5 Good Reasons For Being Hopeful About Clean Energy In 2022

The clean energy industry, which is heavily dominated by fossil fuels is the most significant contributor in greenhouse emissions of greenhouse gases. 

We all know that people and nations require reliable energy sources to provide electricity to hospitals, schools and to perform daily chores at their home.

We are aware that we must change to renewable energy sources. But despite the advancements, we’re not in the right direction to reach our goals for climate change and to achieve sustainable development that allows have access to affordable, clean as well as reliable electricity.

More needs to be completed. However, the solutions to clean energy that will get us there are already in place and there is a growing momentum to make them politically and investment priority items. 

Here are five reasons to be hopeful about clean energy or renewable energy.

Energy That Is Clean & Renewable A Wise Investment

The fossil fuels of the past were cheaper than clean energy sources, but that is changing. Renewable energy is becoming more affordable with each passing year, and certain options are currently cheaper than fossil fuels.

The cost of solar energy has dropped by 89 percent since the year 2010. It’s now cheaper to switch to solar power than building new coal power plants in a majority of nations and solar power is the cheapest source of electricity in the history of electricity.

2021 was an extremely difficult year, and despite experiencing setbacks, the renewables industry has demonstrated some resilience, same is been expected to see in 2022.

This drop in cost along with the advancement of technology and the development of new business models, indicates that we are currently in the middle of a cliff.

Technology for energy efficiency could also bring benefits to the climate. If implemented correctly, efficiency policies can help the world achieve over 40 per cent of emissions reductions needed to reach even without the latest technology.

The time is now for massive investment from both the private and public sectors. In order to facilitate these investments, UN has developed the De-risking Renewable Energy Investment framework, which assists countries in creating an environment for large-scale green energy investment.

There Is A Growing Push In Favor Of Carbon Neutrality

Over the course of the year, countries have made commitments to build better, more green, and fairer environment.

The countries with high emissions like China, Japan, South Korea as well as The UK as well as the EU have committed to net-zero emission reductions.

The announcements made at or shortly prior to or just prior to the Climate Ambition Summit, means that nations that account for 65 percent of CO2 emissions and about 70% of world’s economic activity will pledge to achieve net zero emissions, or carbon neutrality.

These commitments must be implemented. In 2019, approximately $500 billion was used to fund fossil fuel subsidy. 

These bold commitments are a powerful signal and an essential first step toward achieving net-zero emissions. We must now expand on these commitments.

Clean Energy Is A Source Of Power For An Eco-Friendly Recovery That Leaves No One In The Dust

The clean energy market is an ideal option to help recover from COVID-19. It improves healthcare for those who are the most disadvantaged in the world. 

A stable supply of power is crucial for health facilities to be able to function.

The energy transition could result in 18 million new jobs in 2030, while taking into account the inevitable loss of jobs in fossil fuels. 

Renewable energy investments could lead to almost three times as many jobs than the fossil fuel investment.

The COVID-19 crises has intensified the pace of greener, healthier cities. As the world is fast expanding, energy efficiency of buildings as well as sustainable cooling and heating intelligent urban planning, and sustainable modes of transport ranging including electric cars to the possibility of cycling and walking, are essential to the future of cities.

In Every Year Millions Of People Have Access To Pure Energy

Between 2010 between 2010 and the year 2018, 411 million people had access to clean electricity and 200 million more access to cooking technology that is clean and fuels.

Sustainable energy is vital for achieving desired results and improve the quality of life for all. Renewable energy sources like solar mini-grids can be a good option to supply the low-cost and reliable electricity that communities require to power health and education centers, as well as to help small-scale enterprises as well as sustainable agriculture and food security. 

Clean technology and fuels for cooking also help improve gender equality. However, the increase in population in certain regions of the world can offset some of this growth. There are a lot of folks who do not have access to electricity in Sub-Saharan Africa is predicted to grow from 580 million as of 2018 and to 680 million by 2030.

2022 Global Leaders Take Action In Sustainable Energy

On September 20, 2021 the first time in over 40 years that it was the first time in 40 years that the United Nations hosted a High-Level Dialogue on Energy. 

It was organized by UN-Energy the event was important for governments, companies and civil society as well as international organizations to take a step forward in actions on sustainable energy.

Co-chair of UN-Energy and UNDP Director Achim Steiner has called for an increase in global energy governance “We are aware that clean energy has the potential to provide universal access to energy and help in tackling this climate catastrophe”. 

“We know that it can fuel an eco-friendly recovery and help in the transition towards an environmentally sustainable future. However, we must take action, and we have to move faster and we have to work together. We should join forces to speed up our actions.”

Eliminating fossil fuels and transforming to green economies is a huge problem. 

However, the solutions are there. Every country must come together and cooperate to finance them, and to expand them and speed them up.

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