What's in Store for the Future of Clean Energy Technology?
2020 has been a grim year, to say the least. An unforeseen global pandemic and a severe economic crisis have taken its toll on the world. And yet, the accelerating shift towards cleaner energy has been commendable.
On the one hand, there has definitely been a significant drop in the global emissions caused by telecommuting and the slump in travel and trade activities. However, there have also been many advances in technology and policies to drive sustained declines in emissions in the years ahead — even as economies across the globe start growing again.
In this piece, we’ll discuss some of the clean energy technologies that are transforming the renewable energy sector and paving the way for a greener world ahead.
1. Solar energy
Solar is a clean energy technology that has grown leaps and bounds in the last decade. In 2010, the global solar energy market was small and highly dependent on subsidy regimes in Germany and Italy.
Today, ten years later, according to the World Economic Forum, there will be over 115 GW of solar energy installed across the world in 2020. But that’s just the beginning.
Though the cost of solar power has been declining dramatically for years, future advancements in technology will ensure that the average price of solar energy becomes even cheaper. In fact, research indicates that by 2050, the sun could be the world’s largest source of electricity.
2. Electric vehicles
The electric vehicle revolution is speeding up like never before, with automobile giants across the globe shifting from fossil fuels to all-electric models.
In fact, the UK government has pledged to ban the sale of all new non-electric cars from 2035. This move has led to a surge in the registrations of plug-in cars by over 160,000 between 2013 and 2018. Further, implementing clean energy technologies in vehicles will positively impact the nation’s contribution to climate change by 2050.
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