Role of Technology and Human Capital in the Development of Renewable Energy

The main aim of this study is to explore the role of technology and human capital in the development of renewable energy. The study used time series data from Pakistan spanning from 2005 to 2022 and employs Ordinary Least Squares (OLS) and Granger Causality tests for estimations. The estimation results of OLS reveal that human capital and technology innovation have a positive and significant impact on renewable energy development in Pakistan. Based on these findings, we suggest that the government should prioritize investments in education and training programs to build a skilled workforce in renewable energy and related technologies, offering incentives for students to pursue relevant studies and supporting for research and development in renewable energy technologies and encouraging collaboration among academia, industry, government and global organizations.