Renewable energy, non-renewable energy and sustainable development

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The purpose of the present study is to analyse the effects of renewable energy and non-renewable energy on sustainable development. This study is pioneering in this respect because it analyses the effect of renewable energy on adjusted net savings, which is a good sustainable development variable. For this purpose, the data of 40 developed and 73 developing countries were included. According to the estimation results obtained in the study, renewable energy has a positive and statistically significant effect on sustainable development both in developed countries and in developing countries. The impact of renewable energy on sustainable development is greater than the impact of non-renewable energy. In this respect, as the renewable energy amount increases, the level of sustainable development increases. According to these results, the fact that countries use renewable energy more than non-renewable energy sources is extremely important in terms of making progress towards sustainability of development and the 2030 Sustainable Development Goals.