As the world is modernizing and innovation mows down the elementary costs, it resultantly thrives on clean or renewable energy, hence starts to carry on the vow of a clean energy future. As per the NC Sustainable Energy Association (NCSEA), clean energy can be perceived as the energy obtained from renewable and zero-emissions sources as well as energy conserved by means of energy efficiency measures.
The towering revolution of clean energy is up and running as it becomes one of the most compelling forces for environmental preservation and coping with climate change. In support of that, American wind and solar era are being unified into the national electricity grid without settling reliability and thus, breaking records massively.
The corollary being that renewables are progressively uprooting hazardous fossil fuels in the field of energy, and thus providing the perks such as lessened emissions of carbon as well as other kinds of pollution.
Although renewable energy is oftentimes understood as a fresh and advanced technology, reining in nature’s potential has been used for centuries for the purpose of heating, lighting, transportation, and many more.
For a long time, wind served powered boats to steer through the seas and windmills to grate all kinds of grains. In a similar manner, the sun has bestowed warmth in the daylight hours and provided inflame fires to last into the late evening.
However, over the past few centuries or so, humans rapidly shifted to low-cost and crummy energy sources such as fracked gas and coal, resulting in issues like climate breakdown. Barring in the present-day world, we have much advanced, innovative and more economical approaches to apprehend and employ solar and wind energy. By the same token, clean energy or renewables are evolving as a more crucial power source, estimating for more than one-eighth of U.S. generation.
The industry of renewable energy is also broadening swiftly at both, small and large scales, ranging from households having rooftop solar panels that carry the capability to move power back to the grid to massive offshore wind farms. More notably, even few whole rural communities ride on coattails on renewable energy for basic needs such as lighting and heating.
The clean energy industry develops hundreds of billions in economic activity, and is projected to keep on growing briskly in the forthcoming years as there is a massive amount of estimated economic opportunity for the countries across the world that originate, produce and transport advanced clean energy technologies.
On the other hand, according to the fresh statistics, a green transformation is attainable if one-tenth of the total subsidies for fossil fuels are rechanneled towards clean energy or renewables. Reapportioning only a tiny fraction of total fossil fuels subsidies in the direction of clean energy would be able to cut off a considerable chunk of carbon emissions that is accountable for propulsing the present climate breakdown.
Noticeably, subsidies are majorly common in coal-powered countries like Indonesia and oil-producing states such as Saudi Arabia. The latest report of Global Subsidies Initiative (GSI) of the International Institute for Sustainable Development (IISD) states that just 10-30% of the yearly subsidies that go in the vicinity of fossil fuels is able to meet the financial needs for a global transformation to clean energy. This concept of “subsidy switch” has the capabilities to open up the possibility of a green energy revolution as well as assist taxpayers save money that can be used up better elsewhere.
In addition to that, as per the United Nations, the count of people around the globe without access to electricity has witnessed a recession remarkably ranging from 1.4 billion in 2010 to around 900 million in 2018. More importantly, the advent of new technology, that is mini-grids, is projected to meet the UN’s sustainable development goal of worldwide access to electricity by the year 2030.
Basically, mini-grids are smaller and confined versions of bigger power grids. The mini-grids employ solar power as a source of energy assisted with diesel generators or batteries. As the elementary cost of solar power has fallen down intensely, mini-grids have become much more economical that money-exhaustive installation of long-distance lines from a central electricity grid.
In all directions, the evidence indicates that the higher we invest in clean energy, renewables, electrification of transportation and heating and many more, the less priced a step towards an entire renewables becomes and at last, the larger the profit to global public health, the economy and the planet.