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What is Green Energy? How will renewable energy power the future?

Together with water, energy is the most valuable resource we have. It powers different industries.  Energy provides a system with the ability to perform work and without it, industries cannot function. Using green energy for manufacturing in growing economies is not only more sustainable but can also save money. Green energy is the energy that can be harnessed without harming the environment. This source of energy is environmentally friendly releasing very little toxic compounds into our atmosphere.

Green energy is defined as renewable energy since it is not exhausted at the source. It is also referred to as a clean energy due to the lack of negative impacts on the environment. To keep the planet clean it is important to use such alternative energy sources. One prominent example is the energy obtained from the processing of waste materials to make the environment cleaner. These materials normally pollute the environment by increasing the amount of waste material and toxic substances on the Earth’s surface.

Why use renewable energy?

It is critical to use renewable energy for reducing the global carbon emissions. Investments into such green energy have increased gradually as the cost of technologies fall and efficiency continues to rise. These are the reasons why renewable are rapidly making their way up the agenda –

Growing Price Competitiveness

Non-renewable sources of energies like fossil gas, oil, or coal, threaten power plant operators & end users, because of the insecurity of marginal costs. The price of gas fluctuates across regions, in a cyclical, though unpredictable fashion.

Renewable energy prices, on the contrary, have been continually decreasing. There have been significant price drops in solar over the last decade and the prices for onshore wind also drop significantly.

Long-term Certainty

Renewable have been heavily encouraged by policy makers and direct as well as indirect subsidies. This has driven down the costs during early deployment. The wind or solar farms are usually constructed for up to 25 to 30 years of operation, and even longer for hydro power plants. Thus, renewable continues to generate electricity for a very long time while their efficiency continues to increase.

Energy Security

The majority of non-renewable sources are concentrated in certain regions, whereas renewable energy can be domestic. This helps nations to reduce their dependencies on imported sources. The energy independence thus plays a significant role in addressing our energy needs by replacing foreign energy imports with clean electricity.

It is important to manage diminishing fossil fuel reserves and climate change is the biggest challenge the world is facing today. People are moving from non-renewable energy use to green energy to save the world for the future but also to save money. Clean energy development is vital to combat global warming and to limit its most devastating effects.