Tag Archives: fossil fuels

The Big Question: Why are Electric Cars the More Sustainable Choice?

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By now, everyone living in the UK should be aware that by the end of 2030, non-electric passenger cars and light commercial vehicles will no longer be sold, imported, or manufactured in the country. Even though the plan seemed quite ambitious at the time of its announcement in 2020, recent stats tell us a different story altogether.

Why Electric Cars are the More Sustainable Choice

Excellent Sales Numbers Indicate Willingness to Welcome the Shift to EVs

According to data revealed by the UK Transport Department, the electric vehicle (EV) industry generated 173.5% more revenue during Q3, 2021, as compared to Q3, 2020. By the end of 2021, not only did the EV sector manage to sell the number of cars they needed in order to meet the necessary adoption curve, but they also exceeded their annual target by 60,000+ more electric vehicle sales.

Also Read: EV Uptake in Australia

These stats and figures more clearly indicate that people in the UK are both aware and willing to take the road needed for creating a more sustainable future for everyone. That being said, not everyone is ready or willing to support a shift to EVs yet. There are several social, economic, and political factors behind their unwillingness to adopt an electric car. Some of those causes are very real hurdles that the government hopes to overcome in the coming years.

Alongside other serious obstacles in the path of incomplete understanding of an EV’s benefits is a core problem that must be addressed. We are often informed that an electric vehicle is the more sustainable choice, but that statement is seldom explained properly. Whether you already own an electric vehicle or not, this post will help you understand why and how EVs are indeed the better choice for a cleaner, sustainable future.

Preparing for a Future without Fossil Fuels

More recently, the European Union (EU) has also declared its plans to slowly phase out fossil fuel vehicles by 2035. While we don’t yet have details regarding how they plan to go about it, it’s another step in the right direction. Despite the tremendous effort and investment it will take to create and maintain an automotive industry that’s not primarily reliant on fossil fuels, relevant governing authorities are still planning to go through with it. If successful, the entire movement will be tantamount to ushering in a new industrial revolution.

However, when multiple world governments decide in favour of reducing their dependence on non-renewable energy sources, the deeper implications are there for us to ascertain. People were running out of coal and petroleum from the very first day they started using it, but that time was still set in a very distant, vague future. As a result of globalisation, overpopulation, and over industrialisation, our energy consumption needs have increased beyond all previous estimations. Furthermore, that need continues to grow unchecked in several parts of the world. Consequently, we are now dangerously close to putting a date on a dystopian future!

It would take decades to build a reliable, new infrastructure that can effectively replace/reduce the need to rely on fossil fuels for an entire demographic. When the world finally runs out of easily accessible sources of fossil fuel, a well-developed alternative fuel industry must be present to keep us from reverting to the dark ages. Therefore, preparations to move away from non-renewable fuel sources must start now.

In conclusion, it can be said without a doubt that electric cars are the more sustainable and practical choice because that choice helps in building an infrastructure capable of surviving a future without easy access to petroleum. If we focus on the fact that running out of fossil fuels is an inevitability and not just a possibility, the current push towards adopting EVs begins to make a lot more sense.

That shift does not have to be difficult for anyone in the UK, although it may seem like a confusing change to many. Visit ElectriX to learn everything you need to learn about electric vehicles and find a good lease on your favourite model. They will even help you find cost-efficient insurance policies for your new EV. Leasing electric cars is the smarter choice right now because between now and 2030, EVs will improve exponentially with each passing year. A lease makes it much easier and more economic to shift to a newer, better, and more energy-efficient model, every time you need to.

electric-mobility-vacuum-technology

 

Decreased Contribution to Air Pollution

In 2020, the Covid-19 lockdowns reduced vehicle usage across the world. Just a few weeks of decreasing traffic saw nitrogenous air pollutants plummet down to unforeseen percentages in the UK, Italy, China, India, and pretty much the entire world. It was confirmed by NASA in 2021 that the earth’s ozone layer also started to repair itself during those same periods. Given that the ozone layer protects us from extremely dangerous and highly carcinogenic cosmic and solar radiation, that was a startling discovery for the scientific community. Despite the core reason behind the environmental improvements being a very undesirable and unfortunate one, these events did manage to reveal some undeniable facts in plain sight.

