2024 energy predictions

illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below:

🗞️ Driving the news: The United States' clean energy sector is undergoing a significant transformation in 2023, driven by the Inflation Reduction Act and a shift in consumer preferences towards clean energy technologies 
• This has led to economic growth, particularly in Red and Purple states, due to increased clean energy investment and job creation

🔭 The context: The booming clean energy economy in the U.S. is facing potential challenges in 2024 due to election year dynamics 
• Despite this, policy experts and clean technology executives predict notable developments in the sector, including increased rural support for renewable energy, contentious debates over clean hydrogen tax credits, a focus on electric vehicles in the election, surging investment in carbon utilization, and a boom in real estate for electric vehicle charging infrastructure

🌍 Why it matters for the planet: These developments in the U.S. clean energy sector are critical for global climate action 
• They represent a shift towards more sustainable energy sources, highlighting the importance of renewable energy and clean technologies in reducing carbon emissions and combating climate change

⏭️ What's next: Experts anticipate several key trends in the U.S. clean energy sector for 2024, including political battles over energy policies, increased investments in clean technologies, and advancements in renewable energy infrastructure

💬 One quote: "Support for wind and solar in rural communities is growing and outweighs opposition in these typically conservative areas" (Robin Pressman, Head of Embold Research)

📈 One stat: In 2023, there was a notable increase in rural support for renewable energy, with 74% of rural Independents supporting solar and 64% supporting wind energy

Click for more news covering the latest on energy