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Economic Impacts

The economy is dependent on the environment for all its resources from electricity to clothing. In fact, making changes will help the economy and individuals because environmental solutions are economic solutions. If humans continue to exploit fossil fuels at the current rate, then the resource will be diminished in under 100 years. Therefore, it is imperative to switch to renewable energy sources to make sure that there is energy for future generations. In addition, renewable energy sources like solar and wind energy are a good investment for the long term as they only involve a big installation cost, after which there is almost no expenditure. It is a sound economic decision that will be beneficial in the future.

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