Buildings account for about 40% of global CO2 emissions, so it’s no wonder why so much focus goes toward green building systems and reduced emissions from corporate structures. Reducing this structural carbon footprint can help counter climate change and push us toward the goals outlined in the Paris Agreement and other climate action pacts.
To help you plan and work toward lowering emissions from corporate buildings, you can look to a GHG emissions reduction audit checklist for building owners. These audit checklists and GHG inventory management can all help you reach your carbon emissions goals.
Continue reading for more about these audits and the actions you can take to reduce your building’s emissions.
How Do You Reduce GHG in Buildings?
Reducing greenhouse gas emissions (GHG emissions) in buildings starts when construction begins and continues throughout the building’s lifespan. Let’s review how to reduce emissions in both stages to minimize a building’s environmental impact.
GHG Emissions Reduction Audit Checklist for Building Owners During Construction
Starting on the right foot regarding GHG emissions reductions for building owners begins at the construction phase. Of course, none of this will apply if we’re talking about an existing building. However, if you’re constructing a new building, these tips can help lower the carbon footprint of erecting a new building.
Reuse Old Buildings
Instead of commissioning a new building, you can reduce emissions by reusing an old building. In fact, by doing this, you can save 50% to 75% of the embodied carbon emissions — the emissions associated with the materials and construction process — relative to new construction.
So, when considering a new building, think to yourself, “Is there an existing building we can renovate to fit our needs?” If so, you can reduce carbon dioxide (CO2) emissions by rehabilitating the old building. Plus, you can use some of the character in older commercial buildings to your advantage in the design phase.
Remember, that when reusing older buildings, you’ll likely have some extra work for efficiency improvements, but the emissions savings will easily offset that need.
Use Low-Carbon Concrete
Concrete production isn’t known for its GHG emissions, but its sheer weight and the amount that goes into a new building make it the most significant embodied carbon source in many projects. In fact, cement accounts for a whopping 7% of all global emissions and 50% to 85% of the embodied carbon in a building project.
You can reduce your building’s carbon footprint by opting for lower-emission concrete, such as those with fly ash, slag, or calcined clays. You can even opt for lower-strength concrete where it makes sense.
Limit Carbon-Heavy Materials
Materials with big carbon footprints, such as metals, plastic, and foam, can be a part of the construction process but seek low-carbon alternatives where possible to help with the decarbonization of your project.
So, consider a wooden instead of a steel structure to reach your building’s GMG emissions reduction goals. Or maybe opt for wooden siding instead of vinyl.
Reuse Materials
During the construction or renovation process, don’t immediately scrap all the old materials. Many of those materials, such as metal, bricks, concrete, and wood, are reusable. And each item you reuse directly reduces your project’s emission factors. Plus, it’s a more cost-effective way to build.
Focus on Recycled Materials
Recycled materials can help greatly lower the GHG emissions in your building or renovation project. For example, new steel can have five times the carbon footprint of recycled steel. On top of lowering your carbon footprint, recycled materials are often less expensive than new materials.
Minimize Finished Materials
Finishings like vinyl flooring or carpeting add to the carbon footprint of your project. Instead of going with these finishings, choose materials that don’t need finishings, such as polished concrete for the floors.
GHG Emissions Reduction Audit Checklist for Building Owners After Construction
After construction, you are still responsible for keeping the ongoing building emissions as low as possible, whether through improved energy efficiency, reduced waste, or improved sustainability. Let’s review some action plans building owners can take to ensure they improve their energy conservation and the building’s ongoing GMG emissions remain low.
Update Heating and Cooling
Heating, ventilation, and air conditioning (HVAC) make up 40% to 60% of all building carbon emissions, so this area is ripe for cutting. First, ensure you have an efficient system installed, such as some of the newer passive heating and cooling setups.
It’s also a good idea to have a programmable system. You can program it to a warmer setting during off-hours and a comfortable setting during occupancy hours.
