Is the world finally embracing renewable energy?
We hear an awful lot of bad news regarding climate change and governments’ latent reaction to this ongoing global issue. However, one expert, Professor Catherine Mitchell from the University of Exeter, now reckons that there has been a global shift in attitude, policy, flexibility, efficiency, investment and efforts towards renewable energy sources such as wind, ocean, and solar, while there has been a decline in fossil fuel investment. In fact, she argues that renewable energy investment has, for the first time, outstripped investment in “dirty fuels”. This is due to a number of reasons, mainly evidence informed policy on the importance of adaption and mitigation to climate change on regional, national and global levels. It is also becoming clearer that renewable energy system costs are lowering as social preference increases, all while improving energy security and greatly helping to meet carbon reduction targets. While Professor Mitchell is careful to stress that climate change is an ongoing, complex issue with firm action required behind policy, there seems to be cause for optimism. As the momentum for favouring renewable energy systems over older, conventional systems becomes the norm, is there hope that the world is finally acting on a problem recognised decades ago?