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Will renewable energy surpass nuclear and fossil fuels? 🌍 Climate change awareness is reshaping our global economy, with key sectors reevaluating their impact. This pivot is most evident in how we generate and consume energy. As fossil fuels remain major emission contributors, the spotlight turns to renewable energy sources. Let's Break Down the Renewable Energy Spectrum: - Hydro 💧: Powers 15.3% of global electricity. - Wind 🌬: Making strides with 6.6%. - Solar ☀️: Shining at 3.7%, and notably cost-effective. - Biomass 🌱: Contributes 2.3%, a blend of tradition and innovation. - Geothermal ♨️: A less common source, under 1%. Combined, these sources accounted for about 28% of global electricity in 2021. Notably, solar and wind costs are significantly lower than coal, suggesting economic viability. With these advancements, a crucial question emerges: Will renewable energy surpass nuclear and fossil fuels? While renewables are growing rapidly, fossil fuels still dominate. The International Energy Agency forecasts a 60% growth in renewable capacity by 2026, potentially matching the combined power output of fossil fuels and nuclear. The future energy mix is evolving – will renewables lead the way? #RenewableEnergy #EnergyTransition #FutureOfEnergy

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Keith Vargas

Chief Enterprise Architect | Global Leadership | Strategy | IT Transformations | Delivering outcomes, not just technology

8mo

Being in the industry I don’t believe renewables will lead in our lifetimes There is something called “baseload” which at its bare minimum, must be consistent over time (i.e. no weather variability) in order to support schools, hospitals police fire etc., certain critical manufacturing, street lights etc And thus far, there is no other source more consistent than nuclear. That is why the Nuclear regulatory commission and others are working hard to get new nuclear plants up and running. Maybe some day this will change. https://frontiergroup.org/articles/do-we-really-need-nuclear-power-baseload-electricity/

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