Being environmentally aware has become mainstream, particularly following the Extinction Rebellion protests and Greta Thunberg's activism. This has led to the environment and climate change movement gaining worldwide traction. Events such as these have been the catalyst for transformation in the way the world stores, distributes and generates power.
By 2050, around 50% of global energy production is expected to come from wind and solar energy. As the public adopt new attitudes and behaviours for a more eco-friendly life, major energy and utility companies are investing heavily in new green initiatives. For example, Shell has spent around $2bn on investment in renewable energy since 2016.
With large companies investing in green initiatives and smaller companies developing new and innovative technologies to drive the industry forward, it's estimated that around $11.5tn will be invested into the renewable energy sector by 2050. Read more about investing in sustainable companies.
The UK generates almost 42% of its electricity from renewables, predominantly split between water energy, wind energy and solar energy.