Solar energy and its impact on the economy of vinnytsia oblast

Анотація

Dependence on non-renewable energy sources in the modern world is one of the main issues that require an early solution. This topic is relevant because burning fossil fuels creates carbon dioxide, the main greenhouse gas emitter that contributes to global warming. Moreover, at the current rate of global energy demands, fossil fuels cannot replenish fast enough to meet our growing needs, thus becoming economically inefficient.

To solve these problems, renewable energy derived from natural processes should replace non-renewable one. Its utilization can significantly improve the economic efficiency of the existing technologies at the state and regional (oblast) level. Nowadays, a number of organizations are increasingly investing in renewable energy, so it is an attractive industry for the regional development.