The recent developments in the renewable energy segment have yet again boosted the capacity of using these energies when producing electricity. These developments are expected to continue in the next ten years, improving and enhancing the current offering of renewable energy products, such as solar panels and wind turbines.
Paris Climate Agreement
Besides the flourishing developments, there are other factors which promote the usage of renewable energy sources. One of those is the recent Paris Climate Agreement, where demands for the reduction of global emissions were laid down. The countries that signed this agreement are expected to make an effort in trying to accomplish these reductions. For example, the closing down of coal plants and mines help reduce emissions. Besides that, countries can invest and promote renewable energy sources by subsidizing the placement of solar cells.
The Paris Climate Agreement consists of some important goals. The most important one is the long-term goal of keeping global temperature rises under 2°C since the pre-industrial era. This goal has been discussed for years, but in the PCA it has finally been codified, an important accomplishment. A more ambitious goal has also been laid down, the limiting of total global temperature rises up til 1,5°C. This goal is not as strict as the 2°C, but is more an aspirational and inspirational goal.
China and renewable energy
China is one of the countries that currently spends most on the production and development of renewable energy. Until 2020 China hopes to spend 2.5 trillion yuan (US $360 billion) on renewable energy installations. This is a giant rise of their spendings on renewable energy. China has been drilling coal from the ground for years and now transforms their national fossil fueled framework to renewable.
A great part of China’s plan is also to upgrade its distribution network so the renewable energy can reach more areas in need. China’s renewable energy generation is already so high that a part of it does not get used. Connecting further off areas to the green energy network should increase green energy consumption so it’s efficient.
According to the Chinese government’s plan the utilization of renewable energy will be equivalent to 730 million tons of coal by 2020, or 27% of all energy in the country. The government actively supports technological improvements and reduced costs for renewable energy, so the Chinese economy will be a cleaner and more sustainable one.
International frontiers in renewable energy
As stated before, China is one of the international trailblazers when it comes to investing in renewable energy. They are especially quick and thorough in developing solar cells, both for export and utilization in their country.
Then there’s Chile. This South American country decided to put their Atacama desert to good use and build the largest solar power plant in South America, named El Romero. The maximum power generation is expected to lie at 196 megawatts and is expected to be reached halfway next year.
The best part about this power plant is that it paves the way for other South American countries to follow in its footsteps. For a continent with abundant sunshine all year round, this is vital in the global reduction of emissions and increasing of the utilization of renewable energy sources.
Another South American country, Brazil, is focusing more on wind power. The country is home to a wind turbine site of 1000 windmills and 360 more wind turbine projects. These all sprouted since 2009, in the course of a seven year period. The 1000 windmill site reduces Brazilian CO2 emissions by three million tonnes a year, while generating 2 gigawatts of power.
Finally, there’s Egypt, a country that has had a rough decade politically, economically and socially. It’s amazing that in such a state the country and its government have succeeded in making efforts in the clean energy field and its renewable energy potential best as they can. The country has set a clear goal by aspiring to have 20% of renewable energy by 2022, which currently lies at 12%. Also, Egypt’s Ministry of Electricity signed energy contracts with a US $662 million worth of the generation of 400 megawatts of solar energy.
These countries hopefully inspire other countries and private companies interested in developing products and techniques for generating renewable energy. There is a lot this world still needs to do to bring emission down and save our climate.