<abstract xmlns="http://www.w3.org/1999/xhtml"><p> Rapid economic development has resulted in the more frequent use of renewable energy technologies. On the other hand, the production and use of renewables fosters the development of new technologies, creating many new opportunities for entrepreneurial-minded individuals and, consequently, the economy in general. Renewable energy technologies have a multiplier effect in spurring the economy and the development of not only the energy sector but also all the supporting activities related to such industry. The purpose of this research is to analyse both the positive and the negative economic effects of investing in various renewable technologies, as well as to confirm, by means of the energy-economy model, the benefit of such technologies in boosting the economy.</p></abstract>

Rapid economic development has resulted in the more frequent use of renewable energy technologies. On the other hand, the production and use of renewables fosters the development of new technologies, creating many new opportunities for entrepreneurial-minded individuals and, consequently, the economy in general. Renewable energy technologies have a multiplier effect in spurring the economy and the development of not only the energy sector but also all the supporting activities related to such industry. The purpose of this research is to analyse both the positive and the negative economic effects of investing in various renewable technologies, as well as to confirm, by means of the energy-economy model, the benefit of such technologies in boosting the economy.

Economic Effects of Renewable Energy Technologies

Naše gospodarstvo/Our economy

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Economic Effects of Renewable Energy Technologies"}

Rapid economic development has resulted in the more frequent use of renewable energy technologies. On the other hand, the production and use of renewables...

Economic Effects of Renewable Energy Technologies

Article Category: Review Paper

Published Online: Jun 27, 2017

Page range: 49 - 59

Received: Nov 01, 2016

Accepted: Apr 01, 2017

DOI: https://doi.org/10.1515/ngoe-2017-0012

© 2017

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.