22 Countries Predicted to Excel in the Green Energy Economy

As countries seek to become more carbon-neutral to meet their sustainable goals, more and more effort is being put into creating green energy economies. These economies are based on the transition from carbon-based energy to renewable energy sources. Countries with excellent green energy sectors are expected to see large potential for creating solid economies that positively impact their population and the environment. Here are 22 countries predicted to excel in the green energy economy:

Denmark

Denmark has demonstrated a long tradition of developing solutions that use renewable energy in the country. As of the beginning of 2024, Denmark derived 67% of its total electricity strictly from renewable sources like wind energy, solar energy, and biomass. The country has been an early leader in decarbonization, supported by the government, which announced a net zero target by 2045. About twenty-four different initiatives have been introduced to help the country reach its goals, and investments in offshore wind farms and green hydrogen have increased, creating a healthy green energy economy.

Norway

With an abundance of available hydro resources, Norway has been able to capitalize on its hydropower to meet over 90% of its electricity needs. The country has demonstrated its solid renewable potential, with nearly 100% of energy produced from renewable sources, such as its abundant hydropower and wind power plants. As the country continues working towards reducing greenhouse gas emissions and establishing a low-emissions society by 2050, efforts have increased in electric vehicle adoption. Norway also offers a range of robust incentives to support a green economy, establishing itself as a country predicted to excel in a green energy economy.

Germany

Energiewende is an ambitious goal set by Germany to produce 80% of all its electricity solely from renewable sources by 2030. To reach this goal, the country has increased efforts to transition to green energy sources and completely phase out coal. Germany has become a leader in offshore wind and solar PV, creating a robust green energy economy that has enhanced the country’s energy sector to become much more sustainable. Germany’s strong research and development sector has also played a crucial role in fostering energy innovation and solutions that will transform the country’s energy sector.

Sweden

Sweden has access to a large forest area and a low population density. These factors have helped create a robust bioenergy system extensively used for heating purposes throughout the country. As Sweden works towards its goal of generating 100% of its electricity from renewable energy sources by 2040, a robust green energy economy will emerge. The country has already harnessed hydropower, bioenergy, and wind energy to power itself.

Finland

Finland’s energy and climate policies are deeply rooted in its goals of achieving complete carbon neutrality by 2035 while providing energy security to its residents and reducing the dependency on energy imports. These policies and goals have led to significant investments in bioenergy and carbon capture technologies that have helped to increase the role of renewable sources in power generation. Finland also looks to create a focus on sustainable forestry and energy efficiency, which will help the country develop a robust green energy economy. Multiple projects have emerged in the country, like the Niittyneva Solar Park, which looks to increase solar energy consumption throughout Finland.

Netherlands

To reduce greenhouse gas emissions to zero by 2050, the Netherlands government has focused on transitioning to sustainable energy sources nationwide. The Netherlands also looks to generate about 70% of all electricity sustainably by 2030, leading to different steps that look to boost sustainable energy production and find solutions that help residents find energy-efficient methods of energy use. The country’s energy sector has been transformed with increased projects and initiatives to set up offshore wind farms and smart grids to create a thriving green energy economy.

United Kingdom

The UK has put significant effort into creating robust projects and initiatives that aim to harness wind, solar, and hydropower to power the entire region. Multiple offshore wind farm projects have emerged in the region, and government bodies have introduced initiatives to increase onshore wind and solar power for the region. The UK has demonstrated its strong potential for generating renewable energy sources as it looks to meet its carbon neutrality goals by 2050.

United States of America

The US has developed a robust green energy economy by increasing the use of renewable energy sources throughout the country, such as solar, wind, hydro, biomass, etc. The shift to green energy has increased innovations and technologies adopted by businesses and residents throughout the US, helping clean energy to contribute to the country’s GDP growth. States like California and Texas have established themselves to become key players in advancing the country’s green energy agenda. The US has also been able to incentivize green energy adoption, which has helped to create a solid green energy economy.

Canada

Canada has access to vast natural resources in and around the country, enabling it to excel in hydropower and wind energy. The country’s robust climate plan includes Canada’s GDP growing significantly through clean energy by over $100 billion, and investments within the sector will reach $58 billion by 2040. This plan will help the economy grow and present multiple opportunities for the residents within a fast-growing green energy economy. The country’s focus on green energy innovation has also helped to present many new opportunities for investors and innovators while helping Canada get closer to its 45% emission reduction by 2030 goal.

China

China is looking to see significant renewable capacity expansion driven by improved system integration and the increased focus on creating a robust green energy economy. Wind and solar power account for about 17% of China’s overall power consumption in 2023, demonstrating a steady increase over the last few years. The country has become a leader in renewable energy, with renewable energy installations all over the country, which have outpaced the rest of the world. However, the country still has significant steps to take toward lowering its dependence on fossil fuels, as is demonstrated by the development of an aggressive investment in a green energy strategy that aims to help China achieve carbon neutrality by 2060.

India

India has developed a growing green energy sector along with its growing economy. As of October 2024, the country generated over 201 GW of renewable energy-based electricity, which accounts for over 46% of the country’s total installed capacity. This demonstrates India’s commitment to shifting to cleaner energy sources like solar and wind power. India also has some of the largest solar parks in the world, which have significantly contributed to the country’s focus on renewable energy and lowering its fossil-based energy capacity.

Japan

Japan aims to triple its globally installed renewable capacity by 2030 to achieve its goal of carbon neutrality by 2050. The Japanese government has introduced multiple energy policies to help the country achieve this goal and lower emissions from the country. Solar, wind, hydropower, and geothermal energy are some of the country’s most common renewable energy sources, and investments in hydrogen and offshore wind are increasing.

