Renewable energies have more and more power in the markets and in competitiveness. They are more efficient and more developed, which makes them increasingly studied and innovative. Last year was considered the year of renewable energy. In just one year the green energy capacity reached 153 gigawatts (GW), 15% more than in 2014.
This means that for the first time in history, renewable energies represent more than half of the annual energy inputs, surpassing the needs and use of coal in terms of accumulated installed capacity.
The International Energy Agency (IEA) He explained that renewable energies have experienced a good acceleration in the markets and in their own development. However, this increase in its use is still not enough to achieve the decided objectives to stop the effects of climate change.
One of the causes that make renewables increasingly powerful in the market is that production costs have experienced very notable decreases. This is thanks to the adoption of sustainable policies and technological advances of expansion to new markets with better renewable sources.
The idea when investing in renewables is that it requires a long-term vision. That is, the initial investment cost can be expensive, but in the long run it pays for itself and there are good benefits. It is estimated that by 2021, the global electricity generation capacity from renewable energies it will grow by 42%. This is a much more optimistic outlook than the one made in 2015.
China remains as undisputed global leader in the expansion of renewable energies and in concern for air quality. In the European Union it is explained that the advance of renewables depends on a lower growth in energy demand, reforming pending legislation on the market and clarifying political uncertainties on some markets.