Renewable energy transition and its implication on natural resource management for green and sustainable economic recovery

This study examines the impact of renewable energy resource development on natural resource extraction and the possibility of green economic recovery. Through panel data analysis using data from 10 selected countries that significantly rely on fossil fuel consumption, the research reveals the intricate connection between conventional energy usage and natural resource depletion. China, Italy, France, the UK, and Germany have the potential to benefit from growth driven by renewable energy. The study shows that renewable energy resources can stimulate the economy while also promoting environmental sustainability. To work towards a more sustainable world, regulations need to take into consideration environmental impact, minimize inconsistencies, and encourage environmental education.