{"id":16271,"date":"2020-02-05T16:48:12","date_gmt":"2020-02-05T07:48:12","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=16271"},"modified":"2023-03-03T12:33:58","modified_gmt":"2023-03-03T03:33:58","slug":"eco-friendly-energy-answer-2020s","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2020-02-eco-friendly-energy-answer-2020s\/","title":{"rendered":"Is eco-friendly energy the answer for the 2020s?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"16271\" class=\"elementor elementor-16271\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7fff79e5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7fff79e5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-199ba009\" data-id=\"199ba009\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9ca7eae elementor-widget elementor-widget-image\" data-id=\"9ca7eae\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2020\/02\/eco-friendly-energy-introduction-box-v2-1.jpg\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzQwMTcsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjBcLzAyXC9lY28tZnJpZW5kbHktZW5lcmd5LWludHJvZHVjdGlvbi1ib3gtdjItMS5qcGcifQ%3D%3D\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"141\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/02\/eco-friendly-energy-introduction-box-v2-1.jpg\" class=\"attachment-medium_large size-medium_large wp-image-34017\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/02\/eco-friendly-energy-introduction-box-v2-1.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/02\/eco-friendly-energy-introduction-box-v2-1-300x55.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-46a7ae1 elementor-widget elementor-widget-text-editor\" data-id=\"46a7ae1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The start of a new decade has got many of us resolving to become fitter, healthier, and happier. But what about our planet? As the United Nations Climate Change Conference COP 25 showed last month,\u00a0<a href=\"https:\/\/qz.com\/1768981\/cop25-climate-change-talks-come-to-a-dead-end\/\" target=\"_blank\" rel=\"noopener\">much needs to be done<\/a>\u00a0to get global warming under control.<\/p><p>If we are to limit greenhouse gas emissions to the\u00a0<a href=\"https:\/\/www.unenvironment.org\/news-and-stories\/press-release\/cut-global-emissions-76-percent-every-year-next-decade-meet-15degc\" target=\"_blank\" rel=\"noopener\">level targeted<\/a>\u00a0by the UN Environment Programme (UNEP), it will be important to use eco-friendly energy sources like the sun, wind, and water. The International Renewable Energy Agency (IRENA) says the world needs to\u00a0<a href=\"https:\/\/www.windpowermonthly.com\/article\/1668139\/global-renewables-ambition-needs-double-2030\" target=\"_blank\" rel=\"noopener\">more than double<\/a>\u00a0its current plans for renewable energy capacity by 2030 in order to meet the UNEP\u2019s goal.<\/p><p>So, let\u2019s find out more about how renewable energy can help.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28ffa79 elementor-widget elementor-widget-heading\" data-id=\"28ffa79\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How does renewable energy work?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-807ddb9 elementor-widget elementor-widget-text-editor\" data-id=\"807ddb9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There are six types of renewable energy highlighted on\u00a0<a href=\"https:\/\/www.irena.org\/\" target=\"_blank\" rel=\"noopener\">IRENA\u2019s website<\/a>: solar, wind, ocean, hydropower, bioenergy, and geothermal. What these energy sources all have in common is that they are natural in origin.<\/p><p>For example, it is well known that the sun emits powerful rays. These can be caught by solar panels or concentrated via mirrors to create electricity. Another force of nature, wind, can move the blades of turbines to generate power, while renewable technology also harnesses the energy of water in dams and reservoirs, as well as ocean waves. More earthy sources include bioenergy from trees, plants, and organic waste, along with geothermal energy using heat from deep underground.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e3c646c elementor-widget elementor-widget-image\" data-id=\"e3c646c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2020\/02\/How-Does-Renewable-Energy-Work.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"How Does Renewable Energy Work\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzQwMTksInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjBcLzAyXC9Ib3ctRG9lcy1SZW5ld2FibGUtRW5lcmd5LVdvcmsuanBnIn0%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"1168\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/02\/How-Does-Renewable-Energy-Work.jpg\" class=\"attachment-medium_large size-medium_large wp-image-34019\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/02\/How-Does-Renewable-Energy-Work.