Whether or not renewable energy will stop global warming remains to be seen. However, it does appear to play an important role in tackling climate change. Using cheap electricity from renewable sources can significantly reduce carbon emissions, helping to mitigate the effects of global warming.
Renewable energy technologies have gained a lot of popularity over the past several years. These include solar and wind power, tidal technology, geothermal, biomass, and biofuels.
Renewables are viewed as a central part of the clean energy transition. This is especially true in the United States, where the Environmental Protection Agency (EPA) has set national limits on carbon pollution from power plants.
In addition to helping to slow the effects of climate change, switching to renewables could help stabilize the global energy sector. Cheap electricity from these sources could cut carbon emissions by 90 percent by 2050. Moreover, they could decarbonize much of the world’s power sector.
The most recent study on this topic examined the impact of two warming scenarios on renewables. Despite the potential of these technologies, however, the results were mixed.
For example, solar and wind power costs are expected to remain high in 2023 and 2022. But this is largely due to existing renewables, which experience large fluctuations in carbon content.
On the other hand, renewables have the potential to produce a huge amount of power. They could supply four fifths of the planet’s electricity by 2050.
Investing in renewable energy can also save you money. You can also use renewables to create jobs. According to the International Energy Agency (IEA), each dollar invested in renewables creates three times as many jobs as those in the fossil fuel industry.