Attention energy investors! Renewable energy in the United States just broke a new record: 10% of the electricity generated in the United States came from wind and solar power.
In March of this year, wind power made up 8% and solar power made up 2% of all US electricity, according to the US Energy Information Administration (EIA). The EIA is still waiting for the figures to be finalized, but they predict that April will have surpassed the 10% benchmark as well.
Why is this significant? Because now it’s going to be a lot harder for the Trump administration to castigate renewable energy and its efficiency. Plus, the administration is going to have a tough time referring to wind and solar as an alternative energy source as it is constantly on the rise, with important breakthroughs being reached.
According to the EIA, wind and solar produced 8.6% of total US electricity in March of last year, but March 2017 produced 65% more solar power and 17% more wind than it did in 2016. Natural resources play a defining role in renewable energy which is why it is reasonable for these numbers to differ from month to month. Just keep in mind that renewable energy tends to be the highest in the spring because there is increasing daylight hours and cyclical wind patterns.
Mentioned previously, the Trump administration does not support renewable energy. However, there are a number of states across the United States that plan on keeping in contact with the Paris climate agreement, with or without the support from their government.
As one of the largest emission-releasing states in the country, California recently disclosed that they have plans to get half of their electricity from renewable energy sources by the year 2030. Furthermore, California is debating whether or not to raise this to 100% by the year 2045.
Stanford University recently conducted a study which found that it is very possible for the United States to run solely on renewable energy in 35 years. To reach the goal, the study offers a “roadmap” of what each state would have to do in regards to infrastructure and energy consumption.
And to no surprise, the Trump administration plans on focusing more on the fossil fuel industry. However, the US Department of Energy disclosed in 2016 that solar actually employs more people in the United States than gas, coal, and oil combined.
There are a number of Americans who are surprised that the government wants to focus more on fossil fuels as 60% of Americans in 2014 thought that the country’s main priority when it came to energy investing should be in renewable energy. This has now grown 65% this year alone.
Despite the current government’s outlook on renewable energy, there are numerous states, companies, jobs, and American people who still believe in the renewable energy sector. Therefore, it seems that renewables will continue to be on the rise, while the American people’s faith in their government will fall.
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