Renewable Energy and Its Role in the Near Future

Renewable Energy and Its Role in the Near Future

World is moving and improving fast. Governments and investors are now realizing that fossil fuels are a problem. One clear effect of this awareness in the massive drop in oil prices. There are other notorious facts to consider related to renewable energy and its growing industry.

More and more investments are headed to the clear energy sector, which seems like the clear path to follow. While climate change and global warming are two alarming issues that do not stop getting worse, drastic measures must be taken to slow heal the damage to our planet.

The U.S. government has made huge investments in the sector in the recent years, boosting the production and fastening the imminent transition. It is hard to understand why and how the necessary changes haven’t occur by now. While facts are straight, many suppose that colossal energy corporations that profit from fossil fuels are behind it. It’s possible, due the massive political implications.

Cheap and Clean Energy

The actual market has proven that renewable energy isn’t something highly expensive and far away from low and middle classes’ reach. It is exactly the opposite, being the clear energy production way cheaper than many sectors of the fossil fuel power supply.

The renewable energy business creates three times more jobs with less costs, which is something that should attract massive amounts of investors. In the public matter, governments have to spend more resources in subsidies when it comes about power generation through fossil fuels. And even competing with natural gas, renewable energy stills cheaper.

When it is about financial terms that has a highly positive outcome, answers appear by themselves. More and more investors are realizing this today, when it is clearer than ever.

Higher Performance

While renewable energy represents the smart way to fight back the worrying global warming process, there are plenty of reasons to convince governments and investors over the ecology facts. Even when our only planet is at risk, obvious reason hasn’t worked quite well.

Fortunately, there are plenty of economic facts that could help to attract more supporting members to the cause. Could sound unrealistic, but you must notice that only one hours of sunlight is enough to produce the required energy to satisfy a whole year of power demand if it is generated properly.

Another good example of the clean energy’s high performance is the one of the wind turbine. With just one generating unit at constant speed, it is possible to delivering power to 300 houses.

Cheaper and better technologies are being developed by the abundant players in the market. Also, consider that every day that goes, new companies start working in better, more productive solutions to generate clean energy. Besides, the offer increases notably while prices go down. Another good reason to invest right here.

Growth and Increasing Appeal

People must understand from where we can generate clean energy. The sector has at its disposal several sources to produce renewable energy: wind, solar, hydro, biofuel and geothermal. All of this sources are considered as unlimited and totally clean. They are in constant renovation, as the popular denomination suggest.

Right now, fossil fuels, with oil at the head, are losing popularity. The severe price drop is leading big companies in the U.S. to a highly possible bankruptcy scenario. The oil barrel enjoyed golden years, having a price above the US$100 mark. But now, the festivities are over and the billionaire business of oil seems to be about to end tragically.

Obviously, this event led investors to run away from the sector and considerate new, more stable ways to generate power and profit in the process. The clear, proven facts about the renewable energy business are already increasing the appealing and catching important investments.

With this in mind, governments are also interested in a constant growth of this market, which seems to be the path to follow.

The Forecasted Future

Experts already assume that renewable energy will represent the fastest growing power source in the following decades, also estimating that in 2040 it will reach its historical peak and will surpass the fossil fuel industry. To support this forecast, you should notice that a constant growth has been recorded since 2000.

Now, the meltdown of the oil industry should work as a boosting event for the clean energy sector, which is now receiving scared investors that lost a lot recently. Last year, the growth rate of the renewable energy sectors was about 9 percent, which was almost twice the growth rate of the overall economy.

By now, the clean power generation should represent the main and most interesting option for investors at all the scales and levels. Also, there is a huge expansion within the research and development sector. This is essential as well, giving more alternatives in terms of equipment and reducing costs.

It is clear that fossil fuels are a problem. Most people are now aware of that. Related industries, like the automotive one, are also supporting this fact. Most car makers are now developing serious, suitable electric-based models. While many of them has a mixed lineup, pioneers like Tesla are only offering cutting-edge, eco-friendly models.

Hybrid vehicles are a good option as well but they will be eliminated in the near future for sure. Oil stopped being a good option. With colossal companies that were leaders of the sector going bankrupt, the forecast isn’t quite positive.

Not only in a financial way is this a highly positive step. People must understand that the biggest responsive of the actual pollution that it is killing the planet is the fossil fuel burning to generate power. Coal-based plants on the United States are being eliminated slowly, while clean energy ones are being installed.

But international organizations must be more severe and effective. China, in the order hand, is already executing a project to build a great amount of brand-new coal-based plant in the next 10 years. The lack of conscience is worrying.

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