The US Paradoxically Leading, Trailing in Green-En
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Posted On: 05/31/2024 5:32:27 PM
The US Paradoxically Leading, Trailing in Green-Energy Shift Race
The United States is leading the charge in the global transition to renewables such as solar and wind, but the country is still struggling to rein in its massive carbon-dioxide emissions. With green-energy costs falling significantly during the past decade, America’s share of photovoltaic solar electricity has increased from 1% to 6% from 2015 to date, putting it second behind China in solar generation. Wind-energy generation in the U.S. has also seen similar growth, increasing from 5% in 2015 to 10% in 2023.
This adds up to 16% of America’s energy coming from renewables, a massive feat considering the U.S. drew just 0.2% of its electricity from renewables two decades ago. Although China is far ahead of the U.S. in deploying renewables, the country’s progress in the green-energy space is nothing to be scoffed at and has helped the nation cut its C02 emissions by 41% from its 2017 peak. However, despite this world-leading progress, the U.S. is still one of the two leading carbon-dioxide emitters on the globe.
Per capita CO2 emissions in the U.S. are three times higher than the worldwide emissions average and are unparalleled by any other western nation. Although China is now the top greenhouse-gas emitter on the globe, America is historically the largest producer of carbon emissions and only recently lost the spot to China. Paradoxically, America’s lead in green-energy generation has been shadowed by the nation’s massive greenhouse-gas emissions. China is in a similar position and added more than one half of the globe’s wind and solar installations last year, even though it also generated close to one-third of all global emissions in the same period.
Many fossil-fuel-industry apologists in the U.S. government often say that nations such as China and even India are to blame for most of the world’s carbon emissions because of their fossil-fuel energy use. China, for instance, produces more than 50% of the world’s electricity from coal and has approved a significant number of new coal-mining projects over the past two years. While these two Asian nations need to take steps to limit their reliance on fossil fuels and cut their emissions, the U.S. still produces plenty of carbon-dioxide emissions in its own right (13–14% of global emissions).
The Union of Concerned Scientists (UCS) notes that the U.S. will have to ramp up green energy in the power industry; boost efficiency; and electrify transportation, buildings and industry to meet its Paris Agreement climate goals, while also phasing out fossil fuels.
Companies such as Correlate Energy Corp. (OTCQB: CIPI) are doing their part to facilitate the green-energy transition by bringing innovative products to market geared at promoting the widespread adoption of decentralized energy generation.
NOTE TO INVESTORS: The latest news and updates relating to Correlate Energy Corp. (OTCQB: CIPI) are available in the company’s newsroom at https://ibn.fm/CIPI
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
The United States is leading the charge in the global transition to renewables such as solar and wind, but the country is still struggling to rein in its massive carbon-dioxide emissions. With green-energy costs falling significantly during the past decade, America’s share of photovoltaic solar electricity has increased from 1% to 6% from 2015 to date, putting it second behind China in solar generation. Wind-energy generation in the U.S. has also seen similar growth, increasing from 5% in 2015 to 10% in 2023.
This adds up to 16% of America’s energy coming from renewables, a massive feat considering the U.S. drew just 0.2% of its electricity from renewables two decades ago. Although China is far ahead of the U.S. in deploying renewables, the country’s progress in the green-energy space is nothing to be scoffed at and has helped the nation cut its C02 emissions by 41% from its 2017 peak. However, despite this world-leading progress, the U.S. is still one of the two leading carbon-dioxide emitters on the globe.
Per capita CO2 emissions in the U.S. are three times higher than the worldwide emissions average and are unparalleled by any other western nation. Although China is now the top greenhouse-gas emitter on the globe, America is historically the largest producer of carbon emissions and only recently lost the spot to China. Paradoxically, America’s lead in green-energy generation has been shadowed by the nation’s massive greenhouse-gas emissions. China is in a similar position and added more than one half of the globe’s wind and solar installations last year, even though it also generated close to one-third of all global emissions in the same period.
Many fossil-fuel-industry apologists in the U.S. government often say that nations such as China and even India are to blame for most of the world’s carbon emissions because of their fossil-fuel energy use. China, for instance, produces more than 50% of the world’s electricity from coal and has approved a significant number of new coal-mining projects over the past two years. While these two Asian nations need to take steps to limit their reliance on fossil fuels and cut their emissions, the U.S. still produces plenty of carbon-dioxide emissions in its own right (13–14% of global emissions).
The Union of Concerned Scientists (UCS) notes that the U.S. will have to ramp up green energy in the power industry; boost efficiency; and electrify transportation, buildings and industry to meet its Paris Agreement climate goals, while also phasing out fossil fuels.
Companies such as Correlate Energy Corp. (OTCQB: CIPI) are doing their part to facilitate the green-energy transition by bringing innovative products to market geared at promoting the widespread adoption of decentralized energy generation.
NOTE TO INVESTORS: The latest news and updates relating to Correlate Energy Corp. (OTCQB: CIPI) are available in the company’s newsroom at https://ibn.fm/CIPI
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
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