Trade in Renewable Energy: Importance and Challenges

Aditya Choudhary

Abstract: The problem of degradation of environment by the pollution being created by burning of fossil fuels is certainly an important issue, which is being addressed, but not in a required manner. One of the most important things, which can effectively help in addressing the environmental pollution concerns, is the adoption of renewable energy as the emissions from the burning of fossil fuels is the major concern. This is the ace in the deck of transformations needed to save our planet from degradation. Easy access and implementation of renewable energy systems is the condition precedent for the widespread use of the renewable energy hence the international trade in RE systems must be given priority. However there are a lot of hurdles in trading the Renewable Energy (RE) systems and the instruments and technologies used in those systems. We shall discuss those issues and probable solutions further in this article

Keywords: Renewable energy, RE systems, International trade, fossil fuels