Renewable Energy Transition & Green Technology

1. Environmentally Friendly Power Sources Are Surrounding Us:
Around 80% of the worldwide populace lives in nations that are net merchants of petroleum derivatives that is around 6 billion individuals are subject to non-renewable energy sources from different nations, which makes them powerless against international shocks and emergencies.

Conversely, sustainable power sources are accessible in all nations, and their true capacity is yet to be completely bridled. The Global Environmentally Friendly Power Organization (IRENA) assesses that 90% of the world's power can and ought to come from sustainable power by 2050.

Renewables offer an exit from import reliance, permitting nations to broaden their economies and safeguard them from the capricious value swings of petroleum derivatives while driving comprehensive financial development, new positions, and neediness mitigation.

2. Sustainable Power Is Less Expensive:
Sustainable power is the least expensive power choice in many regions of the planet today. Costs for sustainable power innovations are dropping quickly. Between 2010 and 2020, the price of solar-generated electricity decreased by 85%. Expenses of inland and seaward wind energy fell by 56% and 48, respectively.

Falling costs make sustainable power more appealing all over - including to low-center-pay nations, where the majority of the extra interest for new power will come from. There is a real chance that most of the new power supply in the coming years will come from low-carbon sources as costs fall.
Modest power from inexhaustible sources could give 65% of the world's all-out power supply by 2030. It could decarbonize 90% of the power area by 2050, greatly slicing fossil fuel byproducts and assisting with moderating environmental change.

Albeit sun-oriented and wind power costs are supposed to stay higher in 2022 and 2023 than pre-pandemic levels because of generally raised item and cargo costs, their seriousness works on because of a lot more honed expansions in gas and coal costs, says the Worldwide Energy Organization (IEA).

3. Environmentally Friendly Power Is Better:
As per the World Wellbeing Association (WHO), the vast majority of individuals on the planet inhale air that surpasses air quality cutoff points and compromises their well-being, and more than 13 million passings all over the planet every year are because of avoidable ecological causes, including air contamination.

The undesirable degrees of fine particulate matter and nitrogen dioxide start fundamentally from the consumption of non-renewable energy sources. In 2018, air contamination from petroleum products caused $2.9 trillion in well-being and monetary expenses, about $8 billion per day.Changing to clean wellsprings of energy, like breeze and sunlight-based, consequently assists in addressing the environment with changing as well as air contamination and well-being.

4. Sustainable Power Makes Occupations:
Each dollar of interest in renewables makes multiple times a bigger number of occupations than in the petroleum product industry. According to the IEA's estimation, there will be an overall increase in jobs in the energy sector as a result of the move toward net-zero emissions: while around 5 million positions in petroleum derivative creation could be lost by 2030, an expected 14 million new positions would be made in clean energy, bringing about a net addition of 9 million positions