Exploiting renewable energy – a new direction

Renewable electricity output in the world is growing strongly but this rate seems to be insufficient to compensate for greenhouse gas emissions into the atmosphere every year.

According to Quartz, in 2017, the world has recorded the pace of expansion and increase of renewable energy, including solar energy and wind energy globally. In particular, 70% of new electricity added to the grid in 2017 comes from renewable electricity, an increase of nearly 9% compared to 2016 and is also the largest annual increase ever.

In fact, the world’s renewable energy spending is more than double that of total fossil fuel and fossil fuel spending.

Solar energy leads the trend of “greening” the energy industry at a rate of 55%. Wind power accounts for only 29% of the total electricity and hydropower 11%.