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The concept of sustainable development assumes the harmonious, multidimensional development
of human civilization providing equitable access to basic goods and a clean environment for present
and future generations. Among the biggest threats to realizing such progress are the rapid
depletion of available fossil fuels on the one hand, and increasing emissions of CO2 on the other.
Given these factors, the development of renewable energy sources becomes a necessary condition
for achieving a sustainable development strategy. This paper characterizes the prospects of obtaining
energy from biomass, wind, solar, hydro, and geothermal sources, highlighting the need to
carry out necessary research in order to make better use of these energy sources. The analysis also
reveals that the use of biomass as an energy source does not always lead to a reduction in CO2
emissions. Additionally, the paper draws attention to the fact that the development of the renewable
energy sector creates a large number of workplaces, which is, from social point of view,
a favorable effect.
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