Renewable Energy in the Mediterranean Sea: The Economic Influence

The aim of our thesis is to study the current situation of renewable energy in the Mediterranean Sea and to examine the relationship between GDP and renewable energy consumption; by using statistical techniques as correlation tests, cluster analysis and multiple linear regression models. It is in the latter that the main contribution of this research has been made. This research has made it possible to perceive the close relationship between renewable energy and gross domestic product. Our research broadens the knowledge basics of this field in the Mediterranean countries’ context. It gives focus on the available energy sources in this region, in order to understand better the social and environmental role of renewable energy in achieving sustainable development. The results of this study will enable researchers to create a stronger theoretical and empirical basis through which future research about the economic, social and political aspects of renewable energy can be developed.