Trump Admin's Fossil Fuel Focus Slows Global Renewable Energy Growth
The Trump administration's influence on the U.S. Department of Energy's fossil fuel policy has led to a slowdown in global renewable energy growth. This shift, coupled with supply chain dependencies, grid integration issues, and financing problems, is hindering the expansion of renewable energy capacities worldwide.
Despite these challenges, solar energy remains the driving force behind global renewable growth, accounting for nearly 80 percent. Its low costs, faster approval procedures, and broad social acceptance have fueled this expansion. The International Energy Agency (IEA) predicts global renewable energy capacity to double by 2030.
However, the new U.S. energy and climate policy is negatively impacting this growth. The target set at the 2023 World Climate Conference to triple renewable energy capacity by 2030 is now unlikely to be achieved, with an increase of only 2.6 times expected. The change in U.S. policy has also halved the growth forecast for the country's renewable energy capacity.
Wind energy, though facing supply chain struggles, rising costs, and approval delays, is expected to almost double by 2030. The growing share of wind and solar energy is transforming electricity markets, presenting new integration challenges. To address these, more flexible power supply systems and grid investments are crucial.
The Trump administration's influence on U.S. energy policy has slowed global renewable energy growth. Despite challenges, solar energy remains the primary driver, and wind energy is expected to grow significantly. To meet 2030 targets, flexible power systems and grid investments are essential. The global renewable energy capacity increase is now predicted to be 2.6 times, not triple, due to these policy shifts and integration challenges.
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