It seems that just a few weeks of reduced traffic can lead to massive improvements in air quality, climatic conditions, and even ozone repletion. Therefore, we can only imagine how positive it would be for the environment if we shifted permanently to electric vehicles. Over time, even the infamous London smog can be eliminated if the majority of all vehicles running on its streets did not emit toxic fumes anymore. It should also be noted that regular exposure to urban smog is officially documented by the European Environment Agency (EEA) as a confirmed reason for killing over 400,000 people in Europe every year.

advantages of electric cars

One may argue that electric cars have electric batteries, and they will contribute to the growing problem of dumping electronic junk in the future. It’s also true that electric cars are not completely emission-free either. In other words, EVs contribute to environmental pollution as well. This is, in fact, one of the chief arguments against adopting electric cars. However, that argument is not as valid as it may seem initially. The fact is that transportation across all formats is essential, and it cannot be stopped.

Therefore, the choice is about how we decide to power our vehicles and not whether we should be using vehicles. This leads us to an obvious comparison of available choices. Despite EVs also being responsible for harming the environment to some extent, that harm is almost negligible compared to the negative environmental effects of any vehicle running on fossil fuel.

Furthermore, we are close to reaching the peak of efficiency with combustion engines. This means that there’s not much that science can do at this point to make a traditional car engine more efficient than it is right now. On the other hand, we have only scratched the surface of what we can really do with electric car motors. In just a few years, electric vehicles will have more efficient, yet powerful electric engines, which will pollute even less than they do now. In other words, the electric vehicle is not just an eco-friendlier choice, but it is also our next step in automotive evolution.

Why You Should Install Solar Panels on Your Property

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Many people are now realizing the importance of using solar energy. Remember that solar energy has now become more common in renewable energy. Most homeowners are installing solar panels on their roofs so that they can benefit from solar energy. Both business owners and homeowners can take advantage of solar energy. Besides the obvious financial benefits, there are also various good reasons why it makes sense to use solar energy rather than fossil fuels. This post explains why you should install solar panels on your property.

beginners guide to renewable energy

Reduce energy bills

Regardless of where you live, there is always enough amount of sun that can power your home at net zero energy consumption. You can generate a lot more solar energy on warm spring days. Even better, on hot summer days, you can generate solar energy that can be enough to run your air conditioning system.

Even if you live in an area that is usually cloudy, you can still receive a couple of hours of sunlight each day. On the other hand, sunny areas can get at least 5.5 hours of sunlight each day. While sunny days can help to generate more solar energy, solar panels can keep on getting energy from the sun when it’s cloudy. Diffused or indirect sunlight can still assist to power your building. It’s worth mentioning that cloudy days can generate between 10 and 20 percent of the energy produced on sunny days. If you decide to install solar panels, you can visit 4 Solar Estimates for help.

You can start saving right away

You can spend a lot of money on your energy bills. Solar energy can lower or even eliminate these energy costs once you install the solar panels. Besides, they also give you long-term savings because it’s free to get power from the sun.

Also, solar panels can significantly increase the resale value of your property. Most home buyers understand the importance of having solar panels, especially when they don’t need to make any investment and installation. Solar panels can also extend the lifespan of your roof because they tend to protect it from the elements like snow, debris, and rain. Above all, they can make your home more energy-efficient during the summer since the sun doesn’t hit directly on your roof. Instead, the solar panels absorb the sun to keep your home’s temperature lower.

pros and cons of solar PV

Help the environment

Solar panels can get pure and clean energy from the sum. Therefore, you need to install panels so that your home can help fight greenhouse gas emissions and lower your dependence on fossil fuels. Electricity is usually produced from fossil fuels like natural gas and coal. When they burn fossil fuels to generate electricity, they produce harmful gasses that are the leading cause of air pollution.

Fossil fuels are not good for the environment, and they are also finite resources. Renewable energy can improve your health. On the other hand, natural gas and coal plants lead to water and air pollution that can harm you. Hence, you need to replace fossil fuels with solar energy.

Also Read: REC Solar Panels for Sustainable Home Energy

How Renewable Energy Manufacturing Has Become More Efficient

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The world knows renewable energy offers extensive, far-reaching benefits that can help mitigate climate change. If we want to make progress, we need to move away from fossil fuels permanently. That’s an issue where most people agree. It is now evident there is another argument for renewable energy besides sustainability. This option has become much more efficient, both production- and cost-wise. Let us explore how renewable energy manufacturing has become more efficient in recent years:

renewable-energy-harvesting

Production Innovations Boost Effectiveness

Consider how renewable energy was received publicly 10 or 15 years ago. It wasn’t exactly an avenue that most individuals or businesses knew existed. There have been various challenges regarding implementation across America. Hurdles like government support and wide-spread education are examples.

That’s changed as more information has been released about how fossil fuels negatively affect our planet. It’s now evident that renewable energy prospects continue to grow annually — even during COVID-19. That’s largely due to how production methods have transformed over the past several years.

