Whether it’s geothermal, hydroelectric, bioenergy, or solar, Mother Nature has definitely provided the Earth with a plethora of clean, renewable energy and it’s about time the world take advantage of that on a much larger scale.
Renewable or alternative energy is energy derived from and replenished by natural resources. This can be found in various forms such as mentioned above. Additionally, when talking about milestones, countries started discussing about environmental issues back in the Stockholm Conference in 1972. However, global action was only really planned out in Agenda 21 of the United Nations Conference on Environment and Development in 1992. And from those moments until now, particularly in the recent years, the world has developed much in the field of energy.
There has been a rising trend in the investment, capacity, and use of renewable energy. In fact, 2015 saw the peak of this upward development. Reaffirmed by the Paris Agreement to combat climate change, China led the way with a chart topping $102 billion investment in clean power. Interestingly, according to the Global Trends in Renewable Energy Investment 2016, this was also the year when investments by developing countries topped investments of their developed counterparts, a 19-percent to 8-percent investment, respectively.
And while investments have somewhat slowed down in 2016, renewable energy remains important to many countries. Global Trends in Renewable Energy Investment 2017 revealed that total investment, minus one type of alternative energy, now surmount to $241.6 billion which furthered global power capacity by 138.5 gigawatts, a 9-percent increase from 2015.
For the most part, fossil fuel is still the leading source of energy in many countries around the world. However, the growing emphasis on environmental protection and the rapidly depleting hydrocarbon resources are making it even clearer how important it is to look for alternative options. Green companies, power corporations, governments, and even petroleum firms themselves are investing billions to develop what could someday become the main sources of electricity.