Renewable Energy: Is It The End of the Oil Boom for Developing Nations?
As developing countries struggle for cash inflows, the reality hits home
You turn the TV and browse your internet feeds; from social media to blogs and news pages, the highlights are all about the ‘green initiative’. Every country is pushing for a cleaner planet and ecosystem, pointing guilty hands at other countries who don’t support the movement. Well, before you point your hands at me, you better calm down and realize that this issue is deeper than just performing climate activism stuns online. Yes, you read correctly
With the oil boom came a fresh hope for countries that were immersed deeply in poverty. Previously, the oil boom didn't happen. Countries focused on agriculture exports to produce money for themselves, sustain and keep the economy going. A case study of this article will be on Nigeria. The oil giant is getting a shove on getting onboarded into the green initiative agenda, but the African giant continues to bait time.
In this article, some questions will be answered using insightful data points, they include; What is renewable energy? Why is the world headed towards renewable energy? Can developing countries meet the set target of adopting green energy initiatives? Will oil still be in maximum use?
