Table of Contents Introduction. 3 Statement of Research Problem.. 3 Main. 3 Sub Problem.. 3 Significance of the Study. 3 Literature of the Study. 3 Statement of the Research Aims and Objectives. 4 Research Aim.. 4 Research Objectives. 4 Research Questions. 4 Research Methodology. 4 Sampling. 5 Questionnaire: 5 Random Sampling. 5 Interviews: 5 Non probability, Judgmental Sampling. 5 Data Quality. 5 Validity: 5 Reliability: 5 Generalization: 6 Limitations to the Research. 6 Analysis Procedure. 6 Summary. 6 Conclusion. 6 References. 7 Introduction Every country and policymaker is insisting on their preference of renewable energy sources to the traditional non-renewable energy sources. However, this increased priority is only exhibited in international forums and not all the policies formulated towards the realization of renewable energy preference are being implemented. Developed countries have continued to insist on their commitment towards the deployment of renewable energy sources but implement very few actions that show this commitment (Blazejczak, J. et al, 2011, p.1). However, there are two levels at which decisions on energy use are made: The micro level which constitutes of the households and the individual firms in an economy and the macro level which is the state or regional level. These two levels of the economy are similarly affected in different ways by decisions on renewable energy use (Besada, H. 2013, p. 22). This paper is a proposal for a research that is meant to identify the impacts that the use of renewable energy has had on the economy at both the national and regional level and the microeconomic level that is made up of firms and households. In investigating these effects, a researcher needs to first determine whether these renewable energy sources have been utilized then go ahead to prompt on the effect that they have had on the economic agents. Statement of Research Problem Main This research aims at analyzing the impact that cleaner energies have on the world both at the microeconomic and macroeconomic level. Despite announcing their commitment on the utilization of these energy sources, countries and individuals still continue to use non-renewable sources of energy. Therefore, there exists need that we clarify on the impact of these energy sources. Sub Problem Countries are indecisive on whether they should make huge investments into clean energy. Research on the impact of these energies can help these countries arrive at a better decision. There is little proof that these clean energies can be sustainable once adopted. This necessitates research to prove to policy makers that these energies are sustained by nature and can meet the energy needs of the economies even better than the current fossil fuels. Significance of the Study There exists a number of renewable energies like wind, solar, geothermal, biomass and hydroelectric that can be used to provide significant amounts of energy while at the same time being beneficial to our climate and the ecosystems. According to Rand (2010) these sources of energy can generate jobs and revenue for communities from which they are drawn. Such revenue can be utilized for improving social amenities like roads, schools and hospitals. At the same time, the energy drawn from these sources is clean, affordable and in forms that can be efficiently utilized for both domestic and industrial uses. However, this information is not available to all the stakeholders (Omer, A. 2009, 2). This research is meant to raise awareness of the public regarding this topic to ensure that the current society sets up systems and policies that will ensure that these forms of energy are available for the future generations. Literature of the Study The use of renewable energy sources, such as solar, wind and hydraulic energies, is very old; they have been used since many centuries before our time and their applications continued throughout history and until the industrial revolution , at which time, due to the low price of petroleum, they were abandoned (Rand 2010) .However, a general definition of renewable energy sources is that renewable energy is captured from an energy resource that is replaced rapidly by a natural process such as power generated from the sun or from the wind. Currently, the most promising alternative energy sources include wind power, solar power, and hydroelectric power. Other renewable sources include geothermal and ocean energies, as well as biomass and ethanol as renewable fuels. Moreover, with using the renewable energy we can easily avoid energy related environmental problems, such as, Acid rain which is a form of pollution depletion in which SO2 (Sulfur dioxide) and NOx (Nitrogen oxide) produced by the combustion of fossil fuels are transported over great distances through the atmosphere and deposited via precipitation on the earth. Winfield, M. (2013, p. 13) notes that these renewable sources have been proven to be reliable and sustainable in the economies that they have been adopted. Statement of the Research Aims and Objectives Research Aim This research aims at identifying the positive impact that renewable energies has had on life, the world s economies, household and firm s economies and the environment. Research Objectives To identify various forms of renewable energy options available. To evaluate each source of renewable energy identified with the aim of describing how these sources contribute to the sustainability of renewable energies. To evaluate the impact that adoption of renewable sources at the microeconomic level has had on individuals and households. To examine some of the most significant international and national policies on renewable energy and assess the impact that they have had on the economy at these two levels. Research Questions What forms of renewable energy exist? What is the contribution of each of these energy sources to the sustainability of the energy sector in the economy? What policies relating to renewable energy exist at the national, regional and international level? What is the impact of these policies on the adoption of renewable energy at these levels? What are the impacts of adoption of renewable energy sources on the economy and the environment at the household, firm, national, regional and international levels? Research Methodology Considering the research methodology, different methods would be adopted for this research. First of all, the research philosophy would be positivism that is based on natural science, and