9 Things You Didn’t Know About Green Energy
Maybe you’ve looked into green energy for the environment, but there’s so much more to it than that. So what is green energy’s impact on the world, apart from the environmental benefits? To answer that question, here are nine things you may not know about green energy:
- Green energy creates three times more jobs than fossil fuels. In addition, median wages for the green energy industry are 13% higher than the economy average. Job quality is also better, with green energy creating twice as many medium- and high-credential jobs as fossil fuels.
- Green energy is competitive with other energy sources. Many types of green energy systems, like solar panels and wind turbines, are cheaper than they’ve ever been, and can help protect consumers from rising electricity rates.
- Green energy currently provides 22% of the world’s electricity. According to the Renewables 2014 Global Status Report, 22.1% of the world’s electricity was generated by green energy sources in 2013.
- Green energy could supply 100% of Europe and North Africa’s power needs by 2050. In 2010, international climate experts published 100% Renewable Energy: A Roadmap to 2050 for Europe and North Africa, which provides directions for policy makers on how to achieve 100% green energy by 2050.
- Green energy improves power grid stability and reliability. Different types of green energy solutions, like solar and wind power, are less likely to fail due to severe weather, since they’re spread out over a larger area and made up of multiple units of equipment. Where traditional power sources may fail, green energy sources can pick up the slack.
- Green energy investments have surpassed fossil-fuel investments around the world. 2011 marked the first year that global investments in green energy solutions surpassed those in fossil fuels, and every year since has increased that gap.
- Green energy is helping people around the world get access to electricity. About 1.3 billion people worldwide don’t have access to electricity. Green energy technology is cheaper than extending the electric grid to under-populated areas, and it’s cheaper than diesel and kerosene systems, which makes it the ideal solution for smaller and poorer communities.
- Green energy is projected to generate 25% of the world’s power by 2018. A report published by the International Energy Agency (IEA) in 2013 found that green energy sources could account for almost 25% of the world’s power generation by 2018.
- Green energy will be a $426 billion industry worldwide by 2022. In their report Clean Energy Trends 2013, research firm Clean Edge found that by 2022, the green energy industry will be worth nearly a half trillion dollars.
At IGS, we believe in doing our part to take care of the planet, which is why we are proud to offer go green™ plans and products that make it easy for consumers to get involved in the renewable energy initiative. Together, we can help make the future bright for the next generation.