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Renewable energy projects sometimes raise significant sustainability concerns, such as risks to biodiversity when areas of high ecological value are converted to bioenergy production or wind or solar farms. [50] [51] Hydropower is the largest source of renewable electricity while solar and wind energy are growing rapidly.
Notably, from 2017 to 2022, investment in these alternative renewable technologies declined by 45%, falling from USD 35 billion to USD 17 billion. [ 62 ] In 2023, the renewable energy sector experienced a significant surge in investments, particularly in solar and wind technologies, totaling approximately USD 200 billion—a 75% increase from ...
Renewable energy can be particularly suitable for developing countries. In rural and remote areas, transmission and distribution of energy generated from fossil fuels can be difficult and expensive. Producing renewable energy locally can offer a viable alternative. [9] Renewable energy doesn't always have to come from a developing country.
Alternative fuels, also known as non-conventional and advanced fuels, [1] are fuels derived from sources other than petroleum. [2] Alternative fuels include gaseous fossil fuels like propane, natural gas, methane, and ammonia; biofuels like biodiesel, bioalcohol, and refuse-derived fuel; and other renewable fuels like hydrogen and electricity. [3]
If renewable energy is to be developed to its full potential, America will need coordinated, sustained federal and state policies that expand renewable energy markets; promote and deploy new technology; and provide appropriate opportunities to encourage renewable energy use in all critical energy market sectors: wholesale and distributed ...
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