Renewable Energy Transition Towards Sustainable Development: Benefits, Constraints, and Policy Guidance

The Renewable Energy (REY) has undergone modifications, laying a strong foundation for the “Renewable Energy Transition” (RET). The majority ownership of the “Renewable Energy Transition” lies with local members or shareholders, empowering it to distribute energy in the transition process. This, in turn, has the potential to unlock separate property and funding for renewable energy sources while providing social benefits. However, it’s important to note that technical solutions must be accompanied by increased public participation, considering aspects like interpretation, manufacturing expertise, spatial planning, and social sciences to ensure the successful implementation of any energy transformation. We recognize that investments and governance principles that account for the complementarity of renewable energy, spatial potential, demographics, potential resistance from incumbents, and the inclusion of traditionally marginalized communities are crucial for implementing REY and achieving a just energy transition in all Member States. This study employs a literature review to highlight the benefits and conducts a comparative analysis, considering recent literature, to address the constraints associated with the broad development of the Renewable Energy Transition. It also offers policy guidance for effective implementation, drawing examples from instances of delayed transition processes.