Also, most buildings have outdoor air ventilation to keep the inside fresh, but the issue is this system runs constantly and always needs to be heated or cooled. You can counter this by installing air-quality sensors that detect when ventilation is necessary and activate this system only when needed.
This will help reduce your energy consumption, lower overall energy costs, and shrink your building’s footprint.
Perform Lighting Upgrades
Up to 40% of a commercial building’s energy consumption goes toward lighting, making this another prime target for reducing building emissions and adding in some cost savings.
Some ways to immediately lower the carbon footprint of your lighting is to install smart lights that only turn on when an area is in use and to replace all inefficient incandescent lights with more eco-friendly LED lighting. You can also add some daylighting to certain areas of the building, taking advantage of the greenest of all lights — the sun.
Install Renewable Energy
Offset some or all of your buildings’ energy use by installing renewable energy, such as solar panels. These energy efficiency measures may have significant upfront expenses, but federal and local government incentives and overall electricity savings can help make up for this cost.
By installing green appliances, you can lower energy consumption and increase energy savings. For example, you can replace old and inefficient boilers and water heaters with more efficient solar water heaters to lower electricity or natural gas usage when generating hot water. You can even swap old hard-wired ventilation fans with solar-powered ones to improve energy performance.
Reduce Water Waste
Sustainable water use can also go a long way in reducing your environmental impact and cutting operational costs. Some ways to help lower water use and waste include retrofitting low-flow water fixtures, reclaiming water systems for non-potable water recycling, and collecting rainwater for use in on-site irrigation and decorative water features.
How Do You Conduct a GHG Inventory?
First, what is a greenhouse gas (GHG) inventory? According to the U.S. Environmental Protection Agency (EPA), it is “a list of emission sources and the associated emissions quantified using standardized methods.”
The EPA outlines the GHG inventory development process in four steps: scope and plan, collect and quantify data, create a GHG inventory management plan, and set targets, track, and report. Let’s review these four steps in more detail.
Step 1: Scope and Plan
To conduct a GHG inventory, you start by reviewing the organization’s GHG accounting methods and how it reports on these emissions. The organization and its stakeholders must then determine the organization’s emissions boundaries, select a base year to start from, and consider bringing in a third party to verify the improvements.
Step 2: Collect and Quantify Data
In the second step, you’ll identify all the GHG data required and the preferred data-collection methods. Then, you’ll develop procedures, tools, and guidance that adhere to these requirements. After that, gather and review all the facility data, such as electricity and natural gas consumption from the baseline year you chose, and use estimation to fill in any data gaps. From there, you can calculate your emissions.
Step 3: Create a GHG Inventory Management Plan
Next, you‘ll create formal data collection procedures and document processes in the inventory management plan. This will include all institutional, managerial, and technical arrangements made for data collection, inventory preparation, and implementation of steps to manage inventory quality.
This management system ensures a systematic process is in place to help prevent and correct errors and identify where investments net the greatest improvements in inventory quality. However, this system’s main focus is to ensure the credibility of the organization’s GHG inventory data using five key GHG accounting principles, which we’ll cover later.
Overall, your inventory management plan will have seven key steps:
- Create an inventory quality team.
- Create a quality management plan.
- Perform generic quality tests.
- Perform source-specific quality tests.
- Review final inventory estimates and reports.
- Institutionalize formal feedback loops.
- Report, document, and archive data.
Step 4: Set Targets, Track, and Report
With the process in place, it’s now time to set your building-emissions-reduction targets relative to the base year you selected and, if you like, bring in a third party to verify your targets are attainable and helpful. You’ll then report all data as needed, publish a public GHG target report, and track your progress toward effective energy management and emissions reductions.
What Is the Standard for GHG Accounting?
Greenhouse gas emissions accounting and reporting must be based on five key principles. The principles are as follows:
- Relevance: The GHG inventory must appropriately reflect the company’s GHG emissions and serve internal and external users’ decision-making needs.
