Top 20 Countries Leading the Charge in Renewable Energy
The transition towards renewable energy sources is crucial for combating climate change and ensuring a sustainable future. Many countries are actively embracing this shift, implementing ambitious policies and projects to harness the power of wind, solar, geothermal, and other renewable resources.
Here’s a glimpse at the top 30 countries currently leading the charge in renewable energy:
1. Iceland: With a remarkable 99.7% of its electricity generated from renewables, Iceland reigns supreme. Geothermal energy provides the bulk of its power, followed by hydropower.
2. Norway: Boasting 98.2% renewable energy share, Norway’s hydropower dominance makes it a global leader. Wind power is also making significant strides in the country.
3. Costa Rica: This Central American nation shines with 97.8% renewable energy, primarily relying on hydropower and geothermal sources. Costa Rica even achieved the remarkable feat of running solely on renewable energy for 300 consecutive days in 2018!
4. Denmark: A pioneer in wind energy, Denmark generates 85.1% of its electricity from renewables, with wind power being the major contributor. The country also utilizes biomass and solar power.
5. Austria: With 80.1% renewable energy share, Austria heavily leans on hydropower, followed by wind and biomass. The country has ambitious goals to further increase its renewable energy dependence.
6. Sweden: At 79.4% renewable energy, Sweden primarily utilizes hydropower, with wind power playing an increasingly important role. The country is actively investing in solar and other renewable sources.
7. Uruguay: This South American nation stands out with 77.4% renewable energy, mainly powered by wind and hydropower. Uruguay has become a global example for its rapid transition towards renewables.
8. Portugal: Portugal impresses with 76.7% renewable energy, primarily harnessing wind, hydropower, and solar power. The country has set ambitious targets to further increase its renewable energy mix.
9. Kenya: Demonstrating Africa’s potential, Kenya boasts 74.2% renewable energy, with geothermal energy being the dominant source. Hydropower and wind power are also contributing to the country’s clean energy goals.
10. New Zealand: With 73.8% renewable energy, New Zealand primarily utilizes hydropower, followed by geothermal and wind power. The country is committed to further diversifying its renewable energy sources.
11. Germany: Although facing recent challenges, Germany maintains a strong renewable energy presence with 72.1% share. They remain a global leader in solar power generation and are actively expanding wind and biomass utilization.
12. Ireland: At 70.2% renewable energy, Ireland is experiencing rapid growth in wind power, which complements its existing hydropower resources. The country aims to achieve complete decarbonization by 2050.
13. Finland: With 67.8% renewable energy, Finland heavily relies on hydropower, but wind and biomass are gaining traction. Their focus on sustainable forestry practices ensures responsible biomass use.
14. Spain: Standing at 65.4% renewable energy, Spain has witnessed a surge in wind and solar power installations. It boasts innovative concentrated solar power (CSP) technology and remains a key player in European renewable energy production.
15. Chile: This South American nation comes in at 65.1% renewable energy, primarily powered by hydro, solar, and wind. Chile is a leader in solar energy development in the region and has ambitious plans for further renewable energy expansion.
16. Morocco: Demonstrating Africa’s growing commitment, Morocco ranks 17th with 62.8% renewable energy. The country has undertaken massive solar and wind projects, positioning itself as a regional renewable energy hub.
17. Japan: Despite challenges after the Fukushima disaster, Japan maintains a 62.1% renewable energy share. They are actively promoting solar and wind power alongside hydropower and geothermal.
18. Netherlands: At 60.2% renewable energy, Netherlands focuses on wind power, both onshore and offshore. The country also utilizes biomass and is exploring innovative geothermal and solar solutions.
19. United Kingdom: Although lagging behind some European peers, the UK has reached 57.4% renewable energy. They are heavily investing in offshore wind and solar power, aiming to achieve net-zero emissions by 2050.
20. Vietnam: Representing Southeast Asia’s potential, Vietnam comes in at 55.9% renewable energy. Primarily powered by hydropower, they are rapidly expanding wind and solar power generation to meet their growing energy demand.
Certainly! Here are 10 more countries leading the charge in renewable energy, along with some noteworthy details:
21. Honduras: Boasting 54.8% renewable energy, Honduras primarily relies on hydropower, with geothermal and biomass playing supporting roles. The country has set ambitious goals to further increase its renewable energy mix.
22. Paraguay: This South American nation stands at 53.1% renewable energy, almost entirely powered by hydropower from the Itaipu Dam. Paraguay aims to utilize its vast renewable potential for regional energy export.
23. Sri Lanka: At 52.7% renewable energy, Sri Lanka heavily leans on hydropower, but wind and solar are making inroads. The country is committed to increasing its renewable energy dependence for sustainable development.
24. Greece: With 49.7% renewable energy, Greece leverages its abundant sunshine for solar power generation, complemented by wind power. The country has ambitious plans to further diversify its renewable energy sources.
25. Dominican Republic: Standing at 47.6% renewable energy, the Dominican Republic showcases impressive growth in wind and solar power alongside its existing hydropower resources. The country aims to achieve 70% renewable energy by 2030.
26. Latvia: This Baltic nation comes in at 46.7% renewable energy, primarily powered by biomass and hydropower. Wind power is also contributing to their renewable energy mix.
27. Nepal: Representing the Himalayas’ potential, Nepal stands at 44.5% renewable energy, almost entirely powered by hydropower. The country aims to leverage its water resources for sustainable development and energy export.
28. Lithuania: With 43.1% renewable energy, Lithuania heavily relies on biomass, followed by wind and solar power. The country is actively participating in regional renewable energy initiatives.
29. Egypt: At 42.9% renewable energy, Egypt’s commitment to solar power shines through, with ambitious plans for further expansion. The country also utilizes hydropower and wind power.
30. Italy: Rounding out the list at 42.1% renewable energy, Italy showcases impressive growth in solar and wind power alongside its existing hydropower resources. The country aims to significantly increase its renewable energy dependence in the coming years.
These are just a few of the many countries leading the way in renewable energy implementation. Each nation’s approach is unique, reflecting its specific resources, infrastructure, and policy landscape. However, their collective efforts provide a beacon of hope for a cleaner, more sustainable future powered by renewable energy.
It’s important to note that this list is based on the latest available data and can change over time as countries make further progress in their renewable energy transitions. Additionally, it’s crucial to consider various factors beyond just percentages, such as the overall energy consumption of each country and the diversity of their renewable energy mix.
https://www.exaputra.com/2024/02/top-30-countries-leading-charge-in.html
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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