Assessing the Economic Impact of Renewable Energy from a Technology Perspective

Abstract

With the rapid development of society, the demand for energy is increasing. At the same time, the consumption of energy is increasing. According to the data, the proven oil on the earth can be used for human beings for 30~50 years, natural gas for 60~80 years and coal for 100~200 years. When these fossil energy is exhausted one day, mankind will face unprecedented difficulties. Therefore, it is urgent to develop renewable energy and renewable energy technologies. In this review, the author first analyzes and discusses the background of research and development of renewable energy technology. Then it classifies some renewable energy technologies and discusses their relationship with economic development. Finally, the impact of renewable energy on economy is analyzed, and the full text is summarized.