The Impact of Renewable Energy on the Economy of Lithuania

AbstractThe research purpose is to investigate negative and positive impacts of renewable energy sources (RES) on the economy of Lithuania on the basis of theoretical analysis, empirical investigation of significance of renewable energy for the economy and as well as possible threats for energy supply sources. The research is based on literature study, statistical and comparative research. Strategy for RES development has to be formed for a long-term period; this strategy has to be created by independent scientists not related to traditional energy producing business structures; it is necessary to involve into energy sector small investors so achieving bigger decentralized energy production based on RES expansion and parallel getting higher security of the energy sector