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“SUSTAINABLE DEVELOPMENT: BENEFITS OF AFFORDABLE AND CLEAN

ENERGY TO ENVIRONMENT AND ECONOMIC GROWTH"

CORTEZ, STEPHANIE JEAN M.

A TERM PAPER SUBMITTED TO:

MR. JUHN REE M. ESTOLLOSO

IN FULFILLMENT OF THE FINAL REQUIREMENTS FOR THIS COURSE

THE CONTEMPORARY WORLD

GE 7

DECEMBER 2023
TABLE OF CONTENTS

Page
Title Page ……………...............................................................................................................i
Table of Contents…………………………………………………………………………….ii
I. Introduction………………………………………………………………………………...1
I.I Objectives of the Study……………………………………………………………2
II. Body……………………………………………………………………………………...3-5
III. Conclusion……………………………………………………………………………...6
Bibliography.............................................................................................................................7

ii
CHAPTER I

INTRODUCTION

In this era, our everyday life depends on reliable and affordable energy. Our world

runs on the energy we produce, clean energy production allows us to generate the energy we

need without the greenhouse gas emissions and negative environmental effects that come

with fossil fuels, in turn helping to reduce climate change. lack of access to energy supplies

and transformation systems is a constraint to human and economic development.

the consumption of energy is the dominant contributor to climate change, accounting

for around 60 percent of total global greenhouse gas emissions. In this time characterized by

rapid industrialization, technological advancements, and a growing global population, the

demand for energy has never been more pronounced.

The environment provides a series of renewable and non-renewable energy sources

like solar, wind, hydropower, geothermal, biofuels, natural gas, coal, petroleum, uranium.

Energy efficiency and increase use of renewables contribute to climate change mitigation and

disaster risk reduction. Maintaining and protecting ecosystems allow using and further

developing different kinds of affordable and clean energy.

Renewable energy solutions are becoming cheaper, more reliable and more efficient every

day. Our current reliance on fossil fuels is unsustainable and harmful to the planet, which is

why we have to change the way we produce and consume energy. Implementing these new

energy solutions as fast as possible is essential to counter climate change, one of the biggest

threats to our own survival.

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I.I Objectives of the Study

1. To explore the concept of sustainable development and its significance in the current

global scenario.

2. To understand what are the affordable and clean energy and how they contribute to

sustainable development.

3. To analyze the impact of affordable and clean energy on environment and economic

growth.

4. To Encourage the development and deployment of renewable energy technologies such as

solar, wind, hydro, and geothermal power.

5. To propose strategies for promoting affordable and clean energy to stimulate sustainable

economic growth.

2
CHAPTER II

BODY

Affordable and Clean Energy is one of the 17 Sustainable Development Goals (SDGs)

established by the United Nations in 2015. It aims to ensure universal access to reliable,

affordable, and modern energy services while promoting the use of renewable energy sources

and enhancing energy efficiency and modern energy for all by 2030.

Sustainable development goal of affordable and clean energy expand infrastructure

and upgrade technology for supplying modern and sustainable energy services for all in

developing countries, in particular least developed countries, small island developing States

and landlocked developing countries, in accordance with their respective programs of

support. It also involves ensuring universal access to electricity and modern energy sources,

while reducing reliance on fossils and transitioning to renewable energy alternatives.

Affordable and Clean Energy focuses on addressing the global energy challenge by

providing access to reliable, sustainable, and affordable energy for all. It recognizes the

importance of energy in powering economic development, improving living standards, and

mitigating climate change. This SDG seeks to accelerate the transition to clean energy

sources and enhance energy efficiency to ensure a sustainable and resilient energy future.

Access to affordable and clean energy is crucial for eradicating poverty, improving

health and education, promoting economic growth, and combating climate change. By

expanding renewable energy sources and adopting energy-efficient technologies, this SDG

aims to create a more sustainable and equitable energy system that benefits both present and

future generations.

