As we get closer to wrapping up the year, numerous reports are coming out regarding the state of renewables around the world.
At a very high, macro level, we are investing more in renewable energy than ever before, especially in solar and wind power. Last year, “a record-breaking USD$622.5 billion was invested in renewables!
Most of this money went into solar panels and wind farms, with a 70% increase in tech investments like batteries (for energy storage) and solar panels. In fact, renewable power installations attracted far more investment than fossil fuel power plants did in 2023.
Which countries are leading the charge? China leads (44%) global renewable energy investments, followed by Europe at 20.9% and the U.S. at 15%.
Renewable energy generated an impressive 30% of the world’s electricity in 2023 which is a MASSIVE increase from just 21.7% in 2013.
At last year’s COP28 in Dubai, governments agreed on a big goal: triple renewable energy capacity and double energy efficiency by 2030. While we’ve made great progress, we’re not quite there yet.” (350.org).
Of course, it depends a lot on regulations. So, changes in governments at a municipal, state / province or country level can have a big impact.
To help get all of us ready for the year ahead, one that I am sure will be full of exciting progress, we have pulled together a special renewables and energy storage deep dive for us. These include our talented past experts ranging in areas from microgrids to energy storage to renewable financing:
- Hassan Shahriar, President & Founder, ADAPTR Inc.
- Rod Matthews, Co-Founder & CEO, Brevian Energy
- Lauren Dube, VP and Director of Good Things, Climate First Bank
- Yoram Ashery, CEO, Nostromo Energy
I know that this area is one many of our listeners have expressed interest in, so this is my promise to you that I will continue to bring more renewable and energy storage content to you in 2025. Until then, enjoy this special deep dive!
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