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The Economic Benefits Of Investing In Renewable Energy

It’s not a secret that the current global economy is rocky, to say the least.

Partly, this is a result of massive portions of the stock market depending on industries that simply don’t have a long term future – most notably, the fossil fuel industry.

While a lot of commentators decry the costs associated with renewable energy, in reality, the economic benefits far outweigh those expenses.

Let’s explore some of those economic advantages, from job creation to regional development. 

Job creation

Renewable energy systems don’t just magically appear – they’re complicated systems that require a massive team of specialist workers to build and maintain them. As a result, investing in renewable energy means investing in jobs.

These jobs appear throughout the industry, from research and development teams working in universities all the way to rope-access workers who need to maintain wind turbines on a regular basis.

The Economic Benefits Of Investing In Renewable Energy

Additionally, there will be more jobs created in the training of those workers, necessitating investment in specialist education centres.

Sustainable economic growth

When making an investment, it’s obviously beneficial to be able to have confidence that it’ll be a good investment in the long term, not just an unpredictable bubble.

A lot of current popular investments seem to fall into that latter category, making something as stable as renewable energy incredibly attractive to a wide range of investors.

Simply put, renewable energy is here to stay. As it continues to take over the role of ‘tradition’ energy sources such as oil and coal, it will likely continue to take on a long-term role in the global energy supply

Cost saving

While renewable energy infrastructure often comes with a high initial price tag, running costs are incredibly low, and the source of the energy, whether wind, sun or water, will remain free forever. 

As a result, the ROI that investors can expect to achieve from renewable energy systems is impressive.

As the technologies that facilitate these systems become increasingly reliable and efficient, renewable energy will only continue to grow in popularity as a stable, high-return investment.

Energy independence

More and more people and countries are coming to recognise the importance of energy independence, especially after the volatility of the past couple of years.

Renewable energy can provide high levels of energy dependence, whether for an individual, an energy company, or an entire country. 

These energy sources are abundant and aren’t owned by anyone – no aggressive state can turn off the wind, making it a highly attractive investment no matter the global political situation.

Technological innovation

Finally, investing in renewable energy systems means directly investing in technological innovation.

Research and development teams across the globe are constantly working on new, better ways of harnessing renewable energy sources, and coming up with innovative technologies that have wide-ranging implications.

These technologies can then go on to become part of the company in question assets, to be produced and exported around the globe.

These benefits point towards renewable energy as being one of the most stable, forward-thinking areas that the modern investor could choose to pick. 

Thanks to the team at Exagen for their insights that helped create this article.

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