Government Policy Responses to Oil Price Volatility and their Impact on Renewable Energy Investment in Developing Countries

Aarav Mittal
EECS and Business/Economics Student, United States of America

Akash Shethna
Business and Economics Student, India

Yashodhara Nalawade
Business and Economics Student, India

Hani Garside
Business and Economics Student, United States of America

 

Oil price volatility poses significant economic challenges for developing countries, impacting their energy security and economic stability. Government policy responses play a crucial role in reducing these effects. This paper examines the impact of these policy measures on the attractiveness of renewable energy investments in developing countries. By examining various policy tools and their implications, this study aims to provide a comprehensive understanding of how government interventions can influence the transition to renewable energy, emphasizing the potential for reducing reliance on fossil fuels while promoting sustainable development.

 

Published in: International Journal of Research in Engineering, Science and Management (Volume 7, Issue 10, October 2024)

Page(s): 40-47

Date of Publication: 16/10/2024

Publisher: IJRESM

 

 

Cite as: Aarav Mittal, Akash Shethna, Yashodhara Nalawade, Hani Garside, “Government Policy Responses to Oil Price Volatility and their Impact on Renewable Energy Investment in Developing Countries,” in International Journal of Research in Engineering, Science and Management, vol. 7, no. 10, pp. 40-47, October 2024.