What are the countries with the biggest green energy investments in 2018?                                           

It seems like 2018 has been a great year for the development of projects revolving around environmental awareness, with a main focus on green energy. A few countries around the world have taken a stand against energy wastage and have set as goal to make renewable energy more accessible, and the results are quite impressive. While in 2017, global investment in renewable energy increased two percent to $279.8 billion, numbers seem to be even more appealing  in 2018. The international unified effort put into developing green habits is going in a great direction, and more alike initiatives are being promoted for the years to come. But where exactly have the biggest investments been made this year? It can be ascertained if you compare gas & electricity sources.

China and the rise of solar panel deployment

China has been named, undisputedly, a leader in renewable energy growth, and its strong position is less likely to be taken by another country anytime soon. By 2022, it’s been said, that China will account for even more than 40 percent of the total green energy, on a global scale. With realistic presumptions for the country to exceed its wind energy targets by 2019, solar panel deployment is where the highest and most impressive results have been observed. The solar panel target the country has set a while back, has been already reached, although the final results were said to be expected in the year 2020. This shows the incredible work and commitment the country has put into its green initiatives. With the energy consumption levels growing so rapidly, the country faced the need of implementing immediate strategies to allow proper accessibility to renewable sources. The solar industry there has managed to reach an astronomical growth, despite the fact that the solar project was initially started just last year. In just 2017 alone, more than half of the globe’s solar capacity was installed in this country. In 2018, some government cuts have been announced in this department, but China continues to be the dominant green energy source of the 21st century

India is making huge strides

India presents appealing prospects on the matter as well, being expected to double its renewable capacity by the end of 2022. According to statistics, India may manage to overtake the European Union, fact that says a lot about their implication in green projects. Wind and solar make 90 percent of the country’s energy capacity. This has become possible through auctions for power generation capacity development. Here, low prices on both of these technologies have been accessed, explaining why the country has become such an important global player in environmental sustainability. With financial issues on the matter being solved, and grid integration perfected, it’s explainable why the country’s development in renewables could exceed EU’s by 2020.

Canada’s commitment to green housing

The Canadian government has continuously taken important steps towards greener operations, setting a powerful example for other countries. With clear objectives set at the beginning of each year, it seems like the country has managed in 2018 once again to promote the importance of green practices. One of the things that the government has focused most this year, where the largest investments have been made, is increasing the availability of green housing at a nationwide level. One can say that Canada benefits from the highest rates of sustainable real estate.  Homes that are facilitated with enable energy sources have become a main option for home hunters and real estate investors. The market has grown its range of offers on the matters, and now buyers can access sustainable living condition easier than ever. Besides focusing on bringing homeowners the energy saving characteristics sought, and making it possible for estate units to be powered through renewables, further green practices have been pursued in the real estate market in Canada. Green insulation projects completed by experienced spray foam installers, the design of carbon-neutral units, green roofing, and the usage of eco-friendly materials are only a few examples of factors green housing associations have been targeting nationwide in 2018.

Denmark & Ireland – Europe’s green powerhouses

While EU’s renewable energy directives seem to have fallen behind countries such as India or China, if one analyzes member states individually, better prospects can be observed. Denmark in particular has excelled with its highly functional powerhouses, and if things will go in the same direction they have until now, the country could become the new world leader for renewables – by 2022, more than 69 percent of energy may be generated through renewable sources. Ireland follows its example, promoting appealing objectives for the future. Actions are being carried out that will allow one-third of the country’s energy to be renewable.

Notable projects in developing countries

While far from having the same impact as China or India, which have already reached impressive heights in terms of green energy investing, developing countries have started to access a change in this department as well, pursuing projects that revolve around renewable sources of energy. Sub-Saharan Africa, for example, is the region where off-grid solar applications have started to increase in popularity, and this type of renewable may grow in the future, potentially tripling the years to come. The renewables sector in Kenya is also a powerful one, being probably the most active in all Africa. Investments have been directed in 2018 towards various sun and wind initiatives. Costa Rica is also a great example, this Central America country generating more than 99 percent of its energy from different renewable sources.

Eco-friendly practices have started to be present around the globe, but the countries above mentioned are the ones that have taken the most relevant actions on the matter. With increased awareness in terms of renewable energy, it seems like more regions have started to implement measurements that permit the proper pursuit of green energy use. Various new projects are expected to be carried out on the matter in other regions as well, following their powerful example.

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