The energy world is undergoing a massive shift in its power generation capabilities, and the green revolution is gaining steam by the day. In fact, according to recent reports from the International Energy Agency (IEA), renewables now account for 13% of global power generation, which means that more than 1,000 terawatt-hours (TWh) of electricity were generated from clean and sustainable sources in 2016 alone. If this trend continues over the next few years, it will be very positive news for our environment and all of us in terms of health and quality of life. And here’s why…

According to the International Energy Agency, global investment in renewable energy reached $286 billion in 2015 and increased by 3% to $294 billion in 2016. (IEA). Environmental issues and rising earnings, which have raised the demand for consumer products and services, are the market’s primary drivers. But there’s still an opportunity for improvement. In order to reach global goals by 2020, according to the IEA, the worldwide market must grow by an additional $490 billion yearly. This expansion can be facilitated by blockchain.

As per BlackRock CEO Larry Fink, the next 1,000 unicorns won’t be search engines or social media networks but sustainable, scalable innovators – businesses that support global decarbonization while making the energy transition available to all consumers. He believes it’s critical to realize that sometimes green products might be more expensive than traditional ones. A reduction in the green premium will be essential to a smooth and equitable transition. The total value of sustainable investments has now surpassed $4 trillion.

Most Energy Production Uses Fossil Fuels

Burning fossil fuels releases greenhouse gases into the atmosphere, which contributes to climate change. The Intergovernmental Panel on Climate Change (IPCC) says that we need to reduce emissions by 45% from 2010 levels by 2030 and reach net-zero emissions by 2050 to avoid the most catastrophic effects of climate change.

Renewable Energy Increases Power Reliability

One of the benefits of renewable energy is that it can help increase power reliability. When you have solar panels on your roof, for example, you generate your own electricity and are less reliant on the grid. This means that if there’s a power outage, you’re still able to generate power for your home. And as more and more homes and businesses turn to renewables, the grid becomes more reliable.

Several Countries Are Using More Renewable Energy Than Coal

In 2018, renewables made up 13% of global power generation. This is a huge increase from 10 years ago when they made up only 5%. Several countries are now using more renewable energy than coal, including the UK, Canada, and France. There are several reasons for this shift: renewable energy is becoming cheaper, it doesn’t produce carbon emissions, and it has a smaller environmental impact than other forms of energy.

Renewable Energy Reduces Pollution

Burning fossil fuels releases harmful gases into the atmosphere, contributing to climate change and causing health problems. Solar, wind, and water power are renewable resources that don’t produce these emissions. Therefore, using renewables reduces pollution.

The Cost of Solar Power is Declining Globally

Solar power is becoming increasingly affordable as technology improves and scales. In fact, the cost of solar has declined by 73% since 2010, making it one of the fastest-growing energy sources in the world.

Governments Around the World Have Changed Rules to Reduce Coal Power Generation

In an effort to reduce emissions and create a cleaner energy future, governments have been changing rules to phase out coal power generation. This has caused a shift towards renewables, which are now providing 13% of the world’s power.

Investing in renewables makes good business sense.


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