Market Dynamics and Technical Change
Renewable energy technologies are systems and methods designed to harness energy from natural resources that are replenished over time, such as solar, wind, hydroelectric, and geothermal power. These technologies are crucial for reducing dependence on fossil fuels, decreasing greenhouse gas emissions, and promoting sustainable development. Their integration into the energy market signifies a shift towards cleaner energy sources that can mitigate environmental impacts and foster economic growth in the long term.
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