Governments around the world have, over the past year, greenlighted ambitious renewable energy policies that aim for major expansions of wind and solar power, along with the development of technologies such as carbon capture and storage, which is seen as a way to reach the net zero carbon emissions.
Some of the policies also included tax credits to buy electric vehicles, heat pumps or energy-efficient materials for construction.
The United States signed into law the Inflation Reduction Act, the most ambitious climate legislation in the country’s history. The European Parliament passed the REPowerEU plan to reduce dependence on Russian fossil fuels and fast-forward the transition to clean energy. And China announced schemes to enable it to meet its 2030 clean energy goals five years before the schedule.
Analysts say the global energy crisis triggered by Russia’s invasion of…
Photos: How 2022 became a ‘pivot year’ for clean energy | In Pictures