- Completeness: The organization must account for and report all sources of GHG emissions and activities within the chosen boundaries. It must also disclose and justify any GHG emissions it excluded.
- Consistency: An organization’s methodologies must remain consistent to allow accurate and meaningful GHG emission comparisons.
- Transparency: Address all relevant issues factually and coherently using a clear audit trail. If relevant assumptions are used, the organization must disclose them and make appropriate references.
- Accuracy: Ensure the GHG emissions quantification is neither over nor under the actual emissions and that uncertainties are reduced as much as possible. The organization must also ensure sufficient accuracy so users can decide based on the reported information’s integrity.
How Do You Measure GHG Emissions in a Building?
Emissions from a building can come in all three scopes: scope one, scope two, and scope three. When calculating GHG emissions from a building, you must consider all three scopes, which can make it tricky.
Scope one emissions are relatively simple to track, as these are direct GHG emissions, such as burning fossil fuels. To calculate GHG emissions in this scope, review resource consumption on utility bills, and use a calculator to determine the GHG emissions that amount of consumption made.
Scope two emissions are indirect GHG emissions that stem from the building’s energy usage from the electrical grid. So, if your company’s electricity comes from a coal-fired plant, this would include your building’s share of that plant’s emissions based on your energy consumption.
You can estimate your scope two emissions using a GHG emissions calculator and the building information, such as square feet. Keep in mind, getting a precise number is generally not possible because many power grids include multiple energy sources, including coal, natural gas, nuclear, and solar.
Finally, scope three emissions include GHG emissions from all other sources, including the supply chain and other business operations that are not within the organization’s control. In terms of a building, this can include all embodied carbon too.
Scope three emissions are difficult to track and are generally not in the organization’s control, for this reason, organizations normally aren’t required to report on them. However, monitoring, understanding, and reducing scope three emissions can help you create a green building.
Help Fight Global Warming by Auditing and Reducing Your Building’s GHG Emissions
Global warming and climate change are critical, and it’s time for everyone to chip in and do their part. This includes building owners reducing their buildings’ carbon footprints. Fortunately, GHG emissions reduction audit checklists for building owners can help in this process by giving you firm steps to follow and the data you need to successfully reduce your structural carbon footprint.
If you’re not yet ready to take on the task of reducing building emissions or already have and want to further decrease your corporate carbon footprint, we have options for you at Terrapass. Check out our voluntary carbon credits, and see how they can help offset any remaining corporate emissions, helping you attain or get closer to being a net-zero carbon emitter.
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The United States’ push to lead in green hydrogen, once a centerpiece of its clean energy strategy, is slowing down. Recent policy changes by the Trump administration cut funding for hydrogen hubs. They also reduced tax credits for large-scale projects. Analysts say this slowdown could open the door for China to dominate the emerging market for low-carbon hydrogen technology.
The cuts mark a major shift from the previous administration’s investment-heavy approach. Under the Biden-era Inflation Reduction Act (IRA), the U.S. planned to spend billions to make hydrogen from renewable electricity. The goal was to decarbonize industries such as steel, cement, and chemicals, which are hard to electrify.
Now, with federal incentives being reduced or delayed, several projects are being reassessed. Developers worry that without consistent support, production costs will remain too high to compete globally.
Funding Cuts Stall the Hydrogen Hub Dream
In mid-2025, the U.S. Department of Energy began reviewing funding for several regional hydrogen hubs. These hubs were meant to create networks linking producers, users, and transport systems. Seven hubs were approved in 2023, backed by more than $7 billion in federal funding, but four are now facing cuts or slowdowns.
Industry groups warn that this could affect projects worth tens of billions of dollars. “Policy certainty is crucial for investors,” said one energy analyst cited in the Bloomberg report. “Every delay or rollback increases the cost of capital and slows deployment.”
