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Renewable energy can contribute to "social and economic development, energy access, secure energy supply, climate change mitigation, and the reduction of negative environmental and health impacts". Under favourable circumstances, cost savings in comparison to non-renewable energy use exist. [2]
The concern for climate change control and mitigation has consequently spurred policy makers and scientists to treat energy use and global climate as an inextricable nexus with effects also going in reverse direction [12] and create various initiatives, institutions and think tanks for a high-level treatment of the relationships:
Greenhouse gas emissions are one of the environmental impacts of electricity generation. Measurement of life-cycle greenhouse gas emissions involves calculating the global warming potential (GWP) of energy sources through life-cycle assessment. These are usually sources of only electrical energy but sometimes sources of heat are evaluated. [1]
Climate change mitigation policies can have a large and complex impact on the socio-economic status of individuals and countries This can be both positive and negative. [299] It is important to design policies well and make them inclusive. Otherwise climate change mitigation measures can impose higher financial costs on poor households. [300]
Energy has been harnessed by human beings for millennia. Initially it was with the use of fire for light, heat, cooking and for safety, and its use can be traced back at least 1.9 million years. [4] In recent years there has been a trend towards the increased commercialization of various renewable energy sources.
This trend is driven by increasing recognition of renewable energy's role in mitigating climate change and enhancing energy security, along with investor interest in alternatives to fossil fuels. Policies such as feed-in tariffs in China and Vietnam have significantly increased renewable adoption.