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Abstract: In general, in the recent decades, the renewable energy's contributions in terms of economic and social development are remarkable. Moreover, it should be emphasize how fast the world's countries have come to realize the need to support the renewable energy's development and how quickly they approved and implemented their national legislative framework in order to facilitate the sustainable development. Furthermore, it should be taken into account that, ten years ago, only a quarter of the world's countries had programs dedicated to the renewable policies, as well as objectives of integration in the national energy mix. Nowadays, however, over 90% of the countries (the majority of the countries) have established policies and objectives, as well as results, obtained in only a decade, through the close and successful collaboration between the industry's associations together with the governments of all the countries. In only ten years, almost all the countries in the world have adopted legislative measures and have set targets to reduce the pollution. Additionally, it can be stated that Romania is in this group of states. In this paper, as an element of novelty, the author proposes an inclusive model of sustainable economic development, based and focused on the renewable energy sources available in Romania.
Keywords: economic growth; renewable energies; sustainable development; inclusive model
JEL : Q47 ; Q48 ; Q55.
Introduction
The dynamics of the changes in the renewable energy policies and their diversification are a clear sign that the world understands the dangers of pollution, resulting primarily from the production of energy in various forms, without which today's society could not exist. Due to the fact that energy itself represents the basis of economic development, the link between sustainable economic growth and the growing need for the resources that produce energy becomes natural and logical (Bayar, 2016). Overall, the investment in the renewable industry (for producing energy and fuel) increased six times over the past ten years, totalling more than 2 trillion dollars worldwide. It is true that in this matter it should also be considered here, additionally, the government's subsidy and support programs, which play a decisive role (Popescu, G. H. & Bitoiu, 2016). Contrary to the general conception, many developing countries have begun to invest heavily in the renewable industry....