Affiliation:
1. Bharath Institute of Higher Education and Research, India
Abstract
An effective use of energy is the pre-condition for financial development. But excessive use of fossil fuels harms the environment. As renewable energy creates no or low greenhouse gases, other countries are trying to increase the use of energies from renewable sources. At the same time nations have to keep economic growth. The renewable energy does not deter economic growth for both developing and developed countries. There is little significance of overwhelming renewable energy on economic growth for developed countries.
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