Renewable Energy 2021

How can renewable Energy continue to boom in 2021?

With green energy constantly evolving and with mounting pressure to reach environmental targets, it seems to be a safe bet that green energy will continue to grow and gain a greater share of the marketplace in 2021.

So what can we expect to happen in the coming year if this trend continues and why does last year appear to point to continued progress;
  • Countries aiming for Carbon Neutrality 
    1. Until now China has said it would peak its emissions by 2030 at the latest, but it has avoided committing to a long-term goal however China’s president surprised a UN gathering in September by saying – “We aim to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060.” With China on board, there are now 9 countries with a net-zero target in place by law.
  • China’s statement put into practice
    1. Even after the government locked down many parts of the country early in the year, businesses still looked towards solar energy. The country’s main solar industry group expects a record surge in business over the next five years after President Xi Jinping’s announcement.
  • Spain capitalizing on their weather
    1. Spain produced 43.6% of its electricity with renewable energy technologies in a year with Covid-19 and when the nation’s demand for electricity dropped 5.6% to an estimated 249,716GWh. See more here
  • The U.K. goes coal-free for the longest period since the Industrial Revolution.
    1. Britain is going to completely phase out the pollutant by 2025 as its wind farms become a growing source of renewable energy. Prime Minister Boris Johnson also vowed to ban new gas-powered cars by 2030 Renewable Energy 2021
 

To see how Cost.ie can help your business’ energy needs in 2021 please click here