A new study by the Rocky Mountain Institute (RMI), a US-based non-profit organization in the field of energy and resource efficiency, reveals that wind and solar energy will provide more than a third of global electricity by 2030. The report, conducted in collaboration with the Bezos Earth Fund, highlights that active growth in solar, wind and battery use could allow countries to achieve ambitious net-zero pathways by the end of the decade.Fossil fuels are not wanted
The published report also reveals that as renewable energy sources become more cost-competitive and popular, electricity demand from fossil fuels will decrease by up to 30 percent from the 2022 peak by 2030.
The report underlines that while solar energy and battery costs decreased by 80 percent between 2012 and 2022, offshore and onshore wind costs decreased by 73 percent and 57 percent, respectively. It is stated that European countries and China are most responsible for the progress in this field. Additionally, the report states that the Middle East and Africa are catching up.
public pressure
The continued growth of renewable energy sources is also fueled by public pressure to save our planet by switching to sustainable energy sources. It seems quite possible to triple renewable electricity investments and capacity by 2030 based on these foundations.
“Explosive investments in battery technologies are revolutionizing the industry much faster than expected, driving a seismic shift in the way we power our lives and organize energy systems as early as 2030,” the RMI press release said. Today, we’re seeing significant acceleration in electric vehicles, with Tesla booming and many other automakers entering the game. If RMI is right, and it probably is, we will see even more sustainable energy solutions implemented over the next decade.
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