THE ECONOMIC SIGNIFICANCE OF RENEWABLE RESOURCES

This article analyzes the role and importance of renewable resources in the modern economy from scientific-theoretical and practical perspectives. The study examines, through a comprehensive approach, the impact of renewable energy sources—solar, wind, hydropower, and biomass—on economic growth, investment activity, energy security, and environmental sustainability. It also analyzes the growing share of renewable energy at the global level and its influence on the competitiveness of national economies. Within the framework of the sustainable development concept, the article substantiates the economic efficiency of using renewable resources, the profitability of capital investments, the potential for job creation, and their role in reducing dependence on energy imports. The analysis is based on data from the International Energy Agency and the World Bank, reviewing recent trends in renewable energy investment growth.