There are several factors that make the energy transition towards renewable energy difficult. First, renewables are not cheap. They also have environmental impacts during their production. In addition, they have not yet achieved widespread acceptance.
Renewables must be supported by government policies. These policies must address economic concerns, as well as public perception and political pressure.
Renewable power must be marketed and sold in a way that is palatable to consumers. This can be accomplished by reducing costs. It can also be accomplished by offering more options. For example, a steel manufacturing plant in Alabama runs on solar panels and Tesla batteries.
The cost of energy storage has decreased significantly with advancements in battery technology. However, it’s important to note that solar and wind power are not yet competitive. Their costs are predicted to remain higher than their pre-pandemic levels in the near future.
A lack of infrastructure is another major barrier to the adoption of renewables. Existing energy infrastructure is not capable of handling the amount of energy that will be required to decarbonize the electricity sector.
Another challenge is the inherent dependence of the industry on fossil fuels. Fossil fuels are highly carbon intensive and have enormous environmental consequences.
In addition to being highly carbon intensive, fossil fuels are also a source of large local air pollution. These pollutants lead to five million premature deaths each year. Among other negative impacts, these include the destruction of wildlife.
Many countries have made progress towards developing renewable energy. They are also making aggressive commitments to reduce greenhouse gas emissions.