In your area of the world, do you see more solar panels or wind turbines going up? If you do that is one of the reasons why the International Energy Agency said worldwide growth in renewable power capacity is set to double by 2027.

In an article by Elena Shao of the New York Times News Service, the IEA says renewables are posed to overtake coal as the largest source of energy generation by early 2025.

The growth of renewables is led by the European Union, USA and China. China is expected to install almost half of the new global renewable power capacity over the next 5 years, based on the country’s 5-year plan.

In should be noted all 3 countries are also using coal and during the Russia cutback, coal mines have opened in England, France and Germany.

For low-income countries there are barriers including a weak grid infrastructure, lack of access to affordable financing for renewable projects. At last month’s United Nations climate conference in Egypt, many global leaders asked the World Bank and International Monetary Fund to make financing of renewable projects easier.

Linking to dividend paying stocks, if you own a utility stock, the company used coal till coal prices went up and switched to natural gas and when renewables prices are compatible or thanks to Washington’s grants the prices make renewables good for the utility to make profits, the utility switched. Utility companies need to keep the electricity on and will do whatever makes economic sense for the shareholders as well as the community. It is good that renewables are gaining a greater share, but as a shareholder the return matters more.

There are more questions than answers, till the next time – to raising questions.