Pillar One: Renewable Energy

Renewable forms of energy — solar, wind, hydro, geothermal, ocean waves, and biomass — make up pillar one of the Third Industrial Revolution. While these energies still account for a small percentage of the global energy mix, they are growing rapidly as governments mandate targets and benchmarks for their widespread introduction into the market and their falling costs make them increasingly competitive. Billions of dollars of public and private capital are pouring into research, development and market penetration, as businesses and homeowners seek to reduce their carbon footprint and become more energy efficient and independent.

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Source: U.S. DOE Energy Efficiency and Renewable Energy (EERE)