TiBE’s Post

🌐Development Finance for Renewable Energy Generation by Channel, 2013, 2017 & 2022. 💡The global #financial landscape continues to put low-income countries at a significant disadvantage, with the cost of #capital for renewable #energy projects reaching as high as 10%, compared with less than 4% in high-income countries. Instead of supporting developing countries’ efforts to leapfrog #fossil fuels and establish renewables-based economies, this situation exacerbates #inequality and prevents these countries from benefitting from the huge opportunities presented by renewables - not only to address energy access, but also to drive #economic and #industrial development. 🌐ren21.net/gsr-2024/ REN21

Many believe that clean energy sources like solar and wind are costly, but the truth is quite the opposite. Over the past decade, the price of renewable energy has dropped significantly, making it more affordable than ever. In fact, investing in renewable energy can lead to long-term savings on energy bills and create jobs in the green sector. Plus, as technology improves, these costs continue to decrease. Let’s embrace renewable energy for a sustainable future that’s not only good for the planet but also good for our wallets! #theenergyhackpodcast #petroleum #nnpc #oilandgas #fuelprice #economy #industry #energyinsider

The transition to renewable energy has reached a critical point, as highlighted by the World Economic Forum and the International Renewable Energy Agency (IRENA). To stay on track with the 1.5°C pathway, global investment in the energy sector must more than double. While ambitious goals like tripling renewable capacity and doubling energy efficiency by 2030 were set at COP28, the World Economic Forum warns of a significant gap between these announcements and the actionable policies needed to meet them. Examples of progress, such as Australia’s groundbreaking renewable energy hub and advancements in scalable technologies like small modular reactors (SMRs), offer hope for a cleaner energy future. Collective action in renewable infrastructure, policy innovation, and local implementation is essential for shaping a sustainable, energy-efficient future for all. #RenewableEnergy #WorldEconomicForum #CleanEnergyTransition #SolarPower #GlobalClimateAction #SustainableFuture . . https://lnkd.in/g2J3SDd3

🌍🌱 Exciting news from the International Renewable Energy Agency (IRENA)! Their latest report reveals that in 2020, renewable energy sources took the lead, accounting for a remarkable 72% of all new power capacity additions worldwide! 💡🎉 This milestone marks a significant shift towards a cleaner, more sustainable energy future. Amidst growing concerns about climate change, the surge in renewable energy adoption is a beacon of hope. Solar, wind, hydro, and geothermal power are driving this change, reducing reliance on fossil fuels and curbing harmful emissions. 🌞💨💧 But it's not just about environmental benefits, renewable energy is also powering economic growth and creating jobs. 📈💼 Industries in renewable energy are flourishing, paving the way for innovation and investment opportunities. However, our journey towards sustainability is ongoing. We must continue to advocate for renewable energy adoption, invest in infrastructure, research, and supportive policies to ensure a greener future. 🚀🔋 #niqsfoundation #niqsf #wednesdayfact #cleanenergy #RenewableEnergy #Sustainability #CleanEnergyFuture

🌍 A New Era for Clean Energy: Global Renewables Milestone 🌱 For the first time ever, zero-carbon energy sources contributed over 40% of global electricity generation in 2023! 💡 This is a massive milestone on the path toward a sustainable future. Of this, 14% came from wind and solar, showing the incredible potential of renewable technologies. 🌬️☀️ The transition is gaining momentum, with $313 billion invested in renewables just in the first half of 2024—reflecting a strong shift towards cleaner energy worldwide. 🚀 However, many countries still face challenges in maintaining balanced progress in the energy transition. This highlights the urgent need for continued innovation, increased investments, and strategic policy reforms to accelerate a truly global shift. 🔄🌱 This progress is encouraging, but it's also a reminder that the journey is far from over. Let's keep pushing for a greener, more sustainable world! 💚 How can we collectively foster this momentum and help make clean energy accessible for all? Share your thoughts below. 👇 #CleanEnergy #RenewableEnergy #Sustainability #GlobalMilestone #GreenFuture #EnergyTransition (Source: World Economic Forum)

Global Snapshot of Renewable Energy Adoption in 2022 This analysis showcases how different countries around the world are embracing renewable energy as a portion of their total energy generation. Europe and Africa show strong commitments, with several countries surpassing 50% renewable energy, while the Americas present a more mixed picture. Notable leaders like Iceland and Norway generate nearly all their power from renewables, while others, especially in Asia and the Middle East, rely more on fossil fuels. This reveals an inspiring global shift towards sustainable energy but highlights the diverse levels of adoption. Credit: visualcaptialists #RenewableEnergy #GreenEnergy #SustainablePower #EnergyTransition #GlobalEnergy #CleanEnergy #Sustainability #CarbonFootprint #EcoFriendly #ClimateChange #EnergyRevolution #CleanTech #PowerGeneration #SolarPower #WindEnergy #Hydropower #NetZero #EnergyEfficiency #FutureOfEnergy #EnvironmentalImpact

🌍 The future of renewable energy is looking incredibly bright! According to recent projections, the global solar and wind capacity is set to soar to an astonishing 8 TW by 2033. This massive growth highlights the increasing commitment to sustainable energy solutions. Additionally, energy storage is expected to experience a monumental surge of 600%, underscoring the pivotal role of advanced storage technologies in stabilizing and optimizing renewable energy supply. https://lnkd.in/egvQYPAE 🔋 Let's embrace these advancements and work together towards a greener, more sustainable future. Read more at: Economic Times #RenewableEnergy #Sustainability #SolarPower #WindEnergy #EnergyStorage #GreenFuture #Innovation

🔢 Number of the day: $2 Trillion The global renewable energy market is expected to grow upward over the next few years. Statista states that the market will reach over two trillion U.S. dollars by 2030. Environmental concerns regarding fossil fuels, rapid urbanization, and economic growth in emerging regions are all major factors contributing to this projected market growth. #RenewableEnergy #Sustainability #MarketGrowth #GreenFuture #Innovation #BDB #BDBNetwork #NumberOfTheDay What are your thoughts on the future of renewable energy? Share below! ⬇️

Excited to share the incredible growth of renewable energy in the UK! 🌿🌍 In the past decade, the UK has made remarkable progress in harnessing clean energy sources. Solar capacity has almost tripled, wind energy production has almost trippled, and other renewables have seen a substantial uptick. These advancements are not just numbers; they represent a tangible shift towards a greener, more sustainable future. 🌞💨 Looking ahead, the UK's commitment to renewable energy remains steadfast. With ambitious targets set, future projections indicate a substantial increase in renewable energy capacity. The goal is clear: to continue driving the transition towards a carbon-neutral economy. 🌱💡 Let's keep this momentum going, together we can make a real difference! 💪💚 #RenewableEnergy #UKGreenFuture #SustainableUK

Achieving 100% 💪 renewable energy worldwide 🌎 is an ambitious goal; it presents both opportunities and challenges. The potential of renewable sources like solar, wind, hydro, and geothermal power is vast, offering a clean and sustainable alternative to fossil fuels. Technological advancements, decreasing costs, and increased efficiency in renewable energy technologies have fueled optimism. However, challenges such as intermittency, energy storage, and the need for extensive infrastructure upgrades remain. A comprehensive global transition to 100% renewable energy requires coordinated international efforts, innovative solutions, and supportive policies. Achieving this goal would not only mitigate the environmental impact of conventional energy sources but also promote energy security and economic growth and address climate change concerns. Despite the obstacles, continued investment, research, and commitment from governments and businesses are crucial for a sustainable energy future. https://lnkd.in/gwe-N7Rt #futureengineers #renewableenergy