[ad_1] Renewable energy leaders from across the world are set to compete in a new global challenge aimed at accelerating the deployment of renewable energy sources across the globe. The Renewable Portfolio Standard (RPS) Challenge will see countries compete against each other in a bid to achieve the highest percentage of renewable energy generation within their respective electricity grids.

Renewable Portfolio Standards (RPS) are regulatory targets that require utilities to generate a specified percentage of their electricity from renewable sources. Over the past decade, RPS policies have been a driving force behind the rapid growth of renewable energy in countries such as the United States, where more than 30 states have implemented such targets. However, different countries have different policies in place to promote the adoption of renewable energy, and the RPS Challenge seeks to provide a platform for countries to learn from each other’s experiences.

The RPS Challenge is organized by the Clean Energy Ministerial (CEM), a global forum for clean energy policy makers. The competition will be based on the percentage of renewable electricity generated as a share of total electricity consumed in each country. The competition will take place over a period of four years, from 2021 to 2024, with the winners being announced at the end of the competition.

Countries will be divided into four categories, based on their respective energy consumption. The categories are small, medium, large, and extra-large, with each category containing different numbers of countries. The competition will also recognize the most improved countries in each category, as well as provide an overview of the top-performing countries.

The RPS Challenge is expected to increase the deployment of renewable energy across the globe, as countries aim to increase their share of renewable energy generation. This will not only help to reduce carbon emissions and mitigate climate change but also accelerate the deployment of renewable energy technologies such as solar and wind power.

The RPS Challenge also aims to encourage countries to adopt new policies and regulations that promote renewable energy, such as Feed-in Tariffs (FITs) and net metering schemes. These policies provide incentives for households and businesses to install renewable energy systems, such as solar panels and wind turbines, and feed excess electricity back into the grid.

Renewable energy is rapidly becoming the most cost-effective form of electricity generation, and the RPS Challenge aims to accelerate its adoption across the globe. The competition will provide a platform for policymakers to learn from each other’s experiences and develop new policies and regulations that promote renewable energy. With increasing pressure on countries to reduce carbon emissions and mitigate climate change, the RPS Challenge has the potential to accelerate the transition to a clean energy future.[ad_2]