Key facts about Global Renewal Energy:

Capacity continues to increase as investment are at record high in 2019
Total investment over $282 billion in 2019, up 1% from 2018
China topped the table with $83 billion investment in renewables, followed by U.S. with over $55 billion
Renewable energy accounted for 72% of all new capacity globally. Solar wind contributed 90% of the total renewable capacity added
United States making remarkable growth in renewable energy and installed capacity
For the first time on a quarterly basis in Q12020, the U.S. renewable generation has surpassed coal generation
As of April 2018, total installed generating capacity for renewal energy, had gone passed that of coal for the first time
Electric Vehicle is a boon for Renewable Energy and is poised to grow significantly

Over $350 billion investments by automakers in electric vehicle resulting in dramatic growth
It would account for ~50% of new passenger vehicle sales by 2040
READ MORE :- https://www.pukkapartners.com/insight/global-sustainable-energy-remains-imperative-for-future-energy-crises-solutions

“Energy is both a facilitator and a barrier to long-term growth. It fuels our economies, feeds billions of people through agriculture, runs desalination plants in countries where water is scarce, and keeps our homes cool or warm. Energy is important for human development because it allows people to work longer hours, students to read longer books, and doctors to use more devices in their hospitals.”

As a result, there are two big energy issues to overcome in order to achieve sustainable development: energy poverty and climate change. More than 3 billion people still do not have access to clean cookstoves and rely on dirty fuels like charcoal and wood. Every year, indoor air pollution caused by the combustion of these fuels kills an estimated four million people. On the issue of climate change, significant efforts are needed to fully realise the potential of renewable energy and energy efficiency in order to achieve the carbon dioxide emission reductions required to fulfil the targets of sustainable energy production.

The lack of consensus among governments was one of the obstacles to progress on sustainable energy. Many developing countries demanded that energy access should come first, with technology selection coming second. Many fossil fuel producers did not want to promote a move away from fossil fuels because it would damage their economies. Others, such as small island developing states (SIDS), were concerned about climate change and advocated for a focus on renewable energy and emissions reductions.

Conclusion: Sustainable Energy development is a boon

There are several global efforts aimed at addressing the energy crisis. Increased regulation and restrictions on carbon emissions, promotion of greener manufacturing and building ventures, funding of research into hybrid and more sustainable technology, and other initiatives have all contributed to this.

Locally, more people are looking beyond the recycling bin and understanding the importance of how residents use their local resources. More community gardens, parks, and farmer's markets are springing up, not only as a way to introduce more sustainable elements into people's lives, but also as an important part of public education about the value of sustainability.



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