In recent years, there has been a substantial increase in the use of renewable energy sources, resulting in renewable energy now constituting more than 30% of the global electricity supply. Various causes are responsible for this transition, including its consequences and the difficulties associated with incorporating renewable energy into the worldwide power system. Various factors contribute to the adoption of renewable energy.
It is important to analyze the factors that promote the adoption of renewable energy, specifically focusing on environmental concerns.
The International Renewable Energy Agency’s report “Renewable Power Generation Costs in 2019” confirms that renewable energy technologies, including solar photovoltaics (PV), wind turbines, and energy storage systems, have made significant progress in terms of cost reduction and efficiency improvement. As a result, renewable energy has become increasingly competitive with conventional energy sources.
According to the Renewable Energy Policy Network for the 21st Century’s “Renewables 2020 Global Status Report”, governments around the world have introduced different policies and incentives to encourage the use of renewable energy. These include feed-in tariffs, tax credits, renewable portfolio standards, and carbon pricing mechanisms.
Furthermore, there exist several economic prospects. According to the United Nations Environment Programme’s report “Global Trends in Renewable Energy Investment 2019”, the renewable energy industry is now a major catalyst for economic growth, promoting innovation, generating employment, and attracting investments. Moreover, the decentralized characteristic of renewable’s energy promotes local economic growth and empowers communities.
Furthermore, it is imperative to take into consideration the societal advantages. According to the World Health Organization’s report “Household Air Pollution and Health”, the availability of clean and affordable energy has a positive impact on public health. It achieves this by decreasing air pollution and supplying electricity to disadvantaged communities, especially in rural regions of developing nations.
According to the International Energy Agency, the irregular and unpredictable character of renewable’s energy sources, such as solar and wind, presents difficulties in maintaining a stable and reliable power infrastructure. Nevertheless, the progress in grid management technology and the creation of smart grids provide remedies to improve the incorporation of renewable energy sources.
