The role of renewable energies in the transition to a sustainable energy model: Challenges and opportunities

Main Article Content

Dayana Mishell Alvarez Constante
Carlos Rolando Rosero Erazo

Abstract

This study focused on the important role of renewable energies in the transition to a sustainable energy model and assessed their benefits, challenges and opportunities. Renewable energies have been identified as an important solution to respond to climate change by reducing greenhouse gas emissions and diversifying the energy matrix. However, challenges have been identified, including the scarcity and variability of renewable energy sources, high upfront costs and the need for infrastructure improvements. However, significant opportunities in energy storage were highlighted, including technological advances, favorable policies and regulations, and financial innovations. The positive socio-economic impact of renewable energy on job creation, social development and poverty reduction has also been demonstrated. In summary, the importance of harnessing the potential of renewable energy and addressing current challenges is key to moving towards a more secure and sustainable future.

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How to Cite
Alvarez Constante, D. M., & Rosero Erazo, C. R. (2024). The role of renewable energies in the transition to a sustainable energy model: Challenges and opportunities. Journal of Business and Entrepreneurial Studie, 8(3), 38–48. https://doi.org/10.37956/jbes.v8i3.372
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