Using Renewable Energy to Reduce Production Costs and Achieve Environmental Sustainability: An Applied Study

Abstract

This paper aims to investigate the impacts of solar energy exploitation on the reduction of cost of production and the enhancement of environmental sustainability. The analysis produced a number of results with the most notable one being that solar energy is an important modern technology that can be used to curb the cost of production and lessen the use of fossil fuels in the production of power. As a result, this dynamic results in high levels of emissions of pollutants that can be attributed to the expansion of industrial activity. In addition, solar energy is critical towards stemming out carbon emitting mechanical propulsion systems driven by fuels besides conserving resources and attaining cost savings and enhanced environmental performance.