40% of global energy capacity is now from zero-carbon sources, led by wind and solar, with green hydrogen poised to boost renewable growth and storage solution.
By 2050, hydrogen will be key for heavy industries. Europe, Japan, and South Korea will lead demand, requiring large-scale shipping and infrastructure upgrades.
As a result of a drop in the production of fossil fuels, the EU now produces more than half of its electricity from solar, biomass, hydro, and wind energy.
ASEAN needs $27 billion yearly to transition to 23% renewable energy by 2025. Global collaboration is crucial to overcoming financial and technical hurdles.
UK allocates £1.5 billion to renewable energy, increasing funding for offshore wind and solar in an effort to achieve energy independence and cost reductions.
