A sustainable green future looks nearer as record renewable energy production in the UK shows rapid progress is conceivable. During the third quarter of 2019, renewableEnergy in the UK delivered more electricity to homes and businesses than fossil fuels.
Advances in technology and charge reductions in the renewable energy industry have made such progress possible, authorities beyond the globe want to do more to help green strength swap fossil fuels entirely. During Q3, renewables added up for 40% of the UK energy mix, and the National Grid expects green Energy to overhaul fossil fuel power generation.
Moreover, the UK is far from leading the way regarding widespread acceptance of green Energy. This suggests that progress around the globe could easily speed up if provided with governmental help. Renewable energy change has a long way to go
Rendering to the Institute of International Energy Agency, during 2018, investments worth $1.8tn were made in the energy sector worldwide. However, only approximately $300bn was financed into Renewable Energy. Most of the cash went to fossil fuels, such as coal.
The renewable section has competitive advantages over fossil fuels, which are behind the evolution in the UK and other countries. Low entry barriers imply everybody could be a supplier. This could be via solar panels or wind turbines installed on houses selling surplus energy back to the power system. This inspires both businesses and households to invest in micro-renewable Energy.
While coal and gas remain the dominant suppliers in global Energy, the change will probably take more than 20 years unless more support is delivered.