Climate Action Cools Down While Green Energy Surges
Even though the world seems to be stepping back from strong climate change policies, the push toward renewable energy is growing faster than ever. This shift raises questions about the future of our planet and how quickly we can move to clean energy sources.
A Look at the Numbers
Every year, energy expert Nat Bullard releases a detailed report on the global state of energy. In his most recent report, he talks about how the support for climate change action might have been stronger a few years ago, around 2021. He points out that the S&P Global clean energy index, commitments to environmental and social governance (E.S.G.), and new climate policies have all dropped significantly in the past few years.
Hopeful Signs in Energy Transition
Despite some setbacks, there are still positive signs that the transition to green energy is moving quickly. For example, in 2023, the amount of money spent on moving to clean energy was nearly double what it was in 2021, reaching over $2 trillion. This huge investment shows that many parts of the world are serious about switching to renewable energy.
In the United States, the growth of wind power and battery storage has been remarkable. Over the last twenty years, wind power capacity has increased by more than 20 times. And in just the past five years, the capacity for utility-scale batteries has grown by nearly 30 times. Other countries are also making big strides. For instance, Pakistan imported almost five times more solar power in 2024 compared to 2022, and Saudi Arabia's growth in solar energy has been even more impressive.
Overall, the installation of solar power systems worldwide has more than doubled since 2022. By 2024, over 90 percent of all new power sources installed around the world were clean, renewable energy.
What Does This Mean for Our Future?
Even though there may be less talk about climate change and fewer new policies, the rapid increase in renewable energy investments and installations is a hopeful sign. It suggests that many countries and companies are still committed to fighting climate change by reducing their reliance on fossil fuels and switching to cleaner energy sources.
This shift towards renewable energy could help ensure a healthier planet for future generations. While the political and cultural push for climate action may have its ups and downs, the progress in green energy offers a silver lining in the global effort to combat climate change.