Renewable Energy refers to power derived from sources replenished on a human timescale, such as solar, wind, hydro, geothermal, and biomass.
These resources are largely free of the volatility seen in fossil fuel markets, contributing to energy security and price stability.
2. Benefits
Environmental Impact: Renewable technologies produce negligible greenhouse gas emissions, reducing the carbon footprint and helping fight climate change.
Economic Growth: Investments in renewables can create local jobs in installation, maintenance, manufacturing, and research.
Long-Term Savings: While initial capital costs can be higher, long-term operational costs are typically lower due to free fuel sources (sun, wind, water).