Indirect Impact of Investments in Renewable Energy Sources on Other Sectors of the Economy
Indirect Impact of Investments in Renewable Energy Sources on Other Sectors of the Economy

Author(s): Lesan Timur
Subject(s): Economy, Business Economy / Management, Energy and Environmental Studies, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: electricity; renewable energy; investments; indirect effect from renewable energy sources
Summary/Abstract: In recent years, Europe has faced an energy crisis, which has been reflected in rising energy prices and limited availability of these energy resources. As a result, Europe and the world are actively investing in renewable energy sources, which provides economic growth by saving energy resources, and also creates energy independence, especially for countries that do not have traditional energy sources. In addition to the direct effect of introducing investments in renewable energy sources, there is also an indirect effect in the form of creating additional jobs, increasing GDP, and developing local industries related to the production and maintenance of renewable energy sources. In this article, we will consider the indirect effect of investing in renewable energy sources.

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