and international collaborations

Abstract

This review comprehensively examines the multifaceted impact of renewable energy on achieving global climate targets, focusing on technological innovations, policy frameworks, and international collaborations. The study aims to highlight the critical role of renewable energy in mitigating climate change and promoting sustainable development. Methodologically, the paper synthesizes findings from the latest research and case studies to inform policymakers, industry stakeholders, and researchers. The main findings indicate significant advancements in renewable energy technologies, such as improvements in solar photovoltaics and wind turbines, which have enhanced efficiency and affordability. Energy storage solutions and smart grid technologies are crucial for integrating variable renewable energy sources into existing energy grids. Effective policy frameworks, including feed-in tariffs, tax incentives, and renewable portfolio standards, have been instrumental in driving renewable energy adoption. The role of international collaborations, facilitated by organizations like IRENA and agreements such as the Paris Agreement, is vital in promoting global renewable energy deployment. Conclusions drawn from the study emphasize that achieving global climate targets requires a multifaceted approach encompassing technological innovation, supportive policy frameworks, and robust international collaboration. Future research should focus on advancing renewable energy technologies, optimizing policy frameworks, enhancing international cooperation, and addressing socio-economic and environmental challenges. Recommendations include increased investment in renewable energy R&D, implementation of comprehensive policy measures that promote social equity, and strengthening international mechanisms for technology transfer and financial support. By addressing these areas, the global community can accelerate the transition to a sustainable and resilient energy system, ensuring a prosperous and climate-resilient future for all. Keywords: Renewable Energy, Climate Targets, Technological Innovations, Policy Frameworks, International Collaborations, Sustainable Development.