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/02\/How-Does-Renewable-Energy-Work-197x300.jpg 197w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/02\/How-Does-Renewable-Energy-Work-673x1024.jpg 673w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5283138 elementor-widget elementor-widget-heading\" data-id=\"5283138\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can we increase the share of renewable energy?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b8f2145 elementor-widget elementor-widget-text-editor\" data-id=\"b8f2145\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>IRENA\u2019s\u00a0<a href=\"https:\/\/www.irena.org\/publications\/2019\/Apr\/Global-energy-transformation-A-roadmap-to-2050-2019Edition\" target=\"_blank\" rel=\"noopener\">goal<\/a>\u00a0is for renewable energy to make up half of global power generation by 2050. With fossil fuels currently supplying around\u00a0<a href=\"http:\/\/news.mit.edu\/2019\/race-develop-renewable-energy-technologies-1218\" target=\"_blank\" rel=\"noopener\">80 percent<\/a>, the agency insists the renewable share can exceed 30 percent by the end of this decade \u201c<a href=\"https:\/\/gwec.net\/the-global-renewable-energy-share-can-exceed-30-per-cent-2030-extra-cost-irena-report\/\" target=\"_blank\" rel=\"noopener\">at no extra cost<\/a>.\u201d In fact, it claims the energy shift would not only be cost-effective but would also bring with it considerable socio-economic benefits \u2013 boosted economic growth, more jobs, and a healthier environment.<\/p><p>Mark Jacobson, a professor from Stanford University, has gone even further with research colleagues. They produced\u00a0<a href=\"https:\/\/cleantechnica.com\/2019\/12\/22\/100-wind-water-solar-energy-can-should-be-the-goal-costs-less\/\" target=\"_blank\" rel=\"noopener\">this vision<\/a>\u00a0for getting to 100 percent by 2050, with projected benefits outweighing any disadvantages. If that sounds like a bold ambition, then the infographic below outlines IRENA\u2019s\u00a0<a href=\"https:\/\/www.irena.org\/remap\" target=\"_blank\" rel=\"noopener\">own target<\/a>\u00a0for how renewable energy sources could outweigh non-renewables in order to meet the world\u2019s key climate goals within the next 30 years.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3564d7c elementor-widget elementor-widget-image\" data-id=\"3564d7c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2020\/02\/Renewable-Energy-Outlook.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Renewable Energy Outlook\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzQwMTgsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjBcLzAyXC9SZW5ld2FibGUtRW5lcmd5LU91dGxvb2suanBnIn0%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"940\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/02\/Renewable-Energy-Outlook.jpg\" class=\"attachment-medium_large size-medium_large wp-image-34018\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/02\/Renewable-Energy-Outlook.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/02\/Renewable-Energy-Outlook-245x300.jpg 245w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/02\/Renewable-Energy-Outlook-837x1024.jpg 837w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8bcde31 elementor-widget elementor-widget-heading\" data-id=\"8bcde31\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What\u2019s Samsung C&amp;T\u2019s role?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b40d4a5 elementor-widget elementor-widget-text-editor\" data-id=\"1b40d4a5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-style: inherit; font-weight: inherit; color: var( --e-global-color-text ); background-color: var(--ast-global-color-5);\">Given the benefits of renewable energy, it\u2019s not surprising that the industry as a whole has <\/span><a style=\"font-style: inherit; font-weight: inherit;\" href=\"https:\/\/sdg.iisd.org\/news\/irena-report-finds-5-increase-in-renewable-energy-compared-to-2016\/\" target=\"_blank\" rel=\"noopener\">already been growing in recent years<\/a><span style=\"font-style: inherit; font-weight: inherit; color: var( --e-global-color-text ); background-color: var(--ast-global-color-5);\">. What\u2019s more, it\u2019s getting easier and more cost-effective to invest in and consume renewable energy, according to <\/span><a style=\"font-style: inherit; font-weight: inherit;\" href=\"http:\/\/www.weforum.org\/agenda\/2019\/09\/global-renewable-energy-investment-slowing-down-worry\/\" target=\"_blank\" rel=\"noopener\">this report<\/a><span style=\"font-style: inherit; font-weight: inherit; color: var( --e-global-color-text ); background-color: var(--ast-global-color-5);\"> published online by the World Economic Forum.