Global climate policies are undergoing a historic transformation as nations prioritize renewable energy adoption. With 2024 marking a pivotal year, legislators are fast-tracking initiatives to curb emissions through wind, solar, and green hydrogen investments.
Analysts highlight three critical factors driving this shift:
- Escalating climate-related disasters
- Corporate pressure for carbon-neutral supply chains
- Innovations in energy storage technology
This isn’t just policy—it’s economic survival, states UN Energy Director Clara Mertens in a
recent summit address. Renewable projects now account for 68% of global energy investments, up from 45% in 2020.
While critics warn of rising implementation costs, proponents emphasize long-term GDP growth through green job creation. Major economies aim to halve fossil fuel dependencies by 2035, with subsidies for solar panel installations doubling in key markets.
