The benefits of renewable energy

Wind FarmSciTech Europa welcomes Steward McGrenary the director of Plunc, a high end electronics recycling company, to discuss the benefits of renewable energy.

Contrary to popular belief, renewable energy is not a new concept or recent fad. In fact, renewable energy has been successfully used for years, and has recently made impressive strides in technology, innovation, and efficiency.

However, as history would have it, the preferred method of energy use has always been the one that costs less upfront, as opposed to renewable energy, which keeps the environment cleaner and costs less in the long run. We are a society of immediacy. Continue reading “The benefits of renewable energy”

A decade of renewable energy investment, led by solar, tops USD 2.5 trillion

According to the Global Trends in Renewable Energy Investment 2019 report, released ahead of the UN Global Climate Action Summit, this investment is set to have roughly quadrupled renewable energy capacity (excluding large hydro) from 414 GW at the end of 2009 to just over 1,650 GW when the decade closes at the end of this year.

  • The decade of investment (2010-2019) quadruples renewables capacity from 414 GW to about 1,650 GW
  • Solar capacity alone will have risen to more than 26 times the 2009 level — from 25 GW to an estimated 663 GW
  • 2018 capacity investment reached USD 272.9 billion, triple the investment in fossil fuel generation
  • Renewables generated 12.9 per cent of global electricity in 2018, avoiding 2 billion tonnes of carbon dioxide emissions

Solar power will have drawn half — USD 1.3 trillion — of the USD 2.6 trillion in renewable energy capacity investments made over the decade. Solar alone will have grown from 25 GW at the beginning of 2010 to an expected 663 GW by the close of 2019 — enough to produce all the electricity needed each year by about 100 million average homes in the USA.

Continue reading “A decade of renewable energy investment, led by solar, tops USD 2.5 trillion”