The ozone layer is already depleting, renewable energy is earths only hope

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Renewable energy Journal

Based on last report

Based on REN21's 2017 report, renewables contributed 19.3% to humans' global energy consumption and 24.5% to their generation of electricity in 2015 and 2016, respectively. This energy consumption is divided as 8.9% coming from traditional biomass, 4.2% as heat energy (modern biomass, geothermal and solar heat), 3.9% from hydroelectricity and the remaining 2.2% is electricity from wind, solar, geothermal, and other forms of biomass. Worldwide investments in renewable technologies amounted to more than US$286 billion in 2015.

In 2017, worldwide investments in renewable energy amounted to US$279.8 billion with China accounting for US$126.6 billion or 45% of the global investments, the United States for US$40.5 billion and Europe for US$40.9 billion. Globally there are an estimated 7.7 million jobs associated with the renewable energy industries, with solar photovoltaics being the largest renewable employer. Renewable energy systems are rapidly becoming more efficient and cheaper and their share of total energy consumption is increasing. As of 2019, more than two-thirds of worldwide newly installed electricity capacity was renewable. Growth in consumption of coal and oil could end by 2020 due to increased uptake of renewables and natural gas.

At the national level, at least 30 nations around the world already have renewable energy contributing more than 20 percent of energy supply. National renewable energy markets are projected to continue to grow strongly in the coming decade and beyond.

Renewable energy Journal

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The future investment

The massive dammage petroleum brings to the planet has triggerd a great shift in attention from what used to be relied on by many to renewable energy, which is more clean and harmles than the former. However, billlions of dollars have been invested in renewable energy as it has proven to be the investment for the future.  

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