Renewable energy

Current overview

Renewable energy sources are immediately replaced by nature, emit very small carbon quatities in their life cycle and they are practically inexhaustible. According to the report by the International Energy Agency, almost 90% of the new generation of electricity in the year 2020 was based on renewable sources, a growth of 4% compared to 2019. In the next 30 years, renewable energy sources they will show a growth between 20% and 60% while the fossil energies will suffer a decline. Investors are increasingly cautious about fossil fuels as the cost of renewable technologies is decreasing and the momentum for global carbon pricing is growing. Many investment banks have signaled a shift away from both oil and coal. In addition, there is growing pressure for all companies to assume a posture of environmental responsibility.

Renewable energies generated more electricity than fossil fuels in Europe in the first half of 2020 and several countries, including the United States, committed to a net zero economy by the year 2050. The choice of renewable energy is not only an important factor for the preservation of natural resources, it is a market differential, as it adds value to the production processes and to the final product.