““There is a huge energy gap, which is going to be filled by renewable sources in the future. This means that we will no longer have to rely on imports, and we will be able to produce cheaper and more environmentally friendly energy. Even though some countries are already getting more efficient with their energy supply, there are still many developing economies that cannot effectively use the country’s abundant resources.” (quote from the author: Wouter van Gelder).
Taking into consideration the large cost of fossil fuels and the dwindling resources, we can do without them and go for a new solution.
In this section, we will discuss different renewable energy options such as wind power, solar power, waves and waves inlets. We will see how these work and what makes them better than fossil fuels.
We will also discuss how it is cheaper to produce renewable energy in other countries than it is at home as well as some benefits that renewable energy generation brings to the world.
With the help of renewable energy sources we can generate energy at a much cheaper cost. This will make the electric power consumption low.
The first question to ask here is whether it is feasible to use renewable energy sources for every single customer. The answer is no; it would not be practical in most places as it is too costly and resource-consuming. However, there are some places where renewable energies could be applied.
The reduction in fossil fuels, mainly oil, is creating a shift in energy strategy for the world.
Renewable energy sources such as wind and solar installations are becoming commercially viable. They can provide all the electricity the country needs with a very low cost. Building more renewable energy plants will allow countries to reduce their dependence on fossil fuel and other polluting industries.
Running on renewable power allows companies to cut down on their carbon footprint and greenhouse gas emissions, while supplying cheap electricity to consumers across the globe. This will also do away with many less eco friendly products that are manufactured today which require high production costs and huge amounts of resources (like plastic). The environmental benefits of these developments are numerous: If all countries want to be part of this movement then it could help us solve major problems like climate change.
Many companies are trying to shift their business focus towards a more sustainable and environmentally friendly environment. They are now looking at the alternative sources of energy: solar, wind, and bio fuels.
We should not only look at the renewable sources, but also ask ourselves what it would be like to have free access to cheap energy. What would we like to have? And how can we make that happen in our lifetime?
This section will compare the cost of current sustainable energy with the cost of clean and cheap energy sources such as renewable resources, as well as any other potential solution.
Smart Planning: The objective of this section is to discuss blockchain technology based smart contracts and how it can be used in creative industries, to create better ideas and projects.
We are on the verge of a new era in the energy sector called Peak Oil. An era when fossil fuel resources will be depleted and there is no way back to the old ways of energy production. A new method for generating electricity forever has been suggested in that companies can use renewable energy sources such as solar, wind, and hydro power to generate electricity which is cheaper than buying fossil fuels.
Humans use fossil fuels to generate electricity. However, once we run out of fossil fuels and our ability to produce more energy is limited, we will have to find a way to produce renewable energy using cheap solar and wind power. And soon enough – we will have no choice but to convert these renewable sources into cash by using them as an alternative source of income for people who were previously unable or unwilling to work with the energy sector due to its high economic costs.
On an average, the cost of energy from renewable sources will continue to decrease over time since it will be cheaper to store energy in batteries, solar panels, wind turbines and other forms of renewable energy.