The Rise Of Renewables…
The days of fossil fuels may finally be numbered. A new report states that renewable energy now accounts for a quarter of the world’s power. REN21 published a global status report for renewables, highlighting that renewable energy was already supplying about 23.7% of global electricity by the end of 2015.
The United Nations included affordable and clean energy as one of the Sustainable Development goals by 2030. The good news is that the world may not have to wait until then. With better access to financing, dedicated policy initiatives by governments, and rapid improvements in a variety renewable technologies, we may hit our goal early.
And the industry shows no signs of slowing. International investment in renewable energy reached $286 billion last year—solar power alone accounted for the largest channel for investments at $161 billion, more than 56% of total new investment in renewable power and fuels. On the hiring front, the number of jobs in the sector rose to about 8.1 million.