Prospects for Renewable Resources in Developing Countries
Table of Contents
For decades, developing countries such as India, Pakistan, Kenya, and Brazil have encountered a substantial growth in greenhouse emissions due to rapid industrialization and growth in transport and because of the unsustainable use of fuelwood and incessant deforestation. To solve the menace, the countries have to devote in complementary actions and policies that focus on energy efficiency by using renewable sources of energy appropriately (Kaygusuz, 2012). For instance, Brazil has adopted the advanced technologies by using sugarcane ethanol thus reducing its reliance on fossil fuels.
The initial stages of implementing alternative sources of renewable energy can be expensive. However, developing countries are encouraged to take the initiative and reduce the existing reliance on oil and natural gas as well as creating potential portfolios, which are less vulnerable to price fluctuations and availability uncertainty (Kristoferson & Bokalders, 2013).
Purpose of the study
The purpose of this study is to identify the prospects for renewable sources that developing countries can incorporate to reduce environmental impacts, prolonged the life of finite sources of energy secure suppliers for long-term supplies and eventually deliver substantive economic benefits (Esteban & Leary, 2012).
To identify the potential portfolios for establishing renewable energy sources for developing countries.
To ensure the impact of the environment is reduced in developing countries by more than sixty percent and prospect the benefits associated with the use of renewable energy.
To identify the appropriate strategies and technologies for implementing renewable energy sources in developing countries.
What are the potential portfolios for prospecting renewable energy sources for developing countries?
What strategies and technologies are associated with the implementation and utility of renewable energy in developing countries?
What benefits are associated with the use of renewable energy in developing countries?
Significance of the study
A study about prospecting renewable resources in developing countries is important because it will provide the scholars, investors, and governments a guide for identifying the potential portfolios, strategies and technologies appropriate for utilizing natural resources appropriately (Teske et al. 2012).
Research identifies that the developing countries hold a majority of the world’s population. For this reason, it is paramount that the transition to the use of renewable energy is accomplished with an immediate effect, rapidly and in an appropriate manner (Moriarty & Honnery, 2012). The local governments of India, Pakistan, Kenya and Brazil should shoulder the responsibility, develop feasible national policies, and foster international corporations for a foreseeable growth of their economy, environmental and attractive well-being (Ellabban, Abu-Rub & Blaabjerg, 2014). By accomplishing these strategies, the identified developing countries and other similar can enjoy the benefits of using the alternative energy sources in a wide scope (Esteban & Leary, 2012). Some technologies have been developed and approved as feasible for establishing renewable sources of energy such as the use of sugarcane ethanol in Brazil and geothermal power in Kenya (Teske et al. 2012). However, the systems are somehow limited due to heavy capital requirements and some like the use of ethanol is thought to be corrosive thus presenting a hazard (Kaygusuz, 2012).
The research will use quantitative and qualitative methods for developing substantial findings of the prospects for renewable resources in developing countries. The study will use structured questionnaires for quantitative assessment and statistical methods to analyze the findings concerning the topic (Creswell, 2013).
The target will be focused on the energy department of India, Pakistan, Kenya, and Brazil. The samples will be chosen strategically including 4 government officials from the identified counties, 3 prospective investors, and 3 officials from the energy department (Ragin, 2014).
The data obtained will be computed and subjected to statistical methods for analysis. This is important to determine the feasibility of the findings (Mourmouris & Potolias, 2013).
Data and Results
The data obtained will be compared alongside the findings to determine the feasibility of incorporating renewable resources in developing countries. This includes identifying the potential portfolios for developing renewable resources, confirming the appropriate strategies and technologies for each developing country and establishing the benefits of implementing renewable resources in each country (Pearce, Barbier & Markandya, 2013).
The discussions include acknowledging the essence of establishing feasible prospects for renewable resources in developing countries. It also includes identifying the limitations of the findings and if there is an existing literature gap (Moriarty, & Honnery, 2012).
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