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2024 energy predictions

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By illuminem briefings 🌎

· 2 min read


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

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