The COVID-19 has created more than enough problems from a global perspective. People look up to their leaders and anticipate the next move, the next solution, or the next program to alleviate various problems created by the COVID-19 pandemic. However, successful solutions do not only come from the greatest power, this time, but our next-door neighbors have also risen to face this global crisis with ingenuity, creativity, and sustainability despite limited resources.
For instance, the desert crop farming in Mexico where Zuni people create “waffle gardens” to store water and the Subak rice terraces in Bali. One of the best examples of local initiatives comes from a ‘less developed’ nation in Latin America, specifically from Uruguay. Despite lesser wealth, they make do of what resources they have.
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The energy crisis is looming ahead. The non-renewable energy resources that are fuel and coal continue to decline while the global economy’s demand for electricity continues to rise.
According to Forbes, electricity demand will rise by 62% and is expected to triple in capacity by 2050. Due to this looming energy crisis and forecast of rising electricity demands, energy investors are shifting their focus to the renewable industry. The International Energy Agency (IEA) reports that while the economy suffered due to COVID-19, the market for renewables is getting stronger.
The forecast says that by 2025, Solar and Wind energy would eventually displace coal as the largest source of the world’s power. The scenario speaks of 130GW of solar will be added each year between 2023-2025 and will continue to accelerate to …