As the world accelerates emissions reduction and energy transition to achieve carbon neutrality, investment in clean energy development is more important than ever. Realizing their commitment to take the lead in the fight against climate change, the US and Europe have introduced policies that prioritize the development of clean energy and have recorded positive results.
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| Developing renewable energy helps fight climate change. Photo: GETTY IMAGES |
Committed to taking the lead in the fight against climate change, the US has had many investment programs to develop clean energy. The US government prioritizes supporting projects to reduce greenhouse gas emissions, one of the causes of global warming.
The $27 billion US Greenhouse Gas Reduction Fund was established under the Inflation Reduction Act (IRA) that was passed last year.
This fund is proposed to replicate the model of more than 20 green banks in states like Michigan and Maryland that invest in residential solar energy programs…
Non-profit green banks will help reduce the risk of projects in low-income communities by providing financial support and helping attract private sector investment.
In June, the US government launched a $6 billion grant program to help low-income communities access residential solar panels.
The US Environmental Protection Agency (EPA) recently announced two programs with $20 billion in grants to boost investment in clean energy nationwide, especially in low-income communities. , in response to climate change.
Accordingly, the program "National Clean Investment Fund" worth 14 billion USD will sponsor 2-3 national financial institutions to cooperate with the private sector to provide finance for tens of thousands of public projects. clean technology throughout the United States.
US Vice President Kamala Harris said: “Students, small business owners and community leaders with innovative ideas to reduce emissions and accelerate the clean energy transition will now witness their projects come true, while creating a clean energy economy for all.”
The investment in clean energy in European countries also helps many countries in the region reduce difficulties in solving the problem of energy security.
In a recent letter to the European Commission, many business groups urged policymakers to accelerate investment in the energy network and promote projects to increase solar power capacity to promptly meet the targets. target against climate change.
Using renewable energy has helped reduce power shortages during recent heat waves.
According to experts, solar power is a particularly suitable solution to cope with the hot weather of summer when the sun's radiation is strongest during the hottest time of the day and the demand for electricity for the system is very high. The cooling system is also at the highest level.
The high production of solar power has helped some European countries meet the soaring electricity demand this summer.
In Southern Europe, Spain and Greece increased their solar PV installations as the two countries faced record high energy prices last year. According to grid operator Red Electrica, in 2022, Spain's solar capacity will increase by 4,5 GW and be a record high.
Solar power contributed nearly 24% of Spain's electricity production in July, up from 7% in July last year.
In Greece, the network operator IPTO said, when the demand for electricity increased to the highest level since the beginning of the year, on July 24, solar power has met 7 GW. of the total demand of 3,5 GW.
In Italy, according to data from Refinitiv, rising temperature and cooling demand led to a peak in electricity demand in Sicily on July 24, and solar power has met nearly 7% of this generated electricity demand.
In a country with cooler and less sunny weather like Belgium, solar power also meets more than 100% of the electricity demand generated during peak hours...
It can be said that renewable energy has helped many countries "cool down" the shortage of electricity in the hot summer days, in the context that ensuring energy security is one of the top priorities.
Facing the urgent goal of taking action against climate change, green energy transition is an inevitable trend and also a pillar field in current international cooperation.
According to THAI AN/People's Electronic Newspaper
