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Unpacking the truth behind renewable energy: is it really the solution?

The myth of renewable energy: why it’s not the panacea we think
Let’s tell the truth: The prevailing narrative suggests that renewable energy is the solution to all our environmental problems. The emperor has no clothes, and I’m telling you: it is not that simple.

Uncomfortable facts and statistics

According to the International Energy Agency, in 2022, renewables covered only 29% of global energy demand. Yes, you heard it right: nearly 70% of the world’s energy still comes from fossil fuels.

Additionally, consider the resources needed to construct wind turbines and solar panels: for every megawatt of renewable energy, tons of minerals and rare metals are required, often extracted under disastrous conditions.

Counterintuitive analysis of the situation

So why do we continue to rely on these sources? The reality is less politically correct: renewable energy is expensive to implement and, in many cases, unreliable. Solar and wind energy production is intermittent, meaning we still need backup systems based on fossil fuels. Moreover, the environmental cost of producing batteries for electric vehicles is often ignored, while electronic waste continues to grow at alarming rates.

Provocative insights for reflection

Ultimately, the race towards a 100% renewable future may seem appealing, but it is flawed and full of contradictions. We are not suggesting a return to the past, but rather a careful examination of the solutions we are adopting.

Invitation to critical thinking

Before blindly embracing renewable energy as the sole solution to our climate issues, let’s ask ourselves: are we truly doing what’s best for our planet? The answer might surprise you.

how fintech is transforming financial services in 2026 1768179864

How fintech is transforming financial services in 2026