Thank you for Subscribing to Energy Business Review Weekly Brief
Thank you for Subscribing to Energy Business Review Weekly Brief
By
Energy Business Review | Friday, September 16, 2022
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
The benefits of renewable energy, including cleaner air, reduced carbon emissions, the preservation of natural resources, and significant long-term savings, have long been recognized
Fremont, CA: Local governments may significantly decrease their carbon impact by acquiring or producing power from clean and renewable resources. The benefits of renewable energy, including cleaner air, reduced carbon emissions, the preservation of natural resources, and significant long-term savings, have long been recognized. In an endeavor to decarbonize existing electrical and transportation networks, large-scale batteries, wind farms, solar panels, and hydropower plants are sprouting up around the nation.
However, in order to succeed in creating an emission-free future, it's also critical to understand the drawbacks of renewable energy, just as with any other kind of technology. In reality, one can only enhance the current technology, develop fresh approaches, and satisfy the energy demands while preserving the environment by being aware of its limitations. So let's look at some of the key benefits of renewable energy.
A never-ending fuel supply
Renewable energy gets produced from resources that replenish themselves naturally, such as sunshine, wind, water, biomass, and even geothermal heat.
Renewable energy sources turn natural resources directly into power, unlike the extraction of coal, oil, and natural gas, which necessitates huge networks of heavy gear, processing facilities, pipelines, and transportation. And although it is getting increasingly difficult and expensive to obtain various fossil fuels, which results in the devastation of natural ecosystems and huge financial losses, renewable energy never runs out.
A Cheaper Form of Electricity
Solar and wind power are currently among the cheapest sources of electricity in many regions of the world because of the tremendous expansion of renewable energy over the past ten years. For example, a new solar farm in the United Arab Emirates, a region renowned for its large amount of land and sunny climate, just obtained the lowest price of solar energy globally at just 1.35 cents per kilowatt-hour.
Even fossil fuel corporations, including the six leading oil firms, have shifted their investments to renewable energy due to the sharp reduction in solar and wind energy costs. And while green energy initially got thought of as a "clean-but-expensive" option, it is now assisting consumers worldwide in lowering their energy costs.
Renewable Energy Creates New Jobs
One of the unexpected benefits of renewable energy is that it has swiftly emerged as a significant driver of new employment development, with an increased focus on global warming and many countries establishing aggressive carbon-reduction objectives.
I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info