China Plans to Manufacture Fastest Charging EV Batteries
Europe Transforms Into Clean Energy in 2024 with Renewable Sources
By Shubhendra Anand , 05 February, 2024
With the beginning of 2024, the clean energy transition will take up more energy and speed to transform the energy sector into greener ways throughout the year. European countries are contributing towards green energy trends while moving into 2024.
The clean energy transition occurs in the renewable energy sector, where electricity and fossil fuels are the main attraction. The electrification of transportation to replace conventional vehicles and substituting solar and wind energies in place of fossil fuels are the essential goals of the clean energy transition in 2024. According to the surveys, renewable energy sectors are budding as an important industry offering technological advancements, solutions to adapt to new clean energy trends and others. Heavy investment in the renewable energy sector allows countries to develop various fields, such as transportation with increasing adoption of electric vehicles, growth of solar and wind energy, generation of green hydrogen, and others. The transition to clean energy is a pressing need to tackle environmental issues; therefore, achieving the carbon emissions target by the end of 2050 is vital.
Based on a survey, experts believe that green hydrogen usage in 2024 will lead to significant developments in the technological field. Electrolyzer technology will reduce the cost of green hydrogen production and aid the transition into sustainable energy. Solar and wind energy improvement will increase offshore energy production, replacing conventional energy sources; European countries are investing heavily. According to survey data, 56 percent of electricity will be produced from clean energy sources in 2023, while electricity production from coal will be reduced by 30 percent. Thus, Europe proves to be one of the most significant contributors to the clean energy transition for 2023, which is expected to move into 2-24. Germany is anticipated to catch up with momentum for the clean energy transition in 2024 as the electricity demand is supposed to grow along with the clean energy transition. Wind energy growth has been recorded to be up to 6.4 gigawatts, and solar energy growth will be up to 14 gigawatts in 2023, the main factor behind the increase in clean energy generation in Germany in 2024.Clean Energy Share in Germany's Electricity Generation in 2023
Latest News
China Plans to Manufacture Fastest Charging EV Batteries
China rightfully takes center stage in progress in ultra-fast charging EV batteries. As it appears, a Chinese electric vehicle manufacturer has emerged as a clear industry leader by developing the fastest charging battery in the world that can go…
Chinese Tech Sector Strengthens, may Dominate Western Big Techs in the Future
Chinese market goes through significant economic changes in 2024. Globally, Chinese brands are climbing the ladder higher in the market. A 2024 survey shows the performance of some Chinese companies with the highest brand value. These companies help…
Supply Chain Disruptions causes Slow Clean Energy Transition
There is a global race to clean energy sources because of climate change in 2024. However, there is a danger that the impending metal supply crisis will offset this gain. The move to renewable energy technologies greatly depends on critical minerals…
Ag-Tech to Shape India’s Shaking GDP Rates
Indian economy is facing new challenges at the end of the month of 2024. India's gross domestic product (GDP) expanded to 6.7 percent in the second quarter of 2024. From April to June 2024, the Indian market began to shrink continuously. It led to a…
Demand for Oil Slows Down but Not a Crash
Global oil demand reports show unbalanced statistics due to different analyses in two consecutive months of 2024. The International Energy Agency (IEA) states that global oil demand will decline by 2030. The report explains that fossil fuel demand…
