Economic Study of the Use of Renewable Energy Sources (in terms of economy, efficiency, and effectiveness)

Abstract

This study aims to compute an econometric model, describing how various macroeconomic factors affect the consumption of renewable energy. The statistical tool used in this study is the multiple regression statistical model, which will give a governing relationship that can help us understand and quantify the factors that play a role in achieving our environmental and economic goals set and help in decision making in the future.