South Korea

South Korea has taken significant steps to achieve its net-zero emissions by 2050 goal. Multiple initiatives and projects have been introduced in the country to expand its renewable energy capacity, especially in offshore and onshore wind, solar power, and energy storage systems. As South Korea continues to make advancements in the green hydrogen technologies that emerge from the country that attempts to decarbonize the country, its green energy economy will inevitably grow and expand. As of 2023, the country generated 38% of its electricity from clean sources and is continually looking to increase this number every year.

Australia

In 2023, Australia generated 35% of its total electricity from renewable energy sources, including solar, wind, and hydro, which marks a steady growth in renewable energy generation compared to the previous year. This demonstrates the country’s commitment to transitioning to clean energy to achieve its 82% renewable energy by 2030 goal. This goal has driven changes within the country’s energy sector with significant shifts to incorporate green energy technologies and solutions, expanding the country’s green energy economy. Australia has also been able to put a focus on green hydrogen exports, which has helped the green energy sector expand further.

Brazil

As one of the leaders in renewable electricity among G20 countries, Brazil has demonstrated its strong potential to excel in a green energy economy. 89% of the country’s electricity in 2023 came from renewable sources, including hydropower, biomass, wind power, etc. The country’s energy sector is one of the least carbon-intensive in the world, thanks to several decades of commitment to transition to cleaner energy sources. Brazil has been able to use innovative green energy solutions, like leveraging vast hydropower resources and bioenergy from sugarcane ethanol, which have significantly contributed to creating one of the cleanest energy mixes in the world.

Chile

Chile has become a frontrunner in renewable energy and has poised itself to excel in the green energy economy. This is mainly because the country has been able to account for almost 61% of its entire generated electricity only from renewable sources in 2023, getting very close to converting 70% of its total energy consumption to renewables by 2030 goal. Chile also continues to invest in innovative storage solutions that will provide energy efficiency and achieve a consistent energy supply from solar and wind power sources. As home to the Atacama Desert, Chile has been able to harness large amounts of solar power and build some of the most efficient solar plants in the world.

New Zealand

New Zealand has developed a low-emissions electricity system, with over 80% of its electricity coming from renewable sources. New Zealand continues to show its support for new technologies that look to cut down emissions across all sectors through investments and different initiatives that are introduced. As the country works toward its 100% renewable electricity by 2030 goal, the green energy sector will continue to expand and present opportunities for innovators and entrepreneurs who can provide a range of green energy solutions.

France

In 2023, France could generate about 92% of its electricity solely from clean sources, with only about 8% reliance on fossil fuel-based energy. The sizeable nuclear fleet in France has been at the forefront of decarbonizing the country’s electricity and creating a robust clean energy economy that is continually expanding. The French government is investing in a range of renewable energy innovation projects that will help expand its green energy sector and increase the installation of green energy farms nationwide, focusing on offshore wind farms and solar projects.

Portugal

Portugal has been highly ranked for its renewable and green energy sector, with about 61% of its electricity consumption in 2023 coming from renewable sources like wind power, hydropower, solar PV, and biomass. The country has demonstrated its support and focus on creating a robust green energy economy by promoting initiatives and projects that provide solutions that will decarbonize the country’s economic sectors. As Portugal works towards achieving 80% renewable electricity by 2030, many opportunities will continue to emerge in the energy sector.

Spain

The renewable energy industry in Spain has significantly grown and expanded in recent years, thanks to the country’s commitment to transitioning to green energy sources. In the first half of 2024, nearly 60% of electricity consumption was from renewable sources, which demonstrates steady growth year over year. Substantial inventions and innovative solutions in the renewable energy industry have played an important role in the country’s ability to increase solar and wind capacity and increase the country’s renewable energy into onshore wind solutions.

Italy

Italy’s primary renewable energy source is hydroelectric power, followed by solar PV, bioenergy, wind power, and geothermal energy. These sources have played a significant role in helping the country produce over 75% of its energy from renewable sources, creating a robust green energy economy. With targets to become a fully carbon-neutral country by 2050, Italy has intensely focused on achieving its goal and transitioning the entire economy into renewable sources while simultaneously transforming its energy landscape to become more sustainable and meet the European Green Deal.

South Africa

South Africa has robust plans to develop an excellent green economy that aims to be resource-efficient, low-carbon, and pro-employment. This, combined with the country’s green energy goals of achieving a total capacity of 29,500 MW by 2030 from renewable sources, has helped improve and expand the country’s green energy sector. Multiple large-scale projects have emerged that will help to increase renewable energy generation, particularly from solar, wind, and biomass. Programs like the REIPPP, which aims to reduce coal dependency and boost investments in green energy solutions and technologies, will play an essential role in creating a solid green energy economy in South Africa.

25 Countries Predicted to Become Economic Superpowers in the Next 20 Years

The strength of an economy plays a crucial role in various international policies about trade and relations. Certain factors determine the strength of an economy, including population growth, availability of resources, and development and advancement. Here are 25 countries predicted to become economic superpowers in the next 20 years

25 Countries Predicted to Become Economic Superpowers in the Next 20 Years

This Options Discord Chat is The Real Deal

While the internet is scoured with trading chat rooms, many of which even charge upwards of thousands of dollars to join, this smaller options trading discord chatroom is the real deal and actually providing valuable trade setups, education, and community without the noise and spam of the larger more expensive rooms. With a incredibly low-cost monthly fee, Options Trading Club (click here to see their reviews) requires an application to join ensuring that every member is dedicated and serious about taking their trading to the next level. If you are looking for a change in your trading strategies, then click here to apply for a membership.