Determinants of Renewable Energy Development: Evidence from the EU Countries

Sustainable development of the global economy can be achieved with help renewable energy (RE). The paper investigates determinants RE in order to boost its adoption. deployment were analyzed using random-effects GLS regression for panel data from 27 EU member states 2011–2020.The results confirm that economic and high employment advanced technology manufacturing are drivers sector, whereas unemployment growth affects negatively. Our show active political participation freedom promote RE; however, level corruption democracy does not have a statistically significant impact on it. Favorable geographical location was proved determinant development. hypothesis plenty natural resources discourage countries develop disproved. major policy implications promotion include importance deregulation, open market educational transformations. Following results, prospects further research outlined.