Downloads: 0 | Views: 56
Research Paper | Renewable and Sustainable Energy | India | Volume 13 Issue 2, February 2024 | Rating: 4.5 / 10
Accelerating the Future: Analyzing the Growth, Costs, and Global Progress of Renewable Energy in Climate Change Mitigation
Abstract: Climate change poses an urgent threat, with greenhouse gas emissions driving impacts like rising temperatures, extreme weather, and sea level rise. The transition to renewable energy sources like solar, wind, and hydropower is critical for mitigating climate change and reducing emissions. This paper analyzes the growth of renewable energy and the costs and benefits associated with shifting away from fossil fuels. Global progress on renewable energy is reviewed, with a focus on leaders like China and the United States. India's renewable expansion is also examined as an example of a developing country with ambitious clean energy aims. A cost analysis case study finds that while the upfront investment in renewables is substantial at around $4.5 trillion globally, costs are falling sharply. The environmental and economic advantages of renewable power are weighed against disadvantages like intermittency and land use. With supportive policies, renewable energy can realistically expand to meet a majority of the world's electricity needs and help curb climate change. Accelerating the transition to affordable, low-carbon energy systems is an urgent priority. This paper underscores the importance of renewable energy in achieving climate change mitigation goals and building a sustainable future.
Keywords: Renewable energy, solar power, wind power, climate change mitigation, energy transition, renewable energy costs, renewable energy policies
Edition: Volume 13 Issue 2, February 2024,
Pages: 790 - 793