Green.org breaks down the latest news in international renewable energy. Let’s get to it!
in In the latest international renewable energy news, several exciting developments have taken place in recent months, highlighting the increasing importance and viability of clean energy solutions around the world.
One notable example is the ambitious target set by the European Union to become climate neutral by 2050. To achieve this, the EU has pledged to increase its renewable energy capacity to 40% by 2030 and implement a carbon border tax to promote global carbon pricing. This commitment will require significant investment in wind and solar power, as well as energy storage technologies, and is likely to spur innovation and job creation in the clean energy sector.
In the United States, President Biden has made climate change a top priority of his administration, with a particular focus on clean energy. In January 2021, he signed an executive order rejoining the Paris Climate Agreement and has since proposed a $2 trillion plan to invest in clean energy and infrastructure over the next decade. This plan includes initiatives such as expanding renewable energy tax credits and creating a national clean energy standard, which would require utilities to source a certain percentage of their electricity from renewable sources.
Elsewhere in the world, China has made significant strides in renewable energy, becoming the world’s largest producer of solar and wind power. The country has set a target of achieving carbon neutrality by 2060 and has invested heavily in renewable energy infrastructure, such as the construction of the world’s largest solar park in the Ningxia region.
In India, the government has set a target of achieving 450 GW of renewable energy capacity by 2030, which would account for 50% of the country’s energy mix. The country has already made significant progress in this area, with renewable energy accounting for 26% of its total installed capacity in 2020.
Overall, these developments demonstrate the growing momentum towards renewable energy solutions around the world, driven by a combination of environmental concerns, technological innovation, and economic opportunities. As countries continue to invest in clean energy infrastructure and policies, we can expect to see further progress towards a more sustainable and low-carbon future.