Influence of Renewable Energy Adoption on Carbon Emission Reduction in Developed Economies
DOI:
https://doi.org/10.47672/ajcs.2498Keywords:
Renewable Energy, Carbon Emission Reduction, Developed EconomiesAbstract
Purpose: The aim of the study was to assess the influence of renewable energy adoption on carbon emission reduction in developed economies.
Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries.
Findings: The study found that increasing the share of renewable sources, such as wind, solar, and hydropower, leads to a notable decrease in greenhouse gas emissions. For instance, a report by the International Renewable Energy Agency (IRENA) found that global carbon dioxide emissions could be reduced by up to 70% by 2050 if countries transition to renewable energy systems. Furthermore, a study conducted in the European Union demonstrated that countries with higher renewable energy investments had significantly lower per capita emissions compared to those relying heavily on fossil fuels. These findings suggest that transitioning to renewable energy not only supports sustainability goals but also plays a crucial role in mitigating climate change by reducing overall carbon footprints.
Implications to Theory, Practice and Policy: Innovation diffusion theory, sustainable development theory and social practice theory may be used to anchor future studies on assessing the influence of renewable energy adoption on carbon emission reduction in developed economies. In practice, implementing robust policy frameworks is essential for stimulating investment in renewable energy technologies. Policymakers should prioritize the creation of coherent renewable energy policies across different levels of government to enhance effectiveness.
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