Here are the big hurdles to the global push to build up renewable energy
1 year ago

Here are the big hurdles to the global push to build up renewable energy

Associated Press  

The world’s governments have agreed they want to triple renewable energy by 2030, a goal laid out at the U.N. climate summit in December. Here are the big hurdles to solar, wind and other renewable energy projects: COSTLY CREDIT Central banks in Europe and the U.S. have raised interest rates to combat inflation. INFLATION Everything costs more these days — not just food and rent, but the electric cables, power turbines, construction materials and services needed to build wind or solar installations. SNARLED SUPPLY CHAINS Order backlogs and supply delays are growing because there are shortages of skilled engineers, raw materials and a lack of manufacturing capacity for complex machinery needed for renewable energy projects. Installations have lagged in Bavaria and other regions despite the German government’s push for more renewable energy after losing affordable Russian natural gas used to heat homes, generate electricity and power factories.

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