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Consumption of fossil fuels and economic growth encourages the consumption of renewable energy sources, while the globalisation process reduces it. Economic pdf. IRENA and CEM (Clean Energy Ministerial) (2014), The Socio-economic Benefits of Solar and. Wind Energy, http An economic analysis of the Renewable Energy Project, to be financed through $53.2 million in grants has been conducted in accordance with ADB's GuidelinesAccelerating the transition to a renewables-based energy system represents a unique opportunity to meet climate goals while fueling economic growth, creating jobs and economic development. Renewable energy can be used in a variety of ways. This document focuses on the use of renewables (except.