Recently, as our technology has been rapidly improving, the energy sector has been as well. In fact, its development in the last ten years had been substantial. During this timeframe, a lot of practices, strategies, and resources management has been improved and are still continually cultivated up until now. With this in mind, it’s clear that our growth is steadily increasing. In the next years to come, we are going to see more changes, and these are some of the challenges which will hopefully be tackled by the world leaders and energy industries:
1.Establishing A Global Carbon Price
As we are now starting to make a move in decreasing our carbon emissions, it’s expected that we will see more and more countries practicing and integrating renewable energy sources in their businesses.
By 2030, it’s predicted that all countries will have a global price when it comes to producing carbon dioxide in our atmosphere. This would ultimately pave the way for a greener future as we are encouraged to switch to cleaner sources to efficiently save resources.
2.Investing More In Renewable Energy
Just last 2013, the United States already stopped investing in coal-fired industries outside their country. Around the same time, the World Bank Group even limited their financing power to support these coal-fired projects. Plus, the Norwegian Sovereign Wealth Fund promised to separate themselves from coal usage.
Because of these past events, investors also switched to eco-friendlier alternatives, so by the time 2030 comes, the annual investments in renewable energy will hopefully be more than there is to fossil fuels.
3.Engaging The Public To Acknowledge Renewable Energy
Today, not all countries have converted their public to switch to efficient and cleaner energy sources because of the lack of engagement.
In the next years to come, the governments from all over the world will encourage their communities to embrace energy ownership to not only remove cultural and social barriers but to also provide cheaper energy renewables to attract the public to participate even more.
4.Producing Next Generation Energy Renewables In Europe
As Europe sees an opportunity to be one of the leading producers of renewable energy, they are now starting to take lead in manufacturing innovative curtain wall systems, unitized curtain wall fabrication, and advanced lighting systems, solar PVs, 3D printers, and the like.
With this continually growing, by 2030, Europe will be considered one of the main countries to produce the next generation of renewables and technologies.
5.Discontinuing Fossil Fuel Lobbies Fully
The total use of fossil fuel is expected by the time we reach 2030. Because more and more corporations are now accepting renewable energy, this trend will eventually put an end to fossil fuel lobbies.
And because the supply of these greener alternatives of energy renewables are now starting to be accessible and affordable, more communities will follow this practice, thus improving not only the energy sector but a whole bunch of departments as well.
2030 is not that far from now. As long as these challenges and predictions will not waiver and would still be on track, then in no time, we will be experiencing a much more efficient and greener future.