Over the past decade, the large-scale deployment of renewable energy (RE) technologies has unveiled the massive potential of RE to generate socioeconomic (SE) benefits. As a result, RE and SE outcomes are leaping to the forefront of government discussions and strategic decision making. This is particularly true in developing economies, where governments see the growth of the RE sector as an opportunity to develop new skills and create new jobs for their people, improve gender equality, contribute to industrial development, and support local development in sites surrounding RE projects. However, an assortment of obstacles can keep countries from realizing the full benefits of RE deployment.
A Sure Path to Sustainable Renewable Energy: Maximizing Socioeconomic Benefits Triggered by Renewables, a product of the Sustainable Renewables Risk Mitigation Initiative, has been designed to address these challenges and spell out the steps and entry points for boosting the socioeconomic benefits of RE programs.
The report details the steps involved in developing a program to maximize the socioeconomic benefits of an RE deployment. It highlights links connecting the steps and sets out an integrated approach. The handbook also includes a diagnostic tool to lay the path forward and track national progress toward a successful RE program that maximizes socioeconomic benefits.