Fossil Fuels Vs. Green Energy
Fossil fuels like coal, oil, and natural gas have, and continue to play a massive role in our global energy systems. These forms of energy come with several negative impacts. When burned, they produce carbon dioxide and this CO2 is the most significant driver of global climate change. Green energy is any energy that is generated from natural resources, such as sunlight, wind, or water. The key to green energies is that they don’t harm the environment when producing energy!
History of our Energy Supply
Fossil fuels have been powering economies for over 150 years. They have also represented a large percent of the world’s energy supply. In 2018, the energy supply began to change. This was when renewable energies, like wind and solar, became cheaper and more efficient than fossil fuels while these fossil fuels reached their peak efficiency.
The Near Future of Green Energy
By 2024, solar capacity in the world is projected to grow by 600 gigawatts (GW). That’s equivalent to the energy produced by 6 million automobile engines! Also by 2024, solar is on track to become 35% cheaper, spurring further growth over the second half of the decade. Onshore wind capacity is expected to expand by 57% to 850 GW by 2024. This is equivalent to the power produced by 8.5 million engines!
Looking Further Ahead
The U.S. is on track to set a green energy standard of 75% renewable by 2030. This will create millions of jobs in the U.S. and contribute to the global goal of net-zero by 2050. This is a roadmap for the global energy sector in which countries have pledged to achieve net-zero emissions over the coming decades. Furthermore, the Energy Information Administration also projects that renewable energies share of the U.S. electricity supply will double by 2050!