2020 Renewable Energy Industry Outlook
There’s been a lot of talk about eco-friendly living and green jobs over the past several years, and it doesn’t seem to be coming to a halt anytime soon. In fact, by the year 2035, it’s expected that half of the energy used in the world will stem from various renewable sources. Let’s take a look at a couple of the top energy trends in 2019 that will pave the way for this in the next 16 years.
1) More Cities Making Commitments to Clean Energy
Yes, the United States (US) did withdraw from the world-renowned Paris Climate, which is aimed at tackling climate change. However, that doesn’t mean that individual U.S. states and cities haven’t stepped up to the plate to make its own clean energy commitment.
Research shows that six states and hundreds of municipalities have made pledges to operate on 100% green energy. And two states plus 90 cities have already achieved their goals. There’s no doubt that more parts of the country will follow these green trailblazers in the years to come.
2) Blockchain Will Strive to Develop a Novel Energy Infrastructure
Blockchain technology has infiltrated the finance and health care industries, and it is also leaving an impression on real estate. Now, its aim is to have a long-term influence on power.
How so? First, people can easily engage in energy trading both securely and instantaneously with blockchain. In addition, blockchain can create a system through which regulators can access compliance-related data themselves, rather than relying on energy industry employees to gather data for them.
There’s no doubt that massive changes will occur in the near future as energy businesses transition to renewable. The good news is that these changes will help to better serve consumers, create green jobs, and benefit the planet by reducing our environmental impact long term.