<\/span><\/p><p>Samsung C&amp;T Trading &amp; Investment Group has been participating in the growth of renewable energy through, for example, solar and wind energy plants in North America. In 2018, the company completed its landmark <a href=\"https:\/\/news.samsungcnt.com\/en\/samsung-ct-completes-renewable-power-generation-project-ontario\/\" target=\"_blank\" rel=\"noopener\">Ontario Project<\/a>, including 10 power plant complexes providing a total capacity of 1,369 MW of wind and solar energy, or enough to power 400,000 households. In addition, Samsung C&amp;T Trading &amp; Investment Group is building several <a href=\"http:\/\/www.theinvestor.co.kr\/view.php?ud=20170829000646\" target=\"_blank\" rel=\"noopener\">utility-scale solar power projects in <\/a>the U.S. and will develop their capabilities further.<\/p><p>Samsung C&amp;T is also active in the bioenergy industry, specifically the biofuel business, operating a 24,000-hectare palm plantation in Indonesia capable of producing up to 60,000 palm fruits per day. The outer part of the fruit\u2019s seed, or palm kernel shell (PKS), is a valuable <a href=\"https:\/\/news.samsungcnt.com\/en\/indispensable-materials-series-part-8-palm-kernel-shells-high-potential-renewable-energy-resource\/\" target=\"_blank\" rel=\"noopener\">bioenergy resource<\/a>. Moreover, the company is a key importer of wood pellets to South Korea, as these are also an <a href=\"https:\/\/news.samsungcnt.com\/en\/indispensable-materials-part-13-whats-fueling-demand-wood-pellet\/\" target=\"_blank\" rel=\"noopener\">important source of bioenergy<\/a>.<\/p><p>With further investment and development, spurred on by the <a href=\"http:\/\/news.mit.edu\/2019\/race-develop-renewable-energy-technologies-1218\" target=\"_blank\" rel=\"noopener\">race to develop renewable energy technologies<\/a>, this decade really could mark an important era in our shift towards eco-friendly power.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The start of a new decade has got many of us resolving to become fitter, healthier, and happier. But what about our planet? As the United Nations Climate Change Conference COP 25 showed last month,\u00a0much needs to be done\u00a0to get global warming under control. If we are to limit greenhouse gas emissions to the\u00a0level targeted\u00a0by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-16271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-investment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is eco-friendly energy the answer for the 2020s? - Samsung C&amp;T Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2020-02-eco-friendly-energy-answer-2020s\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is eco-friendly energy the answer for the 2020s? - Samsung C&amp;T Newsroom\" \/>\n<meta property=\"og:description\" content=\"The start of a new decade has got many of us resolving to become fitter, healthier, and happier. But what about our planet? As the United Nations Climate Change Conference COP 25 showed last month,\u00a0much needs to be done\u00a0to get global warming under control. If we are to limit greenhouse gas emissions to the\u00a0level targeted\u00a0by [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2020-02-eco-friendly-energy-answer-2020s\/\" \/>\n<meta property=\"og:site_name\" content=\"Samsung C&amp;T Newsroom\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-05T07:48:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-03T03:33:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.samsungcnt.com\/en\/wp-content\/uploads\/sites\/3\/2020\/02\/eco-friendly-energy-4-featured-image-588x470-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"588\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samsung C&amp;T Global PR Manager\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samsung C&amp;T Global PR Manager\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2020-02-eco-friendly-energy-answer-2020s\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2020-02-eco-friendly-energy-answer-2020s\/\"},\"author\":{\"name\":\"Samsung C&amp;T Global PR Manager\",\"@id\":\"https:\/\/news.samsungcnt.com\/en\/#\/schema\/person\/7c21bf3897113ac1b49ed07b1d871d08\"},\"headline\":\"Is eco-friendly energy the answer for the 2020s?\",\"datePublished\":\"2020-02-05T07:48:12+00:00\",\"dateModified\":\"2023-03-03T03:33:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2020-02-eco-friendly-energy-answer-2020s\/\"},\"wordCount\":633,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/news.samsungcnt.com\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2020-02-eco-friendly-energy-answer-2020s\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/02\/eco-friendly-energy-4-featured-image-588x470-1.jpg\",\"articleSection\":[\"Trading &amp; Investment\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2020-02-eco-friendly-energy-answer-2020s\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2020-02-eco-friendly-energy-answer-2020s\/\",\"url\":\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2020-02-eco-friendly-energy-answer-2020s\/\",\"name\":\"Is eco-friendly energy the answer for the 2020s? 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