Renewable energy consumption and natural resource rents offer solutions for environmental degradation
Abstract
The pursuit of sustainable development has become an imperative in the face of increasing environmental degradation and climate change. One promising avenue is the transition to renewable energy sources, which not only mitigate greenhouse gas emissions but also offer opportunities for economic growth and environmental preservation. This article examines the role of renewable energy consumption and natural resource rents in addressing environmental degradation. By analyzing the potential of renewable energy technologies and the concept of natural resource rents, we explore how these solutions can contribute to mitigating environmental degradation and fostering a more sustainable future. The findings underscore the importance of prioritizing renewable energy investments and implementing policies that promote the efficient use of natural resources to achieve environmental sustainability.