depends on quantifiable observations, data collection and interpretation through an objective approach. Following that, the research would use deductive approach using logical reasoning. Data Collection This research will utilize both primary and secondary data. Collection and analysis of primary data will be preceded a keen examination of existing literature on the subject. Therefore, the first step will be a review of existing literature to determine the methods employed by researchers who have investigated similar or a related phenomenon. Academic and policy publications will be utilized at this level of research. This will be followed by a survey to collect primary data on the subject. Interviews and questionnaires will be used to collect both quantitative and qualitative data. Interview is a part of qualitative data whereas questionnaires and surveys are quantitative data as they use number and frequencies. The interviews can be conducted directly with individuals and employees in the field, or through phone calls and emails with experts of the domain. Similarly, questionnaire could also be distributed in the social media to the public to know their different perceptions on the subject. The research will rely on policy publications and reliable websites for statistics on the use of renewable energy at the national, regional and international level. Sampling Questionnaire: Random Sampling For the research will use stratified sampling to create a survey for the public online and through the social media. The sampling method will be targeting individuals who have undergone advanced education for they can easily interpret the concepts and provide reliable responses. Therefore the research will mainly target individuals with at least a bachelor s degree. However, the sampling will be random and the initial population will be vetted for this quality. Interviews: Non probability, Judgmental Sampling: It is more commonly known as purposive sampling. During the research, subjects are chosen to be part of the sample with a specific purpose in mind. With judgmental sampling, Experts or scientists are believed to fit more for the research compared to other individuals. This is the reason why they are purposively chosen as subjects. Data Quality The quality of the data is very important for this research. This will ensure: Validity: The data collected will be very valid and up to date. All the information provided will ensure the exact and accurate information. Reliability: As long as there are no better energy alternatives than the ones cited on the research , the data can be very reliable and effective for other researchers to use it. However, the advancement in technology, innovation and creativity should be taken into consideration by other researchers. Perhaps, the expected life time of data could be 1-2 years. Generalization: As this research use positivism philosophy and deductive approach, some generalized facts have been used in the research to collect qualitative data. Limitations to the Research This includes the possible problems while carrying out the research. Some of the problems expected are: It is not possible to interview each employee or expert in the business. Also, it is not possible to carry out survey on a large number of individuals. Hence, some major key factors could be missed. It is not possible to access information or data about the recent and newest technologies as it remain confidential due to patent rights and protection by government agencies against other countries that may have malicious interests. Time is very limited. Sometimes people are absent and postpone the dates of interviews. Good researches require samples that constitute a high percentage of the population under study. However, our research is limited by funds and will not be able to cover a very large number of respondents. Analysis Procedure This research will rely on the previous researches that have been done on the subject to determine the most appropriate procedures. The process of data analysis is usually complex and starts right from the step of data collection. The qualitative information obtained from the respondents will be clustered by putting information that has the same contents under similar headings. These headings will then guide the researcher in drawing conclusions about various phenomena that are under study. For quantitative data, tables, graphs and charts will be constructed and used to analyze the variations over time and regions and clustering in phenomena under study. Summary This research is about the renewable energies and their crucial role ensuring that both the environment and the economies are sustainable. The research will utilize individuals with advanced academic credentials to evaluate the effect that these clean sources of energy have had on the economy at the firm and household level. For data on the impact of these sources of energy, the research will utilize policy papers and websites of reliable departments in charge of related policies. This data will be put together and conclusions will be drawn on whether it is appropriate for economies, households and firms to adopt renewable sources of energy. Conclusion Cleaner Energies can solve a lot of problems in today s economies and may also be the solution to stop many conflicts around the globe turning around fossil resources. It is one of the crucial factors that should not be ignored. This justifies this research since it is meant to show the public and policymakers the likely positive impacts that adoption of renewable sources of energy will have. References Besada, H., Stevens, Y., Olender, M., 2013. Addressing the Economic Costs of Sustainable Energy in the Global South. Background Research Paper Submitted to the High Level Panel On the Post- ? 2015 Development Agenda. Blazejczak, J., Braun, F., Edler , D., & Schill, P., 2011. Economic Eff ects of Renewable Energy Expansion A Model-Based Analysis for Germany. Berlin: Deutsches Institut f?ªr Wirtschaftsforschung. Omer, A., 2009. Environmental and socio-economic aspects of possible development in renewable energy use. Journal of Agricultural Extension and Rural Development, 2(1). pp. 001-021. Rand, Tom., 2010. Kick The Fossil Fuel Habit: 10 Clean Technologies to Save Our World. Green Leaf Book Group. Winfield, M., 2013. Economic Impact of Renewable Energy Initiatives: Assessing Ontario s Experience in a Comparative Context. York University: Sustainable Energy Initiative Faculty of Environmental Studies.