The U.S. also faces uncertainty about the Section 45V hydrogen tax credit. This credit offers up to $3 per kilogram for hydrogen produced with near-zero emissions. The credit helped close the gap between costly green hydrogen and cheaper fossil-based hydrogen. Without it, the cost of producing green hydrogen in the U.S. could rise from $3 to $5 per kilogram to over $7, according to BloombergNEF estimates.
China Powers Ahead in the Hydrogen Race
While U.S. funding stalls, China is moving fast. The country already leads the world in electrolyzer manufacturing — the core technology used to make hydrogen from water. In 2024, Chinese companies supplied more than 65% of global electrolyzer capacity, up from just 40% in 2022.
China’s domestic market is also growing. The government has set a goal to produce 200,000 tonnes of green hydrogen per year by 2025 and up to 5 million tonnes by 2030. To support this, provinces such as Inner Mongolia and Hebei have started big solar-powered hydrogen plants.
China’s advantage lies in scale and cost. Electrolyser units made in China cost $600–$1,200 per kilowatt, far lower than the $2,000–$2,600 range typical in the U.S. and Europe. If current trends continue, the price difference might make Chinese-made equipment the top choice for global projects.
Rising Costs and Shrinking Margins
Hydrogen production costs remain the biggest obstacle to global growth. The International Energy Agency (IEA) estimates that low-carbon hydrogen made with renewables costs two to four times more than conventional hydrogen from natural gas.
Producing one kilogram of green hydrogen costs between $4 and $12. This varies based on electricity prices and how efficient the electrolyzer is. Grey hydrogen, made from natural gas, costs $1–3 per kilogram. Analysts say costs must fall below $2 per kilogram to compete in most industries.
Scaling up manufacturing and securing cheap renewable power are key. The IEA projects that with large-scale deployment, electrolyzer costs could fall by 60% by 2030. But this requires steady investment and policy support — something the U.S. may now struggle to sustain.
According to BloombergNEF, global investment in hydrogen production and infrastructure reached $24 billion in 2024, up 50% from 2023. China accounted for nearly half of that total, while U.S. spending slowed after federal policy reviews.
Companies Pivot Amid Uncertainty
Despite the funding cuts, some U.S. companies are pressing ahead. Plug Power, a leading hydrogen firm, recently secured a $1.7 billion loan guarantee to expand production. The company plans to build several U.S. facilities that will supply green hydrogen to logistics and industrial customers.
Meanwhile, developers are adjusting strategies to reduce costs. Some plan to co-locate hydrogen plants near wind or solar farms to secure cheap power. Others are exploring blending hydrogen with natural gas in pipelines to reduce emissions without full conversion.
Industry leaders also call for cooperation with allies. The European Union, for example, continues to fund green hydrogen projects through its Hydrogen Bank initiative. They argue that closer cooperation across the Atlantic could help Western producers compete with China’s growing supply chain.
The Global Hydrogen Race
The race for leadership in green hydrogen is as much about geopolitics as it is about technology. Countries view hydrogen as a way to cut oil imports, boost industry, and ensure energy independence.
In 2024, global hydrogen demand reached about 97 million tonnes, according to the IEA. Only a small share — less than 1% — came from low-carbon production. To meet the world’s climate targets, that share must grow to at least 20% by 2030.
BloombergNEF expects the global hydrogen market to surpass $500 billion each year by 2050. This includes production, storage, and transport. But success depends on which countries can bring down costs first and scale up faster.
If the U.S. loses momentum now, analysts warn, it may have to rely on imported technology later — particularly from China. The following table compares the costs, market share, and 2030 planned output between the two nations.
Can America Catch Up?
Green hydrogen is central to decarbonizing heavy industry and transport. It also supports renewable integration by storing excess power from wind and solar. Without continued investment, the U.S. risks missing key climate targets.
According to the Department of Energy’s earlier projections, hydrogen could cut up to 10% of U.S. greenhouse gas emissions by 2050 if widely adopted. That potential could shrink if projects slow or shift overseas.
At the same time, China’s expansion means more global supply, which could help reduce costs worldwide. Some analysts see this as an opportunity for global cooperation — if the U.S. can focus on innovation, efficiency, and regulation rather than pure scale.
