Publication Details
Abstract
The traditional model of economic growth heavily reliant on fossil fuels, has contributed to environmental degradation, climate change, and resource depletion. This path poses significant risks to ecological balance, public health, and long-term economic stability. This requires a paradigm shift toward cleaner, more sustainable energy systems. Sustainable development seeks to align economic progress with social justice and environmental responsibility to ensure that the needs of the present are met without compromising the ability of future generations to meet their needs. The essence of this vision is to shift to renewable energy sources as a pivotal strategy for achieving comprehensive and sustainable economic development which provides a path to separate economic growth from environmental damage. Accordingly, the aim of this study is to analyze the implications of economic performance and the resulting justifications that contribute to supporting and enhancing the use of renewable energy, the transition to a low-carbon economy and a clean environment within the framework of the Sustainable Development Goals, and providing insights to policy makers on the transition to sustainable renewable energy. The study's results were consistent with the economic theory of development, which states that renewable energy has an impact on reducing carbon dioxide emissions and enhancing sustainable development, while the variables of urban expansion, foreign direct investment, and economic growth have shown negative impacts on the environment despite their positive effects towards sustainable development. The main challenge therefore lies in identifying strategies that enhance economic growth within the framework of mitigating environmental damage and ensuring energy security especially since renewable energy sources represent a promising solution to this challenge by providing clean and sustainable energy alternatives compared to fossil fuels.