The Renewable Energy Revolution: Why it’s not too late for our economy
The world’s energy system is undergoing a profound transformation. Rapid advances in renewable energy technology are opening up vast new opportunities for developers, investors, and consumers alike.
Renewable energy, which is generated from sources that are replenished naturally, is already playing a significant role in our energy system. It powers the world’s largest economy, and even reduces our carbon footprint.
There are now more than 40 countries that have set a renewable electricity generation target. Demand for renewable energy is also on the rise. As our economy continues to grow and oil becomes ever more costly, we need to transition our energy system away from oil and fossil fuels and towards cleaner, more sustainable ones. Investments in renewable energy are already paying off, as the sector has been a major contributor to the global economic recovery.
Why Renewable Energy is Important
It’s not just about the environment. The benefits of renewable energy extend well beyond reducing carbon emissions, and include a massive boost to economic competitiveness.
Renewable energy is a growing sector, and as it develops, will be able to fulfill a range of important needs.
The Benefits of Renewable Energy
Cleaner air. Cleaner water. More jobs. More investment.
The benefits of renewable energy are numerous, but perhaps the most compelling is that it can reduce carbon emissions from the energy sector. By increasing the share of renewable energy in the energy mix, countries will be able to reduce their reliance on fossil fuels, which emit greenhouse gases.
How Renewable Energy is Generated and Distributed
Renewable energy is generated through a range of sources, including solar, wind, hydroelectric, biomass, and geothermal.
It can be used to generate electricity, or it can be used to produce the fuels that drive our economy — fuels that do not release fossil-fuel-based pollution when burned.
As more and more countries are making the transition from fossil fuels to renewable energy, the sector is growing rapidly.
Renewable energy can be generated and transported in a wide range of ways, from large-scale hydroelectric and wind farms to rooftop solar panels.
The Future of Renewable Energy
In the future, the industry will continue to grow as more and more countries move towards a clean energy future, and demand for renewable energy continues to rise around the world.
Developed countries are expected to build out their renewable capacity significantly in the next decade; China, the United States, and Europe are all expected to see major growth.
Renewable energy is already a significant part of the energy mix in many countries. Given its rapid growth, it’s likely that this trend will continue. The world’s demand for energy — and the planet’s ability to meet that demand — depends on the type of energy that is used. By investing in the development of clean energy technologies, countries can reduce their dependence on fossil fuels and undermine the economic case for further fossil-fuel development. As the world transitions to a sustainable energy system, many nations are responding by committing to a renewable energy future.
Luis Jorge Rios is a war veteran turned writer and movie producer learn more about him here