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Achieving Sustainable Development Through Hydropower– A Worldwide Approach

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  • ANDREEA CIRSTEA

    (BABES-BOLYAI UNIVERSITY, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, CLUJ-NAPOCA, ROMANIA)

Abstract

Hydropower is a renewable energy source that is expected to ensure the transition to a cleaner and unpolluted world, together with the natural gas. Even if is one of the renewable energy sources that can be affected by persistent climate change in many regions of the world, it is still one of the most used by people in the last 2000 years. This study aims to give an overview of the present situation of hydropower and its future social, economic and innovation perspectives and challenges. In order to achieve the main purpose of the research, we used a quantitative analysis to reveal useful insights concerning the status of the current situation of hydropower sector. Also, we conducted a detailed qualitative analysis regarding the impact of economic, social and technological trends of hydropower to contribute to the enrichment of the research field. It can be concluded that hydropower is a sector on an ascending trend with major social, economic and technological implications. Despite slower capacity growth, hydropower will remain the largest source of renewable electricity generation. Its positive impact for all dimensions is beyond climate risk of the hydropower industry. There are voices which suggest that hydropower may be excluded from some “green” investment mechanisms due to its perceived carbon footprint. It will be very hard for governments and other authorities to deny the impact of hydropower sector on the road to achieve sustainable development.

Suggested Citation

  • Andreea Cirstea, 2019. "Achieving Sustainable Development Through Hydropower– A Worldwide Approach," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 39-46, August.
    • Handle: RePEc:cbu:jrnlec:y:2019:v:4:p:39-46
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    References listed on IDEAS

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