Harnessing nature's power for a sustainable and healthier planet
In the face of climate change, renewable energy has emerged as a beacon of hope, offering a pathway to a sustainable and healthier planet.
Unlike fossil fuels such as coal, oil, and gas, which take millions of years to form, renewable energy is derived from natural sources that are constantly replenished—like sunlight, wind, and water—at a rate faster than we consume them 1 9 .
The most abundant energy resource, harnessed through photovoltaic panels and solar thermal technologies.
Captures kinetic energy of moving air with turbines, both onshore and offshore.
Largest current source of renewable electricity, using water movement from higher to lower elevations.
Utilizes heat from Earth's interior for electricity and heating, a mature technology operating for over a century.
Produced from organic materials like wood, agricultural crops, and manure for heat and electricity.
Share of global electricity generation in 2024, up from 28% in 2022 .
Energy Source | Share of Global Electricity Generation (2022) | Share of Global Electricity Generation (2024) | Key Facts |
---|---|---|---|
Renewables (Total) | 28% | >30% | The fastest-growing segment of the power sector. |
Solar | 4.6% | ~6% (estimated) | Record-breaking year for new capacity added in 2023 9 . |
Wind | ~7.5% (estimated) | ~8% (estimated) | A key driver of renewable growth alongside solar . |
Hydropower | ~15% | ~15% (estimated) | The largest source of renewable electricity currently 4 . |
Fossil Fuels | 62% | <60% 6 | Declining share but still the dominant source. |
About 80% of the global population lives in countries that are net-importers of fossil fuels. Renewable energy sources are available in all countries, allowing for greater energy independence and stability 6 .
Energy Resource | Unsubsidized Levelized Cost of Energy (LCOE)* | Notes |
---|---|---|
Wind (Onshore) | $24 - $75 / MWh | Often the cheapest new-build option in many regions 4 . |
Solar PV (Utility Scale) | $24 - $96 / MWh | Costs have decreased by 86% between 2009 and 2019 4 8 . |
Natural Gas | $39 - $101 / MWh | Cost fluctuates with fuel prices 4 . |
Coal | $68 - $166 / MWh | Increasingly uncompetitive with renewables 4 . |
Wind (Offshore) | $72 - $140 / MWh | Higher cost but with greater potential capacity 4 . |
Nuclear | $141 - $221 / MWh | High capital and maintenance costs 4 . |
The world's first commercial floating wind farm, demonstrating the viability of accessing wind resources in deep waters 5 .
A location off the coast of Scotland was chosen for its strong and consistent wind speeds and water depths of over 100 meters 5 .
Turbines mounted on floating structures ballasted for stability and anchored to the seabed with multiple mooring lines 5 .
Turbines assembled onshore and towed to sea, with electricity transmitted via underwater cables to the national grid 5 .
Key technologies driving the energy transition
Convert sunlight directly into electrical energy using semiconductors like silicon 1 .
Use electricity to split water into hydrogen and oxygen, producing green hydrogen 5 .
Store electrical energy chemically to manage intermittency of solar and wind power 5 .
Create virtual models to simulate, optimize, and predict performance of energy systems 2 .
Accelerate chemical reactions for new forms of recycling and fuel production 2 .
Allow rapid testing and discovery of new materials with specific properties 2 .
Development of better batteries and green hydrogen is critical to providing a stable and reliable power supply, even when the sun isn't shining or the wind isn't blowing 5 .
Installing solar panels on water bodies reduces land use conflicts and improves panel efficiency due to the cooling effect of water 5 .
The transition to renewable energy is more than a technical shift; it is a transformation that promises a healthier, more secure, and prosperous world. Renewables are not only combating climate change but are also democratizing energy, creating jobs, and cleaning the air we breathe 6 9 .
While challenges like intermittency, grid integration, and the need for critical minerals remain, the solutions are within reach through continued research, supportive policies, and global cooperation 4 . The future of energy is clean, distributed, and intelligent—and it is being built today.