RENEWABLE ENERGY SOURCES - BENEFITS AND DRAWBACKS FROM THE PERSPECTIVE OF THE EXPERIENCES OF CHINA, BRAZIL, CANADA AND THE UNITED STATES

Abstract

The aim of the article was to identify actions, based on the experiences of China, Brazil, Canada, and the United States, that countries can implement to increase the share of hydro, solar, and wind energy in their economies. The analysis relied on a literature review and data obtained from the Our World In Data database. The findings indicate that there are effective strategies for clean energy adoption that can be applied worldwide. Key considerations include investing in appropriate infrastructure, developing new energy storage technologies, and implementing environmentally friendly methods for disposing of photovoltaic panels. It is essential to provide financial support for scientific research, particularly in assessing the long-term potential of renewable energy, considering geographic distribution, and evaluating public acceptance. Regulatory frameworks should strike a balance between promoting renewable energy expansion and avoiding excessive growth.