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Do you know that water currently generates over 54% of the world’s clean and renewable energy capacity, in turn almost 18% of the world’s electricity?
Clean energy represents the energy sources dependent on the weather. Solar, wind, water, tidal, geothermal, and biomass are the most popular clean energy sources. The concept proposes to reduce carbon emission from low to zero.
The global clean energy market creates five times more jobs than fossil fuels and is expected to be worth over USD 1.5 trillion by 2025.
In the High-level Dialogue on Energy in 2021, governments committed to installing 698 gigawatts of renewable energy from solar, wind, geothermal, hydro, and renewables-based hydrogen, and businesses, notably power utilities, pledged to install an additional 823 GW, all by 2030.
The countries are working on switching power sources to clean, and the renewable energy industry is expected to receive more than USD 100 trillion investment over the next three decades. Decarbonisation has already shaped the global economy and is ready to shape the finance industry also.