The article considers the prospects of using renewable energy sources in agriculture. The authors focused on the following types of renewable energy sources: Solar, biomass, wind, and hydro generated power. Based on the analysis of Renewables Global Status Report data, the authors identified a decrease in the amount of investment in renewable energy and fuel by developed countries in developing countries. This work highlights the main reasons for the development of renewable energy (environmental safety, energy independence), as well as positive and negative aspects of the transition to renewable energy. The authors of the article reveal the features of job creation in the renewable energy industries, which will compensate for the loss of jobs in the field of fossil energy. Much attention is paid to the economy of renewable energy sources, revealing the relationship between energy use and economic growth. According to the authors, the use of RES not only increase the level of energy supply to remote rural settlements, but also can have a significant positive impact on the economy of agriculture.
Among the strategic goals of the European Union (EU) is to upsurge the consumption of green energy in its member states, bringing together financing, technological, and innovations around customer engagement. Most researchers have been conducted around the green economy in Kazakhstan, but petite examination has been done on the influence of the fiscal sector on renewable consumption of energy. This research paper centers on the link between energy usage, economic progress, fiscal expansion, and energy prices in Kazakhstan using the Vector Error Correction Model Technique. The valuation results revealed a positive and substantial influence on economic and financial development on the consumption of energy. Prices of energy represented by the Consumer Price Index had an indirect influence on the consumption of energy. These two analyses are in tandem with theoretical findings and expectations. Further, the findings depict that a percentage increase in fiscal and economic growth leads to increased energy usage by 0.11% and 0.39%, respectively.
Green energy is considered the backbone for all the environmental strategies as it impacts the organizations in three key areas, such as the economy, society, and environment. Green energy projects have emerged as the sustainable drivers of economic elevation for a country, replacing the conventional energy sources that damage the ecology to a great extent. In this paper, the primary purpose is to overview the financial processes to pursue green energy. Moreover, this paper has analyzed all the financial mechanisms required in Georgia to carry out green energy projects. This paper has also compared Georgia's economic mechanisms with those of another developing country, Kazakhstan. For this purpose, this paper has gathered the secondary sources of data to identify the financial processes and the associated risks of Georgia's financial operations for pursuing the green energy processes. For understanding Georgia's financial mechanisms, this paper has incorporated descriptive analysis tools and regression analysis.
This article combines individual data from household surveys in the Latin American countries to obtain a regional income and analyse its distribution and recent changes. It concentrates upon whether distributive changes in the countries over the past decade have improved income distribution between individuals or widened gaps. The region’s indicators of global inequality declined considerably during 1997-2014. This decline in global inequality is explained essentially by the reduction of inequality within Latin American countries, especially in Brazil. The incomes of the inhabitants of Latin America are now more equal in relative terms than a decade ago, although differences in the countries’ average incomes have increased.
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