Complementarity and Substitution Effects of Investments in Renewable Energy and Global Economic Growth: Strategic Planning Opportunities for Development of Rural Areas

Szczepan Figiel, Zbigniew Floriańczyk, Barbara Wieliczko · 2025 · Energies

Summary. Renewable energy investments drive global economic growth and create jobs in rural areas where land and resources are abundant. The authors analyze how renewable energy investments complement or substitute for other economic activities and examine strategic planning approaches across countries. They find that renewable energy investment boosts economic growth and that different nations prioritize rural renewable development differently in their policy frameworks.

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Figiel, S., Floriańczyk, Z., & Wieliczko, B.. (2025). Complementarity and Substitution Effects of Investments in Renewable Energy and Global Economic Growth: Strategic Planning Opportunities for Development of Rural Areas. Energies. https://doi.org/10.3390/en18174702

@article{figiel-2025-complementarity-substitution-effects-investments-renewable,
  title   = {Complementarity and Substitution Effects of Investments in Renewable Energy and Global Economic Growth: Strategic Planning Opportunities for Development of Rural Areas},
  author  = {Szczepan Figiel and Zbigniew Floriańczyk and Barbara Wieliczko},
  journal = {Energies},
  year    = {2025},
  doi     = {10.3390/en18174702},
  url     = {https://doi.org/10.3390/en18174702}
}

TY  - JOUR
TI  - Complementarity and Substitution Effects of Investments in Renewable Energy and Global Economic Growth: Strategic Planning Opportunities for Development of Rural Areas
AU  - Szczepan Figiel
AU  - Zbigniew Floriańczyk
AU  - Barbara Wieliczko
JO  - Energies
PY  - 2025
DO  - 10.3390/en18174702
UR  - https://doi.org/10.3390/en18174702
ER  -

Details

DOI: 10.3390/en18174702
Countries: European Union
Categories: energy, regional-innovation-systems, policy
Added: 2026-04-28