Yes, renewable energy will attain good exposure in both the future and the present with some of renewable sources like electric cars, bikes, etc.., Companies and governments are investing heavily in sustainable energy sources. They must do this because carbon emissions have declined as energy demand has increased, which is what limits global warming to 1.5°C (2.7° Fahrenheit) and zero emissions by 2050. Even if we produce more clean energy, those benefits disappear because we use more Veteran Energy .
According to a new report from the International Renewable Energy Agency (IRENA), investments in renewable energy will need to increase to $131 trillion to meet climate change goals. It shows that electricity must overtake fossil fuels as a source of energy before the middle of the century. It also says that for every million dollars invested, renewable energy creates three times more jobs than fossil fuels. Investors have also been attracted to renewable energy stocks, with the S&P Clean Energy Index up 138% in 2020.
We can also see how innovation is now taking shape and not hindering growth. In 2019, Germany’s CO2 emissions fell by 8% to levels not seen since 1950, despite its current economy being about ten times larger.
The United Kingdom met 40% of its electricity needs from renewable energy in the same year. In comparison, only 2% of the UK’s electricity comes from coal-fired power stations. Renewable energy sources also provide 90.1% of Scotland’s electricity, thanks to its vast wind power. Use new materials to improve travel and heating
Transportation and Renewablessource
Transportation and heating are two sources of pollution and carbon emissions. According to the US Energy Information Administration (EIA), transportation accounted for more than a quarter of US energy consumption in 2019. Home heating and air conditioning represent 47% of home energy.
The IRENA report predicts that transport will see the greatest growth in electrification with a 30-fold increase, reducing its carbon emissions by 70%. Global sales of electric cars went from a record high of 2.1 million in 2019 to a new high of 3.2 million in 2020. Since 7.2 million electric cars are currently running on the world’s roads. Calling is an unexploited area for refreshment. Half of the world’s energy consumption in 2018 was used for heating. Renewables provide only 10% of heating energy, which is expected to rise to 12% by 2024. On the other hand, almost a third of electricity was from natural gas in 2019. Fossil fuels are limited and this is a harsh reality: globally, there are only 52 years of gas reserves left at current consumption rates.
Why do we need renewable energy resources?
The 2015 Paris Agreement aims to avoid damaging climate change by limiting global warming to 1.5°C by 2050 and capping the atmosphere as quickly as possible. Warmer temperatures can lead to higher sea levels and climate change, with huge implications for the planet. We need renewable energy resources to limit our environmental impact. Fossil fuels are finite, so we need to develop a great alternative energy source to keep the global energy system going. Many people are interested in learning about electricity, working with energy, and how we generate electricity. Using renewable energy sources like wind power reduces the amount of carbon dioxide in the atmosphere and can help fight climate change.