emerging
Accelerating Renewables Revolution
Despite slower-than-desired adoption, 2025 presents an opportunity to accelerate the renewables revolution through policy and profitability solutions.
Timeframe
near-term
Categories
Impact areas
Detailed Analysis
While sustainability remains a priority, the renewables sector faces challenges in achieving widespread adoption. The "energy trilemma" of balancing security, affordability, and sustainability, as highlighted by Bruno, poses a significant hurdle. Furthermore, high interest rates have hindered investment in renewables. "Companies must balance their portfolios, incorporating more renewables while maintaining profitability," Leshchinskiy emphasizes. To overcome these challenges, policy interventions, such as carbon credits and potentially increased pricing for renewable energy, are crucial for stimulating growth and making renewables more financially viable.
Context Signals
IEA prediction of renewables outpacing coal by 2025
High interest rates hindering investment
Need for policy interventions to drive adoption
Edge
Community-owned renewable energy projects could empower local communities and accelerate the transition to clean energy.
Gamification and incentivization programs could encourage consumer adoption of renewable energy solutions.
The development of more efficient energy storage technologies could address the intermittency challenges of renewable energy sources.