3
Affordable and Clean Energy Initiates Renewable Energy Expansion promoting

adopting and deploying renewable energy sources such as solar, wind, hydropower, and

geothermal energy, Energy Access for All provide universal access to modern and affordable

energy services, particularly in underserved areas and Energy Efficiency measures

Microfinance initiatives have been widely implemented to provide small loans and financial

services to individuals, particularly women and marginalized groups, who lack access to

traditional banking systems.

The affordable and clean energy sustainable development is a big help and important in

ensuring economic growth. This sustainable development goal is essential for mitigating

climate change and promoting environmental sustainability. Fossil fuel-based energy sources

are the primary contributors to greenhouse gas emissions, which are a leading cause of

climate change. By transitioning to clean energy sources such as solar, wind, hydro, and

geothermal power, we can significantly reduce carbon emissions and decrease our reliance on

finite fossil fuel resources. Access to reliable and affordable energy services is crucial for

improving living conditions and creating economic opportunities, particularly in low-income

communities. It allows businesses to operate efficiently, promotes entrepreneurship, and

stimulates job creation. It enables industries to flourish, driving economic growth and

development.

Affordable and clean energy of sustainable development goal also intersects with goals such

as good health and well-being, quality education, gender equality, and industry innovation,

among others. Access to reliable and clean energy is essential for improving healthcare

services, powering medical facilities, and ensuring the proper storage and distribution of

vaccines and medications.

4
The benefits of affordable and clean energy to environment and economic growth are

it Eliminates fuel costs lowers the cost of the electricity produced. It also means the price of

electricity isn't susceptible to changes in the price of fuels, like it is with natural gas or coal.

This may lead to more stable energy prices over the long term.

Environmental and economic benefits of using renewable energy include generating

energy that produces no greenhouse gas emissions from fossil fuels and reduces some types

of air pollution. Diversifying energy supply and reducing dependence on imported fuels.

Clean energy benefit human health (physical and mental) and safety also clean energy

technologies produce almost no harmful emissions known as greenhouse gases, such as

carbon dioxide—that are linked to numerous health problems. Clean energy also affects

environmental health and safety.

The pursuit of affordable and clean energy is not only essential for environmental

conservation but also integral to fostering economic growth, reducing inequality, and

promoting sustainable development on a global scale. It requires a concerted effort from

governments, businesses, and communities to transition towards a more sustainable and

equitable energy future.

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CHAPTER III

CONCLUSION

In conclusion, the benefits of affordable and clean energy are extremely extending across the

realms of environmental sustainability and economic growth. This impact underscores the

transformative potential of transitioning towards renewable and sustainable energy sources.

Affordable and clean energy is essential for mitigating climate change and promoting

environmental sustainability .

The economic benefits associated with affordable and clean energy are equally compelling.

The creation of jobs in the renewable energy sector, coupled with advancements in

technology and innovation, drives economic growth and enhances global competitiveness.

Clean energy investments contribute to stable energy costs, reducing dependency on

fluctuating fossil fuel markets and fostering long-term economic planning.

Affordable and clean energy of sustainable development goal promotes the use of renewable

energy sources and enhancing energy efficiency and modern energy for all. It also intersects

with goals such as good health and well-being, quality education, gender equality, and

industry innovation, among others that really help and contributed in the environment and

economic growth.

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BIBLIOGRPAPHY

 https://www.unep.org/explore-topics/sustainable-development-goals/why-do-

sustainable-development-goals-matter/goal-7

 https://www.epa.gov/statelocalenergy/local-renewable-energy-benefits-and-

resources#:~:text=Environmental%20and%20economic%20benefits

%20of,reducing%20dependence%20on%20imported%20fuels

 https://www.closethegapfoundation.org/glossary/affordable-and-clean-

energy#:~:text=Definition%20of%20Affordable%20and%20Clean

%20Energy&text=It%20involves%20ensuring%20universal

%20access,transitioning%20to%20renewable%20energy%20alternatives.

 https://www.energy.gov/eere/health-and-safety-benefits-clean-

energy#:~:text=Clean%20energy%20and%20energy%20efficiency,affects

%20environmental%20health%20and%20safety.

 https://sdg.neda.gov.ph/goal-7/

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