Renewable energy plays a crucial role in the global economy by driving sustainable growth and reducing dependence on fossil fuels. Investments in **solar**, **wind**, and **hydroelectric power** create jobs, stimulate technological innovation, and support energy independence. Renewable energy reduces greenhouse gas emissions and mitigates climate change, contributing to environmental sustainability. As costs decrease and technology improves, renewable energy sources become increasingly competitive with traditional energy markets. The transition to renewable energy supports long-term economic stability by diversifying energy sources and reducing volatility associated with fossil fuel markets, fostering a more resilient and sustainable global economy.