The chart from Bloomberg below shows the potential changes under Trump’s current policy moves.
Experts say the U.S. can still recover its position with the right mix of policy and private investment. Restoring tax credits, simplifying permits, and investing in electrolyzer manufacturing can help create a fairer market.
For now, China appears to have the upper hand. Its rapid manufacturing growth and strong state support have created momentum that the U.S. may struggle to match. However, as clean energy technologies mature, global demand will likely outstrip any single country’s supply.
The coming years will decide whether the U.S. remains a key player or becomes a buyer in the green hydrogen market it once hoped to lead.
- FURTHER READING: Element Resources to Build America’s Largest $1.85B Green Hydrogen Plant in California
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Fentanyl is devastating American communities at a record pace, with more than 220 deaths every day. Synthetic opioids accounted for over 70,000 U.S. fatalities in 2023, and their impact now extends beyond public health into national security.
At the same time, artificial intelligence (AI) is advancing in ways that could allow adversaries to design new synthetic drugs or bioweapons faster than regulators and security agencies can respond. Coupled with the political weight fentanyl carries in Washington, the U.S. faces a multidimensional challenge.
ARMR Sciences underscores why prevention, innovation, and leadership can align to shield America from this emerging and evolving threat.
Escalating National Security Concerns
Fentanyl’s extraordinary potency – up to 50 times stronger than heroin – makes even trace exposure lethal. Its supply chains cross borders, complicating law enforcement and fueling instability at home.
ARMR Sciences emphasizes that enforcement alone cannot resolve the crisis. Without proactive prevention strategies, the nation risks a deepening cycle of addiction, death, and weakened resilience.
Technology at the Crossroads
AI has the potential to transform healthcare and logistics, but also carries risks of misuse. Researchers showed that advanced AI models could generate tens of thousands of psychoactive compound blueprints in just hours – a dangerous acceleration of synthetic chemistry.
National security leaders, including AI pioneers, warn that adversaries could exploit these tools. ARMR Sciences argues for robust biodefense strategies that include strict controls on sensitive algorithms, enhanced detection systems, and proactive investment in prevention technologies.
Political Pressure and Policy Response
The fentanyl crisis has become a defining issue in U.S. politics, shaping debates on border security, healthcare, and law enforcement funding. Deaths have risen by more than 20% annually since 2019, amplifying public and political demands for action.
ARMR Sciences emphasizes that bipartisan cooperation and evidence-based policymaking are essential to prevent partisan gridlock. Recognizing fentanyl as both a health and security issue can unite leaders behind more effective prevention measures.
ARMR Sciences – A Prevention-Focused Framework
Across each dimension – fentanyl’s deadly toll, AI’s potential misuse, and the political battle for solutions – ARMR Sciences underscores a common theme: prevention is the most effective defense. This means deploying early warning systems, advancing detection capabilities, integrating data-driven tools, and strengthening community resilience before crises escalate.
It also means ensuring that AI innovation develops with responsible guardrails, while national security agencies adapt to evolving synthetic threats. Prevention is not passive; it requires deliberate action, investment, and leadership.
So, Why Should Investors Pay Attention to ARMR’s Solution?
For investors, ARMR represents an opportunity to back a company working to address the convergence of fentanyl’s deadly impact, AI’s potential misuse, and the urgent need for prevention.
Its platform is built on years of defense-backed research and is advancing innovative biotechnology programs:
- Seven years of DoD-supported science established the foundation of ARMR’s platform
- Lead candidate ARMR-100 blocked 92% of fentanyl from entering the brain in preclinical (animal) studies
- A $30M private raise is currently underway
- Plans for a targeted exchange listing in 2026 are in place, subject to market conditions
By investing in this round, investors have a chance to support ARMR as it works to build a potentially category-defining role in AI-powered biodefense.
