Challenges and Way Forward of Renewables in Developing Energy Economy: Today and Tomorrow

With the rapid increase in population growth, the rate of utilization of fossil fuels in developing nations is becoming a serious source of danger to both humans and the environment because of its emission of Greenhouse Gas emission (GHGE) and pollution to the environment. This paper aim to investigate and analyse the challenges faced by developing nations in utilizing the available abundant renewable energy that are present almost round the clock. These range from high initial acquisition and installation cost, non or little presence of government policies towards utilization, poor stakeholders interest on renewable energy utilization promotion or implementation of renewable energy sources, power consumer/individual awareness of its benefits both to lives and the environment, myth and belief by some heliolatry worshippers, untrained/inadequate man power, poor or inadequate research renewable energy institutes, falsifications as well as importation of substandard products, very poor data mapping of renewable energy potentials among others. The way out of these challenges were also discussed as the major interest it to preserve greenhouse gas emission and achieve the overall industrialization goal of any nation through utilization of all available clean energy sources. This in turn will solve the problem of high unemployment and improve the overall per capital income. This will be a step in the right direction in ensuring that the gap is gradually getting bridged between the developed and the developing nations.

Keywords: Ghge, Renewable Energy Source, Developing Nation, Non Renewable Sources.