Renewable Energy - The Future Resource Stock8672066
Renewable Energy is the key to our global energy needs in the future, as we run out of our supply of fossil fuels and uranium or the cost of these fuels rises for economic or political reasons, the cost of renewable energy may become much more competitive. Using current technologies, most ocean energy is not cost-effective compared to other renewable energy sources however the ocean remains one of the important potential energy source for the future. Both renewable and non-renewable energy sources are used to generate electricity, power vehicles, and provide heating, cooling, and light.
Renewable Energy is energy created from resources that are regenerative - or renewable - meaning they cannot be depleted. These resources are safe for our environment and produce energy without the harmful pollutants and emissions associated with fossil-fuels.
As the this industry expands, the expertise of these support industries is being tapped to provide the support and infrastructure needed for the advancement of renewable energy production globally. The reason for the massive growth is global companies are looking for green or renewable resource technologies and companies to invest in, fund, acquire, license or strategically partner with. Priority is given to technologies that are patented or commercial products with existing or near term revenue streams. Renewable energy systems encompass a broad, diverse array of technologies, and the current status of these can vary considerably. Some technologies are already mature and economically competitive.
Globally we recognize that utilizing renewable resources has the potential to provide us with cleaner air, a more diverse energy portfolio, and less dependence on foreign fossil fuels. Currently renewable resources accounts for only 3.4 percent of total global power generation. The International Energy Agency recently issued a report estimating that in order to reduce greenhouse gas emissions 50% by 2050, global investment in renewable energy, energy efficiency and carbon sequestration will need to reach roughly US $45 trillion dollars by that date.
It is expected that 60% of all our energy will come from renewable resources by the year 2070. The sooner we employ the attitude that today is better than tomorrow, the greater the opportunity to increase this figure to 80%. Renewable energy is sustainable energy that comes from the natural environment. Renewable energy, or green power, is power that comes from renewable resources such as the sun, wind, hydro-electric dams and organic matter (biomass). These resources are constantly replenished by nature and are a cleaner source of energy.