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Solar energy has officially claimed the title of the world’s most affordable source of electricity. According to new research from the University of Surrey’s Advanced Technology Institute (ATI), solar power now costs as little as £0.02 per kilowatt-hour in the sunniest regions.
The study, published in Energy and Environmental Materials, highlights how solar photovoltaic (PV) technology has transformed from a niche innovation into the backbone of the global clean energy revolution.
As countries race to cut carbon emissions and combat climate change, the rapidly falling cost of solar power is unlocking access to clean energy on an unprecedented scale.
Solar Becomes the Cornerstone of a Low-Carbon Future
Professor Ravi Silva, co-author of the study and Director of the ATI, emphasized that even in less sunny nations like the UK, solar power has become the most cost-effective option for large-scale generation.
He precisely noted,
“Even here in the UK, a country that sits 50 degrees north of the equator, solar is the cheapest option for large-scale energy generation. Globally, the total amount of solar power installed passed 1.5 terawatts in 2024 – twice as much as in 2020 and enough to power hundreds of millions of homes. Simply put, this technology is no longer a moonshot prospect but a foundational part of the resilient, low-carbon energy future that we all want to bring to reality.”
This milestone shows that solar energy is no longer experimental. It’s a proven cornerstone of the low-carbon future the world is building toward.
Alongside solar, the cost of lithium-ion batteries—key to storing renewable power—has dropped by a staggering 89% since 2010. This sharp decline has made solar-plus-storage systems a competitive alternative to conventional gas-fired power plants.
Global Solar Costs Fall Over 80% in a Decade
According to the International Renewable Energy Agency (IRENA), the global weighted-average levelized cost of electricity (LCOE) for utility-scale solar PV dropped by over 80% between 2010 and 2023. In sun-rich regions, it now costs as little as $0.03 per kilowatt-hour—making it the cheapest source of new electricity generation worldwide.
This steep decline stems from a mix of technological, economic, and policy factors. Breakthroughs in solar cell efficiency, bifacial modules, and tracking systems have dramatically boosted energy output.
Also, competitive auctions and long-term power purchase agreements (PPAs) have made solar development more transparent and efficient. Industry experience has also cut costs for installation and maintenance.
Today, solar PV is cheaper than coal, gas, and even wind in many markets, shifting the question from “Why choose renewables?” to “How fast can we deploy them?”
Levelized Cost of Energy Comparison—New Build Renewable Generation
China’s Role in Falling Clean Energy Costs
Meanwhile, bigger economies, especially from large-scale manufacturing in China, have lowered hardware and installation costs.
Bloomberg also expects the cost of clean energy technologies, i.e., solar, wind, and battery storage, to drop further in 2025. It could be falling 2–11% and breaking last year’s records. In almost every part of the world, new solar and wind farms are now cheaper to build and operate than new coal or gas plants
Significantly, China’s overcapacity in clean tech has led some countries to impose import tariffs, temporarily slowing cost declines. Still, BNEF expects levelized costs for clean energy to fall 22–49% by 2035, keeping renewables on track for long-term growth.
- Battery storage costs dropped a third in 2024 to $104/MWh, driven by oversupply from slower EV sales, with prices expected to cross $100/MWh in 2025.
- Fixed-axis solar farms fell 21% globally, while wind and solar generation costs are projected to decline another 4% and 2%. It ensures clean energy remains cheaper than fossil fuels.
- ALSO READ: Renewable Energy Investment Reaches Record High as China Operates World’s Biggest Solar Farm
Storage Revolution: Solar Power Around the Clock
The global energy storage boom has turned solar from an intermittent resource into a 24-hour power solution. It’s because of the massive cost reductions in batteries, solar-plus-storage systems can now compete head-to-head with gas-fired plants.
However, challenges remain in connecting large volumes of solar power to existing grids. Regions like California and China have already experienced energy curtailment due to grid congestion when solar output exceeds demand.
