Policy and Socio-Economic Impacts of Renewable-Integrated Smart Grids in Developing Economics

Abstract

Smart grid integration based on renewable energy offers developing nations a game-changing chance to attain equitable and sustainable growth. The socioeconomic effects of installing smart grid systems in low-and middle-income areas that are fuelled by renewable energy sources like solar, wind, and biomass are investigated in this paper. In addition to improving energy availability and dependability in under privileged rural and peri-urban region, these technologies help boost economic growth by empowering disadvantaged people, especially women, creating jobs, and increasing productivity in small businesses and agriculture. Improved healthcare service, better educational results, and major environmental benefits from a decrease in air pollution and greenhouse gas emission are examples of social benefits. The report emphasizes effective models, identifies important policy and infrastructural obstacles, and provides governments, development agencies, and stakeholders with practical suggestions based on real-world case studies from nations including Bangladesh, Kenya, and India. The results highlight how renewable-based smart grids are a catalyst for social justice, economic stability, and environmental sustainability in the Global South rather than just a technological fix.