Post
Topic
Board Economics
Re: Our future with renewable energy.
by
lixer
on 04/11/2024, 20:59:03 UTC

I think it is difficult to advance renewable energy at the moment, by encouraging its development it is hoped that management will be more independent, but the target will be difficult to achieve because it requires good technological progress
and it has been tested because the energy needs of users are now increasing, because in the development of renewable energy there are many obstacles faced such as limited infrastructure and limited technical expertise, because things like that require careful consideration but over time has changed this little by little but I believe In the future, all of this will definitely come true, even though it will take time to achieve all of that.


The advancement of clean energy technologies is unstoppable.
The global market value of six key mass-produced clean energy technologies – solar photovoltaics, wind power, electric vehicles (EVs), batteries, electrolyzers and heat pumps – nearly quadrupled between 2015 and 2023, surpassing $700 billion, or roughly half the value of all natural gas produced globally that year.

According to a recent report by the International Energy Agency (IEA), under current policies, the market for these clean technologies will nearly triple to exceed $2 trillion by 2035.

China is currently the country with the lowest production costs for the key clean energy technologies examined in the report, excluding explicit financial support from governments. The production of solar photovoltaic modules, wind turbines and battery technologies costs on average 40% more in the United States, 45% more in the European Union and 25% more in India.
But competition between countries is always good for rapid development and cheaper production.

https://focus.ua/digital/676339-proizvodstvo-solnechnyh-paneley-obhoditsya-es-ochen-dorogo-prichina
This is the future and there is really no turning back. The thing is, the only reason why we are using those old fossil fuel methods is because we just do not have as profitable as we can other alternatives, but the more we subsidies them, and that means just not taking taxes is more than enough, then we are going to grow there a lot as well.

Oil companies made BILLIONS in profit while still taking subsidies, because a nation needs energy more than anything else, and its more profitable to just not take taxes from your own nations companies, then import energy from another nation anyways. So, with time, people will realize, those renewable ones like hydro, solar, wind and so far will all be what world is giving us and we can make use of it and efficiency will increase a lot and we will make a good profit with them.