The Global Move To New Energy

Visualizing the Global Transition to Green Energy

Iman Ghosh, October 31, 2018 (Visual Capitalist)

“…With each passing year, the steadily declining price of renewable energy makes it increasingly competitive against fossil fuels…A recent United Nations report estimates that renewables must make up 70% to 85% of electricity by 2050 to combat the dire effects of climate change…[Fortunately,] renewable energy sources are becoming cheaper and quicker to produce, and it’s speeding up widespread adoption…The price of solar photovoltaic cells are projected to dip dramatically over this seven-year period, as solar panel infrastructure…[becomes] easily replicated at scale…

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…[C]oncentrated efforts to curb our reliance on coal are signals that the fossil fuel is on its way out, and new investment in green energy sources is on the rise in most regions…[China is leading and] spending more on green energy than the United States and Europe combined…In places where a consistent and reliable source of energy is hard to come by, people are looking to clean energy as a way to leapfrog ahead of using the carbon-intensive electricity grid entirely…This trifecta of innovation, investment, and falling costs could be the answer to bolstering renewable energy infrastructure for decades to come…” click here for more

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