DecarbonisationEnergy

Renewable Energy Growth and Implementation at a Rapid Pace

In regards to climate change, the world is at a crossroads, but the renewable energy sector is in a great position to help alleviate the consequences. Renewable energy, according to the International Renewable Energy Agency (IRENA), is a vital answer in the fight against climate change. And, according to the intergovernmental organization, which has members from all around the world, time is of importance.

The rapid increase in global temperatures is due to human activities, and fossil fuels are among the main culprits, damaging the soil, air, and waterways. As a result, accelerating the growth and adoption of renewable energy is critical if we are to avoid catastrophic climate change. The good news is that a rising number of household and business owners, from solar energy to hydroelectricity, are seeking for sustainable solutions to satisfy their power needs.

Decision-makers in the renewables sector must foster a “do-it-now” culture, educate the public where possible, and deliver sustainable energy choices at various price points to satisfy the demands of every customer to assist enable change. Supporting a green energy breakthrough also necessitates a highly skilled workforce capable of meeting demand, as well as ongoing research into sustainable technology. Here’s how you can contribute to the alternative energy business and assist speed up the transformation process before it’s too late.

As the detrimental effects of climate change continue to be seen around the world, a concern of urgency is developing. While we have not yet reached the point of no return in terms of global warming, the Earth has reached a critical juncture. Climate change could become irreversible after global temperatures rise 1.5-2 degrees Celsius above average, which has already occurred at 1.1 degrees Celsius as of 2021.

As if rising temperatures weren’t bad enough, climate change has a slew of other negative consequences. In recent years, for example, severe weather occurrences like tropical storms, tornadoes, and floods have become more common. According to NASA, droughts are “growing more regular, severe, and pervasive,” while air pollution is widespread in our global cities.

Poor air quality and rising temperatures are commonly associated with a rise in health concerns among individuals from different walks of life around the world, a problem exacerbated by the current Covid pandemic. Covid, for one, has posed its own set of obstacles to the renewables business, some of which are financial. Following a year marked by growing costs and a slew of logistical challenges, some industry insiders expect that 2022 will be particularly difficult for the alternative energy market.

Solar power has been particularly heavily hit: Since Covid’s inception, the price of polysilicon, a substance needed to make solar panels, has risen. Other metals needed in the construction of solar panels, such as aluminum, magnesium, and steel, have also increased in price. These price hikes and shortages of raw materials come at a time when alternative energy is in higher demand than ever.

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