Energy

The 2017 reports of global electricity consumption said that 85% are still dependent on fossil fuels. Despite some powerful environmentalists’ pressures for the nation’s governments to shift to renewable energy, only 0.7% is generated from solar sources. Is the future of solar energy just an empty promise? Is solar energy a growing myth?
Energy experts posed the challenges facing solar energy, one of which is the land requirements for harvesting energy from the sun. They say that the watts harnessed per unit of land area are much lower than that of fossil fuels. Therefore, to generate renewable energy, it takes way much …

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While non-renewable energy resources are depleting, the good news is solar energy is showing a promising future. The International Energy Agency’s (IEA) World Energy Outlook 2020 report says that there will be a 23% increase in solar energy use and an 11% increase in the wind by 2040. This projected increase is due to the analysis that solar is 20-50% cheaper.
However, IEA warned that this does not mean that global oil use will have a significant decline unless more aggressive action is pushed towards climate action. Along with the 43% rise in solar use, demand for gas could also rise-up by 30%, except if some global warming …

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The energy crisis is looming ahead. The non-renewable energy resources that are fuel and coal continue to decline while the global economy’s demand for electricity continues to rise.
According to Forbes, electricity demand will rise by 62% and is expected to triple in capacity by 2050. Due to this looming energy crisis and forecast of rising electricity demands, energy investors are shifting their focus to the renewable industry. The International Energy Agency (IEA) reports that while the economy suffered due to COVID-19, the market for renewables is getting stronger.
The forecast says that by 2025, Solar and Wind …

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