There is a need for new, clean technology that can increase productivity and efficiency at low cost which can have a positive impact on the way we live. World Governments have been asked to cut carbon emissions by 2% but unfortunately some Governments like the UK Government have cut funding for clean energy projects. However, countries like China are becoming a global superpower in renewable energy as they have recently cut their carbon emissions. Given the worlds incline to go green, funding renewable energy projects is a must!
When fossil fuels are burned, they create harmful greenhouse gases that contribute to global warming. By manufacturing products that use renewable energy sources instead of fossil fuel for power, will decrease dangerous gas emission levels thus prevent dramatic climate change.
Due to climate change concerns many coal mines have closed. As a result thousands of people worldwide have lost their jobs. This is also due to the commodity price decreasing in value and government regulations have challenged mining operations. The challenge now is to find a different way of converting existing materials into cleaner, efficient energy. A new wave of jobs in the renewable energy industry is on the increase, thus boosting countries economies which can also help energy poor countries to prosper.
The world has become extremely volatile in the oil market. Today, the drop in crude oil prices can be attributed to three simple reasons:
- US Dollar
There is less demand for oil imports as world economies have slowed down, there is currently an over supply where barges are currently sat in oceans waiting to unload and the US Dollar has weakened.
Funding Renewable Energy Projects
The “clean energy” race is very important, the winners in this race will experience many political as well as economic benefits in years to come. Green energy sources increased in productivity back in 2006 which include hydroelectric power 6.3%, nuclear 8.5%, and others (geothermal, solar, tidal, wind, wood and waste) to 0.9%. In 2012, the world relied on renewable sources for around 13.2% of its total primary energy supply. In 2013 renewable energy accounted for almost 22% of global electricity generation.
What is “renewable energy?”
Solar, wind and water are excellent renewable sources that have almost unlimited potential. The list also includes geothermal energy and biomass from bio-fuels. All these resources have excellent potential to satisfy our energy needs. By using such resources we would drastically improve our energy security and energy independence.
Manufacturing new green technology from renewable energy sources is extremely important for the future of Planet Earth. Here are some alternative thoughts how renewable energy projects can change the future of human habits into an positive sustainable society for our children’s future.
Due to the instability of the world economy and current wars in the Middle East, there is a delay tackling climate change. Green energy investment can help decrease carbon emissions and tackle climate change. There is a greater need for funding renewable energy projects and today more funders are open to funding such projects. Clean technology companies that need business loans can apply for equity or debt funding.
Renewable Energy Funding
As the world is being more proactive on recycling, it’s becoming easier to divide them from common waste. Biomass is the end product of organic matter. Products such as garbage, wood, waste, landfill gases, and alcohol can be produced into a source of direct energy. As an energy source, biomass can use combustion to produce heat or it can be used indirectly using steam turbines and gasifiers to produce various forms of bio-fuel. Biochemical conversion processes from biomass can be harnessed and converted to other usable forms of energy such as methane or transportation fuels like methanol, ethanol and biodiesel.
Wind power is clean, constant and produces no greenhouse gas emissions during it’s operation. Wind technologies like wind farms may consist of several hundred individual wind turbines which connect to the electric power transmission network. The problem with wind turbines is that a decent amount of wind power is needed to drive the sails to generate electricity (and it’s still quite expensive to produce).
Waste To Energy
The world has a responsibility to tackle the pollution crisis and climate change. Countries like England have built recycling plants to turn waste into a source of energy. This helps combat land and “sea dump” pollution crisis as most materials are now collected and waste from now on are put in skips and are now recycled. Man made materials like plastic and foam aren’t easy to break down so there is a need to find a solution to this problem. Up-cycling has become a recent trend though it’s not going to sort out waste dumps anytime soon.
Hydro Electric Power
Hydro electric power is one of the oldest and cleanest forms of energy production. Hydro electric power provides the world with approximately 20% of the electricity and accounts for about 80% of electricity from renewable sources. The advantages of generating hydro electric power are:
- Very low operating and maintenance costs
- Fuel is not burned so there is minimal pollution
- Water to run the plant is provided free by nature
- The technology is reliable and time-tested
- It is a renewable energy resource
Renewable Energy Solutions
Ending Energy Poverty
Renewable energy resources yield a net reduction in greenhouse gas emissions. Operating in the “clean tech” industry, businesses need to use alternative energy sources like renewable energy. By converting organic and/or inorganic biomass from waste streams to high-value bio-fuels, businesses can facilitate production of clean electrical and thermal energy.
Opportunities for renewable energy technologies
The image below shows the countries that generate the most electricity from renewable resources.We can all do our bit to combat pollution and climate change, below is an image to demonstrate how we can all act responsibly.