Transition to Renewable Energy

SOURCE www.foxnews.com
More than 190 countries are ready to move away from fossil fuels and triple renewable energy by 2030, but face obstacles such as high upfront costs, supply shortages, and resistance in some regions.

Key Points

  • More than 190 countries are committed to tripling renewable energy by 2030
  • Renewable energy projects face obstacles such as high upfront costs and supply shortages
  • Interest rates and borrowing costs pose challenges for renewable energy initiatives

Pros

  • Transitioning to renewable energy sources is crucial for combating climate change
  • Renewable energy projects have long-term benefits for the environment and public health

Cons

  • High upfront costs and borrowing costs make it challenging to initiate renewable energy projects
  • Supply shortages and delays hinder the progress of renewable energy installations