E ISSN: 2583-049X

International Journal of Advanced Multidisciplinary Research and Studies

Volume 4, Issue 2, 2024

Sustainable Development and Renewable Energy Policy: A Review of Global Trends and Success Stories

Author(s): Oladiran Kayode Olajiga, Igberaese Clinton Festus-Ikhuoria, Riliwan Adekola Adebayo, Nwankwo Constance Obiuto

DOI: https://doi.org/10.62225/2583049X.2024.4.2.2551


As the world grapples with the pressing challenges of climate change and environmental degradation, the imperative for sustainable development and the adoption of renewable energy policies has become increasingly apparent. This comprehensive review explores the global landscape of sustainable development and renewable energy policies, shedding light on emerging trends and success stories that offer valuable insights for policymakers, researchers, and practitioners. The paper begins by examining the evolving international discourse surrounding sustainable development, emphasizing the crucial role of renewable energy in mitigating the adverse effects of climate change. It delves into the key principles and frameworks that guide global efforts towards sustainable development, highlighting the interconnectedness of economic, social, and environmental dimensions. The review identifies and analyzes the diverse approaches and strategies employed by countries worldwide to integrate renewable energy into their policy frameworks. Case studies from various regions showcase successful initiatives, emphasizing the impact of well-designed policies on fostering a transition to cleaner and more sustainable energy systems. Examples of effective policy instruments, such as feed-in tariffs, renewable energy targets, and innovative financing mechanisms, are explored to provide a nuanced understanding of the factors contributing to success. Furthermore, the review critically assesses the challenges and barriers hindering the widespread adoption of renewable energy policies, including policy inconsistencies, technological constraints, and socio-economic factors. Insights gained from the analysis offer valuable lessons for refining existing policies and developing new strategies to accelerate the global shift towards sustainable and renewable energy solutions. This review serves as a comprehensive resource for policymakers, researchers, and stakeholders, offering a nuanced understanding of the current global trends in sustainable development and renewable energy policies. By drawing upon success stories and identifying key challenges, it provides a roadmap for fostering effective and scalable solutions to address the urgent need for a sustainable energy future.

Keywords: Sustainable Development, Renewable Energy, Energy Policy, Global Trends, Review

Pages: 648-656

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