Clean Energy Is Now Going Mainstream

clean energy investment
Clean Energy

Image Courtesy – Industry-focus dot com

In the G20, there has been a 73% rise in clean energy produced, highlighting a longer term trend; clean energy production is now a mainstream pursuit, rather than just a niche hobby.  To put things into perspective in 2010 4.6 per cent of total electricity generated by the G20 was from renewables.  In 2015 this figure hit 8%.

Detractors in the industry may well point out that 8% is still an insubstantial figure.  But almost doubling the output of renewable energy in a five year period is still impressive, and just goes to show that the rich nations of the world are just getting started.  The only way is up.

As we continue to invest, economies of scale continue to come into play, bringing down prices in the long term.  This will allow more and more innovation to take place in the future. Elon Musk’s Tesla Motors is a prime example of this. Although his products are now difficult and expensive to obtain for the average consumer, as more and more models are sold, Tesla cars will roll closer and closer towards the reach of the average family.  This is good news for the environment, as mass adoption of cleaner technologies and practices is the key to a better future for our environment.

It seems that humanity has a high marginal propensity to master renewable energy sources.  Current predictions state that by the year 2040, 60% of power generators will use carbon free generation methods.  The same study also predicts that by 2030, that solar power will be among the cheapest energy sources in most countries across the globe.  This will enable governments to replace gas and coal power stations, without an increased economic burden of subsidies.

From an investor’s point of view, market depression and volatility don’t make the renewables sector are welcome proposition at the moment.  However, with continued government support and an unquenchable thirst for cleaner sustainable energy sources, it is inevitable that in the long term there will be healthy returns for those willing to invest now in the sector.  There is no doubting that clean sources of energy are essential to all our futures.

For those who tout nuclear as the future of electricity generation, they would be wise to consider that nuclear programmes are currently under review.  For example in the UK right now, the proposed Hinkley Point C nuclear plant is gathering opposition in government, with concerns about cost, outdated technology, and national security.  The same concerns simply do not apply to renewable energy generation.

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