Here’s How New Energy Can Do What It Can Do

Unleashing Renewable Energy’s Full Potential

18 January 2023 (United Nations Climate Change)

’ “…[R]adical action is still needed to accelerate the energy transition…There is reason for optimism when it comes to renewable energy because renewables are moving further and faster than projected…Renewable electricity capacity additions have been outpacing those of non-renewables since 2014…are set to account for over 90% of global electricity capacity expansion in the next five years…[and] will become the largest source of global electricity generation by early 2025, surpassing coal…

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…Worldwide renewable energy employment reached 12.7 million last year, a jump of 700,000 new jobs in one year. Solar energy was found to be the fastest-growing sector. In 2021 it provided 4.3 million jobs, more than a third of the current global renewable workforce…But there is also reason for frustration…[Despite recent rhetoric,] climate pledges and overall finance to support the shift to renewables remains insufficient…

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…[A]bout USD 4 trillion per year needs to be invested in renewable energy up until 2030 to be able to reach net zero emissions by 2050…Transformational adaptation is also needed to help communities cope with already occurring climate impacts…[But] the combined climate pledges of 193 Parties under the Paris Agreement could put the world on track for around 2.5 degrees Celsius of warming by the end of the century…” click here for more

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