Our global marketplace is certainly a competitive one but there is no reason why renewable energy technologies, whether they emanate from energy metals including lithium, uranium, zinc, cobalt, etc., or from the sun and wind or hydropower, should be competing for market dominance. Why shouldn’t renewable energy technologies compete for market dominance in the manner of Coke vs. Pepsi? It’s quite simple. Our global population can maintain a fruitful existence whether they opt for one beverage brand over another; a decayed environment, however, directly impacts our health, safety, and quality of life. Environmental degradation results in air and water pollution, climate change, biodiversity losses, and more. So, taking care of our environment by investing in all viable environmental tools and technologies is a global responsibility, and a necessity for ensuring a sustainable future.
Around the world, divergent regions are committing to ambitious climate policies to remove as many CO2 emissions as possible. For example, the European Union’s (EU’s) “Green Deal,” seeks to make Europe the first continent to remove as many CO2 emissions as it produces by 2050. As part of the EU’s target to achieve net-zero greenhouse gas (GHG) emissions by mid-century, Germany’s goal is to become carbon-neutral by 2050. Germany’s targets include reducing its GHG emissions by 55% or more by 2030 compared to 1990 levels. Germany has also pledged to phase out coal by 2038.