Abbey Abramson

  Future Outlook for Renewable Energy Future Outlook for Renewable Energy The future of renewable energy is bright, driven by technological advancements, increasing affordability, and a global commitment to addressing climate change. As nations strive to meet ambitious climate targets and transition to low-carbon economies, renewable energy is poised to become the dominant power source, offering solutions to environmental and socio-economic challenges.  This section explores projections for renewable energy capacity, emerging trends and technologies, the potential for universal energy access, and the role of renewables in achieving sustainable development goals . Projections for Global Renewable Energy Capacity Renewable energy is expected to account for an increasing share of global energy production, outpacing fossil fuels in the coming decades. According to the International Energy Agency (IEA, 2022), renewable energy will become the largest source of electricity by 2025,...

  The Economic and Social Benefits of Renewable Energy Economic and social benefits of renewable energy Renewable energy is more than just a tool for reducing greenhouse gas emissions—it drives economic growth, promotes social equity, and leads to improvements in public health . By transitioning to renewable energy sources, countries can unlock a range of economic and social benefits that extend beyond environmental sustainability. This section examines how renewable energy generates employment opportunities, expands energy access, alleviates poverty, enhances public health, and fosters  global equity. Job Creation and Economic Growth (12.7 mil. workers) The renewable energy sector has become a significant source of job creation and economic growth, particularly in developing and emerging economies. As the demand for renewable energy technologies grows, so does the need for skilled labor across manufacturing, installation, operation, and maintenance. In 2021, the renewable en...