President Trump's rejection of renewable energy technologies places the U.S. at odds with many global economies actively investing in solar, wind, and battery technologies. The European Union has largely transitioned away from coal, and Britain has ceased operating its coal power plants. Countries like Norway are incentivizing electric vehicles, while Saudi Arabia aims to produce 50% of its electricity from renewables by 2030. Meanwhile, China, despite being the largest coal consumer, leads the world in solar and wind project developments, highlighting the mixed energy strategies emerging globally.
Many of its large-economy peers are choosing a different path... the movement globally is toward heavy investment in solar, wind and batteries.
The European Union has aggressively moved away from coal... solar alone made up 11 percent of power generation across the 27-country bloc.
Even Saudi Arabia... has set a goal to generate half of its electricity from renewable energy by 2030.
China... is home to nearly two-thirds of all the world's utility-scale solar and wind projects under construction.
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