(Institute of Social Sciences, 2019)
Zeren, Ahmet Baran; Chakravorthy, Shourjo; 569165; Economics; Ekonomi
The growth hypothesis suggests that an increase in energy consumption causes an increase in real GDP. In this study, the association between real GDP and renewable energy investment are examined. The local nature of renewable energy resources is one of special importance for sustainable energy due to the fact that their countries reduce dependence on external energy sources and they are continuous and clean energy sources. For this reason, the contribution of renewable energy in global final energy production was 8.5% in 2013 while the incentives for the dissemination of renewable energies in many countries of the world increased from 19.1% in 2014 to 23.7% in 2015. This situation shows that approximately one fifth of the energy consumed in the world (1/5) is met from renewable sources. The reason why the issue is so important is the two major problems facing the world, especially economic reasons.