Introduction There are two main types energy resources. Renewable and nonrenewable sources of energy. Renewable sources of energy means all those sources of energy that have multiple uses and nonrenewable sources of energy are those sources that use only one time. In past we have more focus on the use nonrenewable sources of the energy. There is two main causes due to which we more shift towards renewable sources of energy. First the nonrenewable sources of energy is limited resources and second most of non-renewable sources is badly effect the environment. Due to the high use of these nonrenewable resources of energy during the twenty and nineteen century they badly demaage the atmosphere (Laslett, et al. 2017). Due to the use of these nonrenewable sources of energy they cause many environmental issues such as global warming and climate change. Most of the non-renewable sources of the energy produced CFC and GHG (chloro flora carbons and greenhouse gases) that are very dangerous for the globe.Second, these resources of energy is limited. Due to high use of these resources in past that resources are near to end. Due to this reason most of the countries shift from nonrenewable to renewable energy sources. Renewable sources of energies all those sources which have multiple uses and they are environment friendly and cannot produces CFC and GHG that are threat for globe (Martin and Rice, 2015). These sources of energy includes wind energy, solar energy and Hydral power. These are the major renewable sources of energy that are environment friendly and have unlimited sources of energy.Economic perspective of energyNonrenewable resources of energy petroleum and gas have limited resources due to that the prices of these resources of energy are higher and due to that the most of the countries transform from nonrenewable to renewable energy resources. The distribution of nonrenewable energy resources is discriminatory, in some region of the world have a rich in oil and gas and some parts of the world face high scarcity of these resources and the imports oil and gas from other countries that are rich in these resources (Kent and Mercer, 2006). Due to discriminatory division of these nonrenewable resources of the energy most of the countries spend huge amount on import of oil and gas they impact very badly on their economies.Imports of energy resources badly effect your economy because due to the high imports of oil there is imbalance between imports and exports and your production rate will increase because when you import energy you will be not producedcheap products. Due to high use of oil and gas, there were rise in the rate of oil and gas, it impact negatively your economy. When the price of energy is high you cannot produced the cheap industrial products. Price of energy is a deciding factor that decide the rate of your industrial product. The countries that have high energy prices there were mainly high price of final goods and those countries that have a low prices of energies that have a cheap rate of product that up lift their economic activities (Laslett, et al. 2017). The economic structure of any nation base their energy structure.There were very close relation between economic activities and oil prices. Oil price have a huge contribution in the great economic recession of 2008 and 2009. Due to massive increase in the prices of oil during this period they were slower the economic growth rate (Hosseinalizadeh, et al. 2016). When there were gap in the demand and supply of oil due to the newly emerging economies of India and China. The consumption and demand of oil rise and production were same in the result of this gap between demand and supply they were cause increase in the prices of oil and slower the rate of growth in many countries. Due to that many countries trouble due to this great economic recession of 2008 and 2009. In the economic recession oil prices play a vital role.Due to this influential role of energy in the economic development of the country. Most of the countries moves to words new sources of the energy that are easily available and cheaper than the oil and gas (Hosseinalizadeh, et al. 2016). Due to this most of the countries move towards the alternative source of energy that easier and continuously availability. Most countries shift a huge part of the energy from fusel fuel to the renewable sources electric city that is environment friendly and have continuously availability. Countries like Australia move toward and change the traditional sources of energy. In Australia the trend of renewable sources is getting more attention both from the people and from the government sector. The share of renewable sources in the total energy consumption of the Australia is 9.5 percent which is lesser its needs to increase this ration in the total energy consumption of the Australia (Hua and Hu, 2016). There were some African and Latin American states who have more than 80 percent share of renewable source of energy in total energy consumption. Australian neighboring state New-Zealand have 30 percent share of renewable sources in their total consumption of the energy.It is demand of time that Australia needs to increase the share of renewable sources in the total consumption of the energy that is environment friendly as well as they have continuously availability (Hua and Hu, 2016). Australia are rich in the renewable sources of the energy like hydroelectric, wind energy and solar energy it is need that they utilize these sources of the energy that is environment friendly and have a continues source. Australia is also rich in the bio gas it is need that increase the use of bio gas (Kent and Mercer, 2006). Australia fulfill more than ninety percent of its total consumption of energy from nonrenewable sources, if the availability of these sources will be end than at that time Australia needs to take steps in emergency that will affect the economic growth of the Australia.Australia needs to move towards renewable sources of the energy stepwise that is easy and does not affect the economic growth of the energy. Renewable sources of energy have many advantages that resources have contiguity that are environment friendly (Laslett, et al. 2017). Nonrenewable sources of the energy badly hit the atmosphere that is very dangerous for the globe and day by day it is difficult to survive in this planet. If we move towards renewable sources it is also humanitarian step that help to protect the globe and prevent the future of generation (Martin and Rice, 2015). Australia needs to take a vital strategy that enhance the share of renewable sources in the total consumption of the energy that have effects on the economy of the Australia and also have positive impact on the globe.ConclusionUse of renewable source of energy is an emerging phenomenon around the world most of the countries use these source of energy that is environment friendly and have continues availability with in the geographical jurisdiction of the states. Australia is one the major actor of international community that are rich in renewable sources but they have less share in the total consumption of the energy. Australia is an ideal state for the renewable sources of energy. Australia large dairy industry help to use bio gas as a source of energy and also use other sources of renew able energy like hydroelectric, wind and solar power that is environment and good for the economy of the Australia . It is need that Australia more focus on the renewable sources of energy that have multiple advantages, currently Australia only utilize 9.5 percent in the total consumption of the energy the is very low. Australia have potential and need to move towards renewable sources and increase the share in total consumption of the energy.ReferencesHosseinalizadeh, R., Shakouri, H., Amalnick, M.S. and Taghipour, P., 2016. Economic sizing of a hybrid (PV–WT–FC) renewable energy system (HRES) for stand-alone usages by an optimization-simulation model: case study of Iran. Renewable and Sustainable Energy Reviews, 54, pp.139-150.Hua, Y., Oliphant, M. and Hu, E.J., 2016. Development of renewable energy in Australia and China: A comparison of policies and status. Renewable Energy, 85, pp.1044-1051.Kent, A. and Mercer, D., 2006. Australia’s mandatory renewable energy target (MRET): an assessment. Energy Policy, 34(9), pp.1046-1062.Laslett, D., Carter, C., Creagh, C. and Jennings, P., 2017. 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