Highlights
Objectives:
The students should produce a report to address the following objectives for your given location as per table-1:
• Analyse the effects of renewable energy production and consumption on economic growth in your given location.
• Which combination of changes, costs and risks need to be socially acceptable to derive sustainable development?
• What measures need to be taken for your location to meet the sustainable development goals?
Narrative: When economists talk of sustainable economic growth, they are usually thinking of low inflationary growth that avoids an economic boom and bust. For example, the Lawson boom of the 1980s saw growth of 5-6% a year, which was unsustainable; it caused inflation and shortly afterwards there was an economic recession. However, sustainability increasingly raises questions of environmental sustainability.
Sustainable Development can be defined as the development to meet the needs of present without compromising the needs of the future generations. In other words, we can say the future generations should not face the crises of the resources which we are using today. Energy access is increasingly seen as a vital catalyst to wider social and economic development, enabling education, health and sustainable agriculture, and creating jobs.
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