Green Energy Market Present Scenario And The Growth Prospects 2030

Leeb5755522 Sep, 2022Business

Due to the increasing concerns being raised over the deteriorating air quality levels, global warming, and rising environmental degradation, the governments and regulatory authorities of several countries across the world are taking various measures and initiatives for promoting the usage of green energy sources. Moreover, many governments are implementing strict policies for restricting the generation of power from fossil fuels and providing subsidies and other financial incentives to green energy projects. India and China are some of the major countries that have adopted green energy generation policies in the recent times and intend to meet the power requirements in their countries from green energy projects in the coming years. Furthermore, the depleting reserves of oil, coal, and other fossil fuels and the high import costs of these fuels are making many countries switch to renewable energy such as geothermal energy, biofuels, solar energy and wind energy for power generation.