May 5 Green Energy News – Green Energy Times

Headline News:

“Renewable Energy Market to Reach $2.874 Trillion by 2033” • According to DataM Intelligence analysis, the Global Renewable Energy Market was valued at slightly more than $1.512 trillion in 2025 and is expected to reach $2,874 trillion by 2033. The rate of growth is driven by the increasing global shift toward clean and sustainable energy. [openPR.com]

Wind turbines (Ruben Hiebert, Unsplash)

“Renewables More Cost Effective Than Direct Air Capture” • Direct air capture, which pulls CO₂ out of the air, has increasingly become part of the conversation on climate action. But the argument for pumping money into DAC “weakens substantially” when it comes to renewable energy because it is cheaper to eliminate emissions than it is to capture them. [Euronews]
“Intermediate And Degraded Land Crops Are No ‘Miracle’ Solution For Sustainable Aviation Fuel, Study Shows” • Crops grown between food harvest cycles or on low-quality land are seen as green solutions for powering planes, but a T&E study shows that such crops could only meet 4% of the EU’s demand for bio-SAF by 2050. [CleanTechnica]
“OECD Nations Pass Point Of No Return On Fossil Fuel Power, As Renewables Take Over” • Fossil fuel electricity generation in OECD nations is 19% below its historical peak, with the decline driven by substitution rather than reduced demand. Electricity demand continued rising through the transition, but renewables outgrew the gap. [Microgrid Media]
“States Across The Wildfire-Prone Western US Are Using AI For Early Detection” • Another severe wildfire season is forecast for the Western US due to record-breaking heat and an abysmal snowpack. With concerns about wildfires, states across the West are adding AI to their wildfire detection toolbox, banking on the technology to help stop fires quickly. [ABC News]