Document Type : Research Article



A unique position is given to developing countries in achieving the socio-economic and
environmental benefits of renewable resources as a means of adapting to energy demand in a
sustainable way. Implementation of sustainable activities in developing countries have proven
to be challenging, at least as much as in developed countries.The difficulty of attracting
adequate and cost-effective investment is considered as one of the major barriers to implement
renewable energy technologies in developing countries.This study examines the impact of
investment costs on the prospects for renewable energy generation in developing countries. The
present study presents a comprehensive analysis of developing countries, six renewable energy
technologies and three fossil fuel-based power generationtechnologies. Accordingto the results,
there are significant cost changes and a range under which renewables are deprived by current
financial activities.The energy-economic model is used to illustrate how reducing financial
costs improves the implementation of renewableresources. Also, according to the results of this
study, climate policies reduce financial costs for renewable resources, which is an effective way
to reduce greenhouse gas emissions.This study introduces new perspectives by using different
scenarios to develop energy investment in developing countries and presents several
conclusions for renewable energy policy makers and related projects developers and provides
solutions for energy analysis and investment modeling.