Global wind power and solar power investment far exceed fossil fuels -part 1

According to the Wall Street Journal news on June 12, driven by the declining cost of wind power and solar power, global renewable energy investment continues to exceed coal power generation, natural gas power generation and nuclear power plant investment. The International Energy Agency (IEA) stated that in recent years, more than half of the world’s newly-added power generation capacity is renewable energy such as wind power and solar energy.

According to the IEA data, the global renewable energy investment was approximately US$297 billion in 2016 (the most recent documented year), which is more than double the US$143 billion investment in new nuclear power, coal, natural gas, and oil-fired power plants. The Paris-based agency expects that renewable energy will account for 56% of the net increase in generating capacity by 2025.

Thanks to cash back, tax deductions and other incentives, wind and solar power costs have been declining for 10 years, making renewable energy investments more competitive. Nowadays, products like Wind Turbine is not expensive at all, every family can depend on a Wind Turbine for basic life needs and save money.

Researchers say that the cost of renewable energy has fallen significantly in the past few years, and today wind power and solar energy have become the cheapest power generation options. Compared with traditional power plants, there are fewer challenges for renewable energy power plants.

GautamSne: India's Zero Emissions Target or Relies on Multiple New Energy Technology Paths

GautamSne said that in India, after the decision is made, there will be some new policies that will be specifically described. Of course, we understand this proposal. The government will establish a zero emission target. This goal is set by the government. How to do it does not necessarily mean that the battery will be purely electric. To achieve this goal, it may also be other paths and other forms. For example, hydrogen or fuel cells, or other technical options. Now there are some engine-related technologies. Of course, there are related improvements in efficiency, especially in the reduction of fuel consumption. The situation has improved.