Dr. Ehsan Rezaee, co-author of the University of Surrey study, noted that “smart grids, artificial intelligence forecasting, and stronger regional interconnections will be essential to maintain power system stability as renewable adoption grows.”
Global Policy Boosts vs. U.S. Uncertainty
Supportive policy frameworks are key to sustaining solar’s momentum. In Europe, the Green Deal and RePowerEU initiatives have simplified permitting and set aggressive renewable targets.
India’s Production Linked Incentive (PLI) scheme, meanwhile, is strengthening local solar manufacturing to reduce dependence on imports. These measures are not only cutting carbon emissions but also advancing energy security, job creation, and economic growth.
International partnerships, such as the International Solar Alliance (ISA), continue to drive collaboration, knowledge exchange, and capacity building, particularly in developing nations that stand to benefit most from affordable solar energy.
OBBBA: Dimming the Sunshine
However, the story is slightly different in the U.S. In July 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA), which speeds up the phase-out or early termination of most renewable energy tax credits and clean energy incentives established under the IRA.
As a result, U.S. clean energy incentives are being rapidly scaled back, with many tax credits set to expire or face new restrictions and deadlines, creating significant uncertainty for investors and project developers.
Breakthrough Technologies Drive the Next Wave
Solar technology innovation is accelerating at record speed. Researchers at the University of Sydney recently achieved a world-first breakthrough with a 16 cm² triple-junction perovskite solar cell delivering 23.3% efficiency for large-area devices. A smaller version reached 27.06% efficiency—the highest globally—and retained 95% performance after 400 hours of continuous operation.
Perovskite solar cells could revolutionize the market by boosting energy output by up to 50% without expanding land use. They can be made as thin, flexible films at lower temperatures than traditional silicon panels, cutting production costs significantly. Over the past decade, perovskite efficiency has soared from 3% to over 25%, with tandem cells poised to exceed 30%. These innovations will further drive down solar costs and expand applications across rooftops, vehicles, and portable systems.
Solar Dominates Future Renewable Growth
The International Energy Agency (IEA) forecasts that global renewable capacity will double by 2030—adding 4,600 gigawatts (GW), equivalent to the combined power generation capacity of China, the EU, and Japan.
- Solar PV will account for nearly 80% of this growth, followed by wind, hydropower, and bioenergy.
According to DNV’s latest Energy Transition Outlook, global solar capacity is expected to surpass 3,000 GW by the end of 2025, with China holding 47% and Europe 20%. It further highlights:
- Solar already generates about 10% of the world’s electricity and is projected to reach 20% by 2029 and 40% by 2045.
- Behind-the-meter (BTM) solar used by households and businesses is also on the rise and is expected to make up 30% of total solar generation by 2060.
- Wind power is projected to nearly double to over 2,000 GW by 2030, but solar remains the lowest-cost option in most markets.
India is emerging as the second-fastest renewables market after China, advancing its 2030 targets. Expanded auctions and rapid rooftop solar growth contribute to the solar boom.
However, the world still falls short of the COP28 goal to triple renewable capacity by 2030, achieving about a 2.6-fold increase from 2022 levels. Closing this gap will require continued investment, innovation, and political will.
Building a Resilient Solar Future
As solar continues to dominate the global energy landscape, integration challenges must not be ignored. Expanding transmission networks, deploying digital grid management tools, and investing in advanced materials will be crucial.
Professor Silva emphasizes that sustained policy backing and continued innovation will determine how quickly the world transitions to a clean, resilient energy future.
The Renewable Energy Institute applauds solar’s rise as the cheapest source of electricity and continues to provide accredited training to build the skills needed to sustain this momentum.
Thus, from record-low costs to record-breaking efficiency, solar energy is reshaping the global energy system faster than anyone imagined. Its combination of affordability, scalability, and innovation is driving the clean energy transition forward.
The question now isn’t if solar will dominate, but how quickly the world can harness its full potential.
The post Solar Now the World’s Cheapest Energy, Powering the Clean Transition appeared first on Carbon Credits.
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