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Renewable energy is growing in popularity across the globe, and with good reason—the benefits of renewable energy sources are widespread. Finding alternative energy sources that don’t require the use of fossil fuels can , , and . Furthermore, climate change is proving to be a very expensive ordeal—and renewable energy has a significantly smaller impact on climate change compared to the burning of fossil fuels. Clearly, investing in renewable energy has economic benefits. Let’s look at how three regions around the world are faring in their journey to use more alternative energy sources.
First, within Asia, China is making huge gains in the world of renewable energy. According to Forbes, China is now the . This will be extremely positive looking towards the future, as this developing country can turn towards their renewable energy investments instead of fossil fuels.
Next, in the Middle East, the United Arab Emirates has and Saudi Arabia . This alternative energy will be beneficial in helping these countries to avoid the as the world turns away from fossil fuels.
Finally, in Latin America, the renewable energy market is growing as well, with Furthermore, in specific countries such as Argentina, Brazil, Mexico, Chile, and Peru, recent auctions have resulted in .
Countries around the world are pursuing renewable energy. This switch has an inevitable impact on their economies as jobs and infrastructure change, and new business endeavors emerge. Luckily, these changes are promising. Renewable energy has room for established energy companies to adapt and for a multitude of new businesses, so when countries invest in renewable energy, they will aid as well as the environment.
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