The growth of our society is dependent on energy. And, since we have built our world using limited fossil fuel reserves, continuously shrinking reserves have created scarcity for energy, and given rise to energy cost. Currently, more than 1 billion people live without electricity and continuous fossil fuel generation has led to environmental degradation. World’s decision to opt for sustainable energy in such a scenario can be considered as a decisive step, right before we would have crossed the point of no return.
Opting for green energy transition can offer release from economic and environmental binds of fossil fuel. However, to unleash green energy transitions’ full potential, which promises to build a better economy and industrial structure for a country, countries need to focus on manufacturing. Let us see why it is important.