The Changing Energy Landscape

Abstract

Renewable Energy, also called Green Energy, is derived from natural resources that are widely distributed, and naturally and constantly renewed at a rate higher than they are consumed. Renewable Resources which include hydropower, solar, wind, geothermal, tidal and wave energies, and biomass are virtually inexhaustible. These are considered clean and sustainable as they are naturally replenished on human timescale and typically have low or zero carbon footprint, unlike fossil fuels. Renewable Energy has gained breakthroughs and significant momentums worldwide, driven by the rising consciousness and commitments to reduce carbon emissions, rising energy demands, abundant resources, technological innovations, government incentives, implementation efficiencies, decentralized systems, low costs and market dynamics. The industry is also embracing digital transformation with advanced data analytics and artificial intelligence in optimizing energy production and distribution. With strong government support and improved economics, the renewable energy sector has become an appealing area for investors.