Over recent years the march towards an energy industry ruled by renewables has been on the agenda of many countries and international bodies. Aside from their non-depleting and replenishing nature, renewable energy is poised to lessen the world's carbon footprint and reduce greenhouse gas emissions.
As the data depicts, ridding the world of fossil fuels and eliminating the impact of climate change relies on championing the adoption of renewables, a roadmap that requires a concerted effort from businesses, governments, and individuals. Sustainable energy continues to be a key priority for the United Nations, which includes energy in its Sustainable Development Goals . The
champions renewable energy adoption for the entire world, requiring governments to “ensure access to affordable, reliable, sustainable, and modern energy for all”.Utility-scale solar PV: Total installed costs in 2018 by component and country.For many years, financing entities perceived renewables as risky because of high cost, leading to high lending rates for individuals and businesses that need funding for renewable power generation.
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