What is holding back the transition to renewable energy sources? How can we overcome these issues?

Although traditional energy sources such as fossil fuels possess many drawbacks in diverse aspects such as high carbon emissions, many factors are holding back the transition to renewable energy sources.

Renewable energy sources like solar and wind do not provide energy constantly and stably.  They are affected by factors which include weather and time of day. In contrast, traditional energy sources that we have been using are not affected by outer factors. To overcome this intermittency issue, we need improvements in energy storage technology, like more efficient batteries and hydrogen garages. Such improvements will help us deal with intermittency by storing excess energy for use when production is low. Building smart grids and improving grid infrastructure will further improve electricity control, making it easier to combine renewable sources easily into present networks.

Also, transitioning to renewable electricity often calls for massive initial investments in generation and infrastructure. These premature charges may be a deterrent for private and public investors, especially in areas in which energy demand is already met through cheaper fossil fuels. To overcome this challenge, governments can implement financial incentives such as grants, tax credits, and low-interest loans to reduce upfront costs, making renewables more appealing.

Additionally, fossil fuel subsidies provided by many countries are complicating the transition to renewable energy. These subsidies either keep consumer prices below market levels or support suppliers above market levels, making policy changes challenging for governments. However, reducing fossil fuel subsidies and introducing economic incentives for renewable energy investments are essential to make renewables more competitive. Consistent regulations and global cooperation on renewable energy goals are also critical for fostering an environment that encourages both public and private investment in green energy solutions.