Energy Transition
Himanshu Wadhwani
Carbon & IREC Trader | CPD Certified Fitness Trainer | Carbon Financing | Renewable Energy Certificates | Sustainability | Waste Management | Open for Collaborations | Fitness | Healthy Lifestyle
Over 80% of the world’s energy is produced by burning coal, oil and gas. Fossil fuels release billions of tonnes of carbon dioxide and are the biggest driver of climate change. But change is underway: a renewable energy revolution has begun. To meet the challenge of climate change, world will need to do everything possible to accelerate it. Renewable energy generated from natural resources such as wind and solar is increasingly cheaper than fossil fuels and can also provide millions of greener jobs. The right efficient policies could help us achieve 40% of the emissions cuts which are necessary to reach global climate goals, while generating job opportunities and saving money that can be invested in renewables.
Along with phasing in renewable energy, we need to phase out the extraction, production and use of fossil fuels. We need to highlight the climate and environmental risks associated with investment in fossil fuels and to help governments and investors prioritize renewable energy instead.
Increasing attention is being paid to the role of hydrogen in the transition to a sustainable energy system. Hydrogen can replace fossil fuels in heavy industries and in some large vehicles.
Along with helping the world reach its climate goals, energy efficiency has a range of other benefits, including reduced strain on resources, cleaner air in urban centers, reduced costs, and increased energy security through reduced load on national grids.