Today’s Solutions: January 27, 2022

The shift to renewables is coming and it’s coming fast. Big industry and financial institutions are finally getting on board with a greener future. This week, Goldman Sachs analysts released a report stating that the transition to renewable power from traditional fuels will create a $16 trillion investment opportunity through 2030.

They project that green energy spending will surpass oil and gas for the first time this coming year and account for roughly 25 percent of all energy spending over the next 12 months. As of 2015, the share of spending was 15 percent, but the dive in fossil fuel investment over the past decade has created a significant shift in these statistics.

Earlier this month we shared how England has gone over two months without coal-sourced power. This financial projection is just another indication that the global move to renewables has arrived. 

Economic downturns have historically slowed efforts to boost clean energy investment, but Goldman Sachs is seeing the coronavirus downturn contradicting that trend and accelerating the nationwide pivot to green energy. 

The potential of new technology combined with the falling cost of capital and an attractive regulatory framework is making investors hungry for a piece of the renewable energy pie. 

The transition is not without risks, but getting in on the ground floor of the renewable energy revolution holds enormous potential for investors and the future of green industries.

Solutions News Source Print this article
More of Today's Solutions

Cooling bamboo system is a green alternative to air conditioning

The number of sweltering days affecting people each year in Vietnam has grown significantly in recent years as a result of climate change. Using air conditioning may help reduce people’s exposure to life-threatening hot temperatures, ... Read More

Weird species of worm named after Godzilla’s enemy

We love sharing the uncovering of the vast biodiversity of our world with our readers. In 2020 alone, 503 new animal species were discovered. From the Popa langur monkey, to nine new snake species and ... Read More

Gene-therapy could treat leading cause of blindness

Throughout the past decade, it seems like science is getting closer to the reality of gene therapy. Here at The Optimist Daily, we’ve reported on a number of potential uses for the practice, including; curing ... Read More

Could electric rail vehicles be the future of freight?

According to the Environmental Protection Agency, medium- and heavy-duty trucks are responsible for 24 percent of the total greenhouse gas emissions spewed by the transportation industry in the US. A team of former SpaceX engineers ... Read More

Levitating ice leads to deeper understanding of energy

Believe it or not, scientists have been levitating water since the 18th century. The Leidenfrost effect was first described in 1751 by a German doctor and theologian, who named the phenomenon after himself. Using a ... Read More

Goldie the porcupine pufferfish is thriving after emergency dental work

Did you know that porcupine pufferfish teeth, which are known as beaks, never stop growing throughout the fish’s life? “They’re usually kept short naturally, as they’re worn down on their regular diet of hard-shelled foods,” ... Read More