Renewable Energy: An Infinite Resource
Renewable energy is derived from natural, replenishable sources such as sunlight and wind, offering a sustainable alternative to fossil fuels. Unlike coal, oil, and gas, which take millions of years to form and release harmful greenhouse gases when burned, renewable energy sources are abundant and constantly renewed by nature.
The Cost of Clean Energy
Not only does generating renewable energy result in significantly lower emissions, but it’s also now more affordable than ever. In most countries, renewables are less expensive and create three times more jobs compared to their fossil fuel counterparts, marking a pivotal moment in the energy sector.
Solar Energy: Harnessing the Sun’s Power
Solar energy stands as the most abundant resource, capable of being harnessed even on cloudy days. With the Earth receiving about 10,000 times more solar energy than humans consume, solar technologies have seen rapid advancements, including photovoltaic panels and concentrated solar power systems. Despite the varying solar energy endowment among countries, solar power remains a significant contributor to the global energy mix.
Wind Energy: Capturing the Breeze
Wind energy utilizes the kinetic force of air movement through advanced turbines on land or water. With the technical potential for wind energy surpassing global electricity needs, regions around the world are tapping into this resource, especially in remote areas where wind speeds are strongest.
Geothermal Energy: Earth’s Inner Heat
Geothermal energy, sourced from the Earth’s interior heat, is extracted through wells or other methods. Whether from naturally hot and permeable hydrothermal reservoirs or enhanced geothermal systems, this technology has been reliably generating electricity for over a century.
Hydropower: The Flow of Renewable Strength
As the current leading source of renewable energy in the electricity sector, hydropower is generated from the movement of water in reservoirs and rivers. Despite its extensive use and benefits such as water supply and flood control, the impact on ecosystems prompts a push towards smaller-scale hydro solutions, particularly for isolated communities.
Ocean Energy: Riding the Waves of Innovation
Ocean energy technologies, which exploit the kinetic and thermal properties of seawater, are in the nascent stages of development. The potential of ocean energy far exceeds our current energy needs, with various wave and tidal devices undergoing testing.
Bioenergy: Organic Power with a Caution
Bioenergy comes from organic materials like wood and agricultural crops. While primarily used in rural areas for basic needs, modern biomass systems are expanding. Although bioenergy emits fewer greenhouse gases than fossil fuels, its environmental impact must be carefully managed to prevent negative consequences such as deforestation and land-use change.
Stepping Towards a Carbon-Free Future
The transition to renewable energy is not just an environmental imperative but an economic one. With the technology advancing and costs declining, the shift to clean energy sources is our best hope for a sustainable and prosperous future. As global organizations and initiatives continue to advocate for this energy transformation, the path to a carbon-free future becomes clearer.
Renewable Energy
ACORE Statement on Treasury’s Safe Harbor Guidance
ACORE Statement on Treasury’s Safe Harbor Guidance
Statement from American Council on Renewable Energy (ACORE) President and CEO Ray Long on Treasury’s Safe Harbor Guidance:
“The American Council on Renewable Energy (ACORE) is deeply concerned that today’s Treasury guidance on the long-standing ‘beginning of construction’ safe harbor significantly undermines its proven effectiveness, is inconsistent with the law, and creates unnecessary uncertainty for renewable energy development in the United States.
“For over a decade, the safe harbor provisions have served as clear, accountable rules of the road – helping to reduce compliance burdens, foster private investment, and ensure taxpayer protections. These guardrails have been integral to delivering affordable, reliable American clean energy while maintaining transparency and adherence to the rule of law. This was recognized in the One Big Beautiful Act, which codified the safe harbor rules, now changed by this action.
“We need to build more power generation now, and that includes renewable energy. The U.S. will need roughly 118 gigawatts (the equivalent of 12 New York Cities) of new power generation in the next four years to prevent price spikes and potential shortages. Only a limited set of technologies – solar, wind, batteries, and some natural gas – can be built at that scale in that timeframe.”
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ABOUT ACORE
For over 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s leading voice on the issues most essential to clean energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a clean energy economy. For more information, please visit http://www.acore.org.
Media Contacts:
Stephanie Genco
Senior Vice President, Communications
American Council on Renewable Energy
genco@acore.org
The post ACORE Statement on Treasury’s Safe Harbor Guidance appeared first on ACORE.
https://acore.org/news/acore-statement-on-treasurys-safe-harbor-guidance/
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