Blog Business Entertainment Environment Health Latest News News Analysis Opinion Science Sports Technology World
2022 Climate Commitments: Promising Investments in Renewable Energy

As 2023 rejoices reflections also surface, but not just inward. Looking back on 2022, society has made sizable investments when it comes to the climate crisis, mainly in renewable energy. Not to say that more action is not necessary—because it most certainly is, especially in the category of embracing climate solutions. But on the other, more positive hand, reports show significant contributions toward green energy. 


 


Why is purifying our energy grid essential to avoiding climate devastation? Well, we use energy for everything: transportation, heating, cooling, electricity, etc..


 


Currently, these appliances' energy sources come from fossil fuels, such as coal, natural gas, or oil; all of which release greenhouse gases into our atmosphere and warm our planet. By replacing these fuels with clean energy (solar, wind, hydroelectric, etc.), we decarbonize our energy sources. 


 


Most often scientists focus on decarbonizing the electricity grid, rather than attacking energy broadly. Clean electricity means clean power across the economy, since if our electricity is green, so becomes our cars, other transportation, homes, and industries. 


 


Overall, Leah Stokes—a professor at UC Barbara and climate solution podcaster—summarizes, that all these sectors that become green with clean electricity make up 70-80% of our total greenhouse gas emissions! So, renewable energy is a key component in battling climate change.


 


Fortunately, @futureearth shared exciting data released by Grist this week. In the first half of 2022, global investments in renewable energy reached $266 billion, the highest amount ever in the first half of a year; about, 11% higher than the first six months in 2021. Solar power specifically rose up 33% from the initial half of 2021, recording $120 billion in 2022. Wind made a 16% or  $84 billion rise. The Chinese market leads these investments, with the US being a close second. 


 


On top of that, the first half of 2022 revealed unprecedented investments in venture capital and private equity for renewable energy and battery storage; the US advancing in these areas. 


Share This Post On

Tags: #renewableenergy #2022climateinvestments



0 comments

Leave a comment


You need to login to leave a comment. Log-in
Thesocialtalks.com is a Global Media House Initiative by Socialnetic Infotainment Private Limited.

TheSocialTalks was founded in 2020 as an alternative to mainstream media which is fraught with misinformation, disinformation and propaganda. We have a strong dedication to publishing authentic news that abides by the principles and ethics of journalism. We are an organisation driven by a passion for truth and justice in society.

Our team of journalists and editors from all over the world work relentlessly to deliver real stories affecting our society. To keep our operations running, We need sponsors and subscribers to our news portal. Kindly sponsor or subscribe to make it possible for us to give free access to our portal and it will help writers and our cause. It will go a long way in running our operations and publishing real news and stories about issues affecting us.

Your contributions help us to expand our organisation, making our news accessible to more everyone and deepening our impact on the media.

Support fearless and fair journalism today.


Related