What Are the Main Sources of Renewable Energy Today
Renewable energy is taking the spotlight as an alternative to fossil fuels because of its almost zero carbon emissions. Countries across the world are exploring and investing in renewable energy to help preserve our planet for the health and safety of future generations. The Financial Times mentions that preference for renewable energy was boosted during the coronavirus pandemic and recorded 200 gigawatts usage in 2020.
Extracted from sources that don’t deplete, renewable energy is easily replenished and offers individuals and corporations alike a more environmentally friendly option. Renewable energy also significantly reduces energy costs.
In this article, you will learn about various renewable energy sources and how they contribute to the growing energy market.
Generated from water sources, such as dams and rivers, hydropower relies on the constantly recharging system of the water cycle. In this industry, Norway is taking the lead with their history of heavy rainfall and its usage of valleys and rivers. This helps them produce 45 per cent of their hydropower supply. According to a study by Utility Bidder, 56 per cent of Norway’s overall energy consumption comes from renewable sources. This number is higher than that of any country in the world.
Even in Brazil, a country that was once heavily dependent on fossil fuels, more government bodies are leaning towards the usage and benefits of renewable energy. The country is slowly emerging as a leader in hydropower and biofuel. Because of Brazil’s successful policies, 45 per cent of their energy now comes from renewable sources.
Solar technologies aim to turn sunlight into electricity by using mirrors and panels that collect solar radiation. This type of energy may also be stored in batteries.
In January 2020, the World Economic Forum declared India the latest hotspot for investors in the renewable energy sector, particularly solar energy. The country is also one of the world’s largest carbon emitters, so experts are hopeful that this development will lead to sustainable goals.
Additionally, solar energy has become a market hotspot in Southeast Asia. More than $10 billion was invested in the region’s solar energy in 2020, and given their high exposure to sunlight, developers can expect to see a boost in opportunities related to solar power.
Considered one of the fastest-growing renewable energy systems, wind energy produces electricity with the kinetic energy of moving air.
At present, China is the largest wind energy producer globally, supporting its objective to reach zero carbon emissions by 2060. The country’s developers built approximately 100 gigawatts worth of wind farms in 2020, a number that exceeds that of all wind farms in the globe combined.
In the US, 2020 saw wind energy contribute electricity output more than any other source. The Department of Energy (DOE) stated that 42 per cent of last year’s new electricity generation capability was made possible by land-based wind energy. In addition, the Biden administration plans to expand offshore wind energy capacity to 30 gigawatts by the year 2030.
All over the world, governments are investing in the training of wind turbine technicians to sufficiently support the growth of the wind energy industry.
Conclusion – Main Sources of Renewable Energy
Because of the worsening effects of climate change, governments must take part in the increasing initiatives relevant to renewable energy. Collaborative efforts from various sectors and leaderships can reduce carbon emissions and alleviate the impact of climate change. Due to this demand for urgent action, green energy jobs have become more important in pushing developments within the renewable energy field.
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