Financial News
The US Paradoxically Leading, Trailing in Green-Energy Shift Race
The United States is leading the charge in the global transition to renewables such as solar and wind, but the country is still struggling to rein in its massive carbon-dioxide emissions. With green-energy costs falling significantly during the past decade, America’s share of photovoltaic solar electricity has increased from 1% to 6% from 2015 to date, putting it second behind China in solar generation. Wind-energy generation in the U.S. has also seen similar growth, increasing from 5% in 2015 to 10% in 2023.
This adds up to 16% of America’s energy coming from renewables, a massive feat considering the U.S. drew just 0.2% of its electricity from renewables two decades ago. Although China is far ahead of the U.S. in deploying renewables, the country’s progress in the green-energy space is nothing to be scoffed at…
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