Energy plays an important role in reducing hunger and malnutrition and providing food security and better nutrition. The promotion of renewable energy can result in energy savings of 50% when compared to conventional technology, as well as a 50% reduction in electricity bills. From the current perspective, renewable energy is actually the most economical option in most parts of the world. Technology prices for renewable energy are falling rapidly. The cost of solar-powered electricity fell by about 85 percent between 2010 and 2020. Wind-related costs for onshore and offshore locations fell by approximately 56% and 48%, respectively. With costs falling, there is a real possibility that in the coming years, most of the energy supply will come from low-carbon sources.