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renewable energy could transform the way in obtaining future energy for the needy.
It is one of the significant way in order to accomplish the Millennium Development
Goals from United Nation.
In addition, high scale production of renewable energy also can possibly empower
development and improvement in third world nations.
Although renewable energy has lot of benefits, the costs for renewable energy
technology still are expensive. Contribution in form of loans and development
grants are really important in order to cut the costs for the technology.
In addition, some renewable energy sources may repudiate the fulfillment of other
development objectives as shown in fuel versus food debate.
However, we need to keep in mind that there are policy problems in global level. In
order to reduce the cost and fight the challenge in energy distribution, new financial
mechanisms at global level need to be create and applied.