The Future of Renewable Energy

Charles Hinckley
3 min readJan 5, 2022

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Renewable energy has never been a more hotly debated topic than it is now. Many governments and individuals worldwide have begun to recognize the need for more renewable energy. Due to the decline in prices and rising demand for greener energy sources, the renewable energy market is transforming. Few would have imagined, even a few years ago, the magnitude of new technology produced to assist countries in beginning the process of decarbonizing their environment. Some of these shifts have been gradual, while others have been abrupt. The most significant trends and technologies in renewable energy have fundamentally re-shaped the energy business over the previous decade, while others are likely to make ripples in the years to come.

For the most part, wind turbines and solar panels reflect the advancement of renewable energy. Both power sources may be seen in many rural locations, and they have changed the market. Experts believe that advancements in electrification will accelerate the transition to renewables in the coming decades. Solar and wind energy are the two most environmentally friendly sources of electricity, and both are gaining popularity in both domestic and national grid applications. These renewable energy solutions have a lot of promise in the future, not just in creating clean energy but also in relation to what they can do for local economies.

Wind power provides a significant boost in local jobs and funding. Also, even though installation costs are still very high, solar panels provide a long-term option for anyone with a roof. Hydropower, wind power, and solar electricity are forecast to boost their capacity by 50% from 2020 to 2024.

When it comes to sustainable energy sources, wind and solar energy are widely regarded as the best possibilities. In comparison to fossil fuels, they are the fastest-growing and cheapest sources. Also, they cause far less damage to the environment and species around their sites.

One of the key reasons for the rise in renewable energy production is that fossil fuels are causing health issues for the earth and humanity, as well as the plain reality that they will run out eventually and global warming. Unless humans find a way to increase renewable energy, there won’t be energy to power the planet in the long run.

Because they are clean, renewable energy sources aid in the reduction of toxic chemical production and eliminate the need for environmentally damaging mining techniques. The ozone layer could recover, the air will get cleaner, and ecosystems will not be destroyed.

It is now critical that humans maximize our usage of renewable energy sources. Global warming issues and the long-term viability of fossil fuel reliance must also be addressed. Solar power is getting more affordable, and many countries have chosen to invest in solar panels and other renewable energy sources.

If countries meet their targets, the world could become run by renewable energy. This implies that nations would become carbon neutral. People will use electricity to power vehicles, and fossil fuels will become a thing of the past.

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Charles Hinckley
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Charles Hinckley — Investment Banker based in New York #renewableenergy #solarpower #windpower #solar #chuckhinckley #charleshinckley