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FAQ: Understanding the Slow Transition from Fossil Fuels to Renewable Energy
TL;DR
Companies like EverGen Infrastructure Corp. can gain market advantage by providing transition technologies that overcome regulatory barriers slowing renewable energy adoption.
Renewables supplied over 90% of new generating capacity in 2024, but adoption is slowed by permitting delays and limited capital access in developing nations.
Transitioning to affordable renewable energy creates healthier communities and a more sustainable future by reducing emissions and fossil fuel dependence.
Wind and solar power are now cheaper than fossil fuels globally, yet regulatory hurdles prevent faster adoption despite overwhelming capacity additions.
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Regulatory and financial obstacles, including permitting delays and limited access to capital, are preventing faster transition despite renewables being more affordable than coal or natural gas in most markets.
Renewables supplied over 90% of generating capacity additions worldwide during 2024.
Slow adoption is especially evident in rapidly industrializing nations where energy demand grows fastest.
Transition technologies like those commercialized by companies such as EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) can help curtail emissions while measures are instituted to accelerate the transition.
The slow transition is significant because it delays the displacement of fossil fuels even though renewables are now more affordable, potentially prolonging environmental impacts and slowing progress toward climate goals.
The content identifies permitting delays and limited access to capital as key obstacles preventing faster adoption of renewable energy technologies.
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Curated from InvestorBrandNetwork (IBN)
