The rise of renewable energy resources is upending traditional energy markets, trade flows and presents a new set of challenges for policymakers, as well as new opportunities to address the challenge of climate change around the world.
There is a strong and growing consensus that a simultaneously growing and decarbonizing electricity sector is necessary to meet declining greenhouse gas emissions targets.
Transitioning to a low-carbon energy future consistent with the goals of the Paris Agreement requires trillions of dollars of additional investment in the Global South.
Corporate pledges to purchase renewable electricity have led to significant new solar and wind capacity investments and driven down the carbon intensity of the power sector in the United States.