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This research investigates the capacity of renewable energy technologies to fulfill global energy requirements while mitigating environmental effects, concentrating on primary sources like sun, wind, hydropower, biomass, and geothermal energy. It evaluates the efficacy of various technologies for energy production, efficiency, economic viability, and reduction of carbon emissions. The findings underscore notable progress in solar and wind energy, demonstrating considerable efficiency enhancements (5% for solar PV, 10% for wind turbines) and cost reductions (67% and 64%, respectively) during the last decade. Hydropower is the most efficient energy source, converting 90% of available energy, albeit it is geographically constrained. The research highlights the environmental advantages, noting that renewable technologies substantially decrease CO₂ emissions—hydropower and wind energy prevent 250,000 and 120,000 metric tons of CO₂ annually, respectively. Nonetheless, obstacles such as the variability of solar and wind energy, elevated expenses associated with biomass and geothermal energy, and regional variations in implementation persist as substantial impediments. The research highlights the need for further developments in energy storage, grid modernization, and legislative assistance to expedite the worldwide shift towards renewable energy. This study synthesizes current statistics and trends, emphasizing the vital role of renewable energy in attaining a sustainable, low-carbon future, while also tackling ongoing economic and infrastructural problems.
Shivani Pawar (Thu,) studied this question.