In general, the energy sector is considered conservative, difficult, and slow to adapt to different market forces. Today, however, it faces a reality of significant change and continuous challenges, from modern environmental sensitivity to changing attitudes of policymakers to consumer expectations. Green Energy Stocks are a very important topic these days.
These problems have led to a considerable amount of innovation, both inside and outside the traditional IT field. Public and private utilities, for example, are investigating how technology can reduce costs, increase efficiency and increase competitive advantage. Research studies and confirm these data and experts say that by 2035 we will find green energy companies that will be able to provide about 25% of the world’s energy.
1.The era of fossil fuels is coming to an end
Pending the implementation of stricter climate targets and taking into account the costs related to the social and environmental impact of traditional energies, investors are gradually withdrawing their support for fossil fuels. The most recent example is the international insurance company Allianz, which learned about coal.
In recent years, the global energy landscape is facing a major transition marked by the increasingly rapid decline of fossil fuels, which have so far provided about 87% of global energy consumption.
While on the one hand investment in this sector is now declining, on the other hand, there is a new reversal of trends in which so-called alternative energies are established as protagonists of the energy scenario around the world.
2.A new energy future is underway
More and more countries are turning to renewable energy, abandoning nuclear and fossil fuels. For the first time in 2013 and again in 2014, we see that more renewable energy production sites are being built than fossil sites or nuclear power plants.
In 2014, the amounts invested in renewable electricity were twice as high as investments in fossil fuels. Since 2000, the world’s installed photovoltaic power has multiplied by 50, while wind energy has increased by a factor of eight over the same period.
3.The energy of the future is renewable
The changes we are observing can be explained by the great technological advances and the dizzying fall in prices. The cost price of a kilowatt/hour of solar energy has fallen in a few decades and has fallen from one euro to less than 10 cents in the sunniest countries. In the future, it could drop to two cents, according to the German Fraunhofer Institute.
4.The energy of the future is decentralized
Energy production is now provided by billions of small and large renewable energy plants. Thanks to increasingly efficient and decentralized techniques, energy poverty could be eradicated.
5.The energy of the future is digital
After reducing the production costs of renewable energy sources, implementing legislation, and mobilizing financial resources by the private sector, the transition to digital technology and decentralization of production will characterize many aspects of the future energy system.