Interesting....... following

I think it depends on the country location.

The dominant scientific research in Iraq as an example is solar energy applications due to high solar intensity.

Interesting....... following

Non-renewable energies are by definition exhaustible. It is therefore necessary one day or another to replace them with renewable energies.

The problem is that the latter are not always environmentally friendly: wind or solar power, for example, are intermittent and must most often be supplemented by non-renewable energy.

In addition, the manufacture of the necessary materials is often expensive in terms of energy.

But in total, renewable energy seems to be the way of the future; once the various technical problems have been solved.

Renewable energy sources include wind power, solar, hydro, wave, biomass from plants, bio-ethanol from agricultural commodities, geothermal, and hydrogen.

The econometric and statistical analysis of the spot and futures prices and volatilities (that is, risk) of these energy sources, as well as the corresponding prices of stock exchange listed companies, is a hot topic in renewable energy finance.

The above question inspired me to the following considerations:

Should the state co-finance the development of renewable energy sources or only the private sector?

A significant part of the pro-ecological reforms as part of the transformation of the energy sector and the development of renewable energy sources is carried out by private companies.

However, these are usually undertakings not resulting from market processes only from changing legal norms established by the state administration.

In addition, the construction of large nuclear power plants, water plants and the type of large wind and solar farms absorbs huge financial resources with predicted relatively low profitability.

Therefore, private enterprises are not interested in investing in the development of large power plants that produce electricity under renewable energy sources if the state does not provide financial support under financial guarantees and a share in investment costs.

The development of electromobility in the automotive industry in some countries is also supported by the state to a large extent.

In some countries, the state from the budget funds of the central public finance system refinances a significant part of the costs of purchasing an electric car and finances the development of the necessary infrastructure of electric vehicle charging points deployed on the streets and arteries.

Therefore, the development of renewable energy sources, ie the key element of the pro-ecological transformation of the energy sector, should be coordinated organisationally and financially supported by the state.

In the context of increasing emissions of greenhouse gases to the atmosphere and the ever-faster global warming process, the pro-ecological transformation of the energy sector should be carried out as soon as possible.

It is not possible to implement proecological reforms in the energy sector and implement ecological innovations in other sectors of industry as well as wait for the resources of energy (hard coal, lignite, oil, natural gas) to run out.

This process can not be left solely to the market mechanism within the framework of classical or neoclassical economics.

In order for an environmentally-friendly transformation of the energy sector to be effected efficiently and as soon as possible, a significant share of financial support from the state is indispensable.

Do you agree with my opinion on this matter?

In view of the above, I am asking you the following question:

Should the state co-finance the development of renewable energy sources or only the private sector?

Please reply

I invite you to the discussion

Thank you very much

Best wishes

Many thanks for the interesting and helpful paper on co-financing the development of renewable energy.

In view of the above, it is also important to include in the above discussion also the following issue:

How do ecological innovations co-create the implementation of sustainable pro-ecological economic development?

In the coming years, humanity should carry out pro-ecological reforms of the classic energy based on the burning of minerals by converting it into environmentally friendly energy based on renewable energy sources. It should be possible to allocate as much as possible to this environmentally-friendly transformation of the energy industry because what will be realized in this matter over the next dozen or so years depends on the pace of the progressive and accelerating process of greenhouse gas emissions and global warming. Ecological innovations developed primarily in the field of new technologies of renewable energy sources are helpful in the process of proecological energy transformation.

Thanks to ecological innovations, the scope and possibilities of implementing sustainable ecological development are increasing. In connection with the progressing global warming process, it is necessary to develop eco-innovations in the field of renewable energy development, improvement of sorting techniques, recycling, electromobility, organic farming, plastic reduction from packaging and conversion of plastics to biodegradable materials, etc.

In this way, through the development of ecological innovations and their implementation on an industrial scale, it is possible to implement sustainable pro-ecological economic development in modern economies. This is a key challenge for humanity in the 21st century. It is a challenge to the necessary and possibly quick implementation in the coming years.

Do you agree with my opinion on this matter?

In view of the above, I am asking you the following question:

How do ecological innovations co-create the implementation of sustainable pro-ecological economic development?

Please reply

I invite you to the discussion

Thank you very much

Best wishes

Kindly the application of solar energy is important to search in it

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The main important thing related to the renewable energy source is about the concern that all countries have with pollutions and also greenhouse emission. Everyone wants to stop the pollutions in the most bigger cities and of course, also in the entire world. Besides, I think that those whole topics related to RES will be important for a research point of view.

Why does the development of energy based on renewable energy sources in individual countries develop at different rates?

In individual countries, depending on the structure of the classical energy based on the combustion of minerals, depending on the strength of the mining industry of minerals and power plants burning minerals, the possibilities of developing pro-ecological energy based on renewable energy sources are diversified.

Do you agree with me on the above matter?

In the context of the above issues, I am asking you the following question:

Why does the development of energy based on renewable energy sources in individual countries develop at different rates?

Please reply

I invite you to the discussion

Thank you very much

Best wishes