Globally, the use of clean, renewable energy is seen as an important step towards sustainable development. As the concerns about climate change and the impact it is having grows, many nations are increasingly making investments in renewable energy technologies.

Global Adaptation to Climate Change

In many areas of the developing world, the electricity supply is not constant. Power outages that last up to 8 hours are common. It is especially so in rural areas, which are not properly connected to national grids. However, the middle class in several developing regions of the world is expanding. At the same time, their power consumption is growing.

However, if the growing middle class in these regions all adopted western habits when it comes to HVAC systems, it will have a major impact on the environment and the climate. Instead of building more coal plants, many experts propose a new paradigm that is focused on decentralized energy production.

As part of the climate change adaptation, various social and institutional changes will need to be implemented. Additionally, various funding incentives for the installation of solar systems and other green energy systems are required. The change towards 100% renewable energy is possible and some nations such as Denmark and Germany have made huge investments towards achieving this goal.

Impact of Using Clean Energy

There are numerous benefits of using clean energy. One of the most obvious ones is that it reduces the rate of global warming. Global warming has a major impact on the planet’s climate, which includes more severe droughts, rising sea levels, and the extinction of some species.

In the US, about 29 percent of all greenhouse gas emissions come from electricity production. The reason for this is that the US gets a lot of its power from fossil fuels such as natural gas and coal plants. By increasing clean energy production, the US could reduce its contribution to greenhouse gas emissions. Currently, the US accounts for around 14% of all greenhouse gas emissions in the world.

Financial Benefits

Numerous financial benefits come from increased clean energy capacity. They include:

  • Creating Jobs

Globally, the clean energy sector employs around 10 million people. The jobs created by the sector are in different fields such as installation, marketing, manufacturing, and many others.

  • Reducing the Power Bill

Any homeowner or business that is seeking to cut down its energy costs should turn to clean energy sources such as solar power. Theoretically, you can reduce your energy bill to zero if you have a properly installed green energy such as solar panels or wind turbines.

  • Energy Independence

Using renewable energy sources is a great way for anyone to achieve energy independence. As a result, its economic fortunes are not tied to fluctuating prices of fossil fuels on the global marketplace due to geopolitical factors.

Summary

While investing in research is important for the future of renewable energy, it is also important for countries as well as individuals to invest in the deployment of existing green energy technologies and use of renewable solar energy adopted by the majority of individuals. The clean energy sector has come a long way but there is still a lot that can be done. Today, most of the world’s energy still comes from fossil fuels. However, as awareness of the global impact of greenhouse gas emissions grows, more countries around the world are implementing policies that support green energy sources.

Eric Maina / Dec 2019

Content Writer / Allstar Solar Partners

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