The renewable energy industry can now manufacture sources through smarter means. For example, we used to harness wind power from land-based turbines. Those opportunities have expanded as offshore capabilities are now more mainstream. This innovative progress has become applicable to other sources, too.

These new ideas are significantly responsible for how renewable energy has become more efficient. If we never changed our manufacturing processes, we couldn’t produce renewable energy on a large enough scale. There’s no denying that continuous innovations will make choices like solar, hydro and geothermal increasingly accessible.

As a result, we can enjoy more options as consumers. There’s also cost to consider — which unquestionably determines how efficiently people view renewable energy. They need to be even cheaper than fossil fuels.

ecofriendly-manufacturing

Costs Are Lower Than Ever Before

It is important to highlight how renewable energy has turned into an affordable alternative. This cost-efficiency will be necessary to help people choose renewable energy sources over fossil fuels. There are many reasons why prices for eco-friendly power have fallen.

1. Subsidies

The most significant components are subsidies. These government-backed incentives help manufacturers switch to alternative energy sources for less money. It’s also evident that options exist for individuals and businesses. People can access tax incentives to support their sustainable power pursuits financially.

2. Non-Profit Organizations

There’s also help from green non-profit organizations. Take GRID Alternatives Mid-Atlantic as an example. They provide free solar panel installation to households that can’t otherwise afford renewable energy. That’s a useful resource to help drive accessibility to these alternatives.

3. Investments

What about renewable energy investments? These endeavors are more prevalent than ever. If our country’s most influential figures put their money in renewable energy, we can expect to pay less for green power. Texas has the lowest energy costs in America — and they also use the most wind power. That’s not a coincidence.

These three points ensure that renewable energy becomes more affordable yearly. Various entities need to work together to ensure that sustainable options are accessible. They need to be more available than fossil fuels to ensure they catch on as alternatives.

Future of Renewable Energy Manufacturing

There’s a bright future for renewable energy. As a result of innovative and cost-effective manufacturing progress, Americans now have access to various eco-friendly power sources. If we can keep making strides regarding production, we should be able to create renewable energy on a far-reaching scale.

This process won’t happen overnight. It’s taken decades for renewable energy to be seen as even a viable alternative to harmful fossil fuels. But we’re in an ideal place right now. It shouldn’t be long before renewable energy becomes even more efficient. There’ll then be no excuse for people to keep using fossil fuels.

Biomethane from Food Waste: A Window of Opportunity

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For most of the world, reusing our food waste is limited to a compost pile and a home garden. While this isn’t a bad thing – it can be a great way to provide natural fertilizer for our home-grown produce and flower beds – it is fairly limited in its execution. Biomethane from food waste is an interesting idea which can be implemented in communities notorious for generating food wastes on a massive scale. Infact, the European Union is looking for a new way to reuse the millions of tons of food waste that are produced ever year in its member countries – and biomethane could be the way to go.

food-waste-behavior

Bin2Grid

The Bin2Grid project is designed to make use of the 88 million tons of food waste that are produced in the European Union every year. For the past two years, the program has focused on collecting the food waste and unwanted or unsold produce, and converting it, first to biogas and then later to biomethane. This biomethane was used to supply fueling stations in the program’s pilot cities – Paris, Malaga, Zagreb and Skopje.

Biomethane could potentially replace fossil fuels, but how viable is it when so many people still have cars that run on gasoline?

The Benefits of Biomethane

Harvesting fossil fuels is naturally detrimental to the environment. The crude oil needs to be pulled from the earth, transported and processed before it can be used.  It is a finite resource and experts estimate that we will exhaust all of our oil, gas and coal deposits by 2088.

Biomethane, on the other hand, is a sustainable and renewable resource – there is a nearly endless supply of food waste across the globe and by converting it to biomethane, we could potentially eliminate our dependence on our ever-shrinking supply of fossil fuels. Some companies, like ABP Food Group, even have anaerobic digestion facilities to convert waste into heat, power and biomethane.

Neutral Waste

While it is true that biomethane still releases CO2 into the atmosphere while burned, it is a neutral kind of waste. Just hear us out. The biggest difference between burning fossil fuels and burning biomethane is that the CO2 that was trapped in fossil fuels was trapped there millions of years ago.  The CO2 in biomethane is just the CO2 that was trapped while the plants that make up the fuel were alive.

Biofuel in all its forms has a bit of a negative reputation – namely, farmers deforesting areas and removing trees that store and convert CO2 in favor of planting crops specifically for conversion into biofuel or biomethane. This is one way that anti-biofuel and pro-fossil fuel lobbyists argue against the implementation of these sort of biomethane projects – but they couldn’t be more wrong, especially with the use of food waste for conversion into useful and clean energy.

Using biogas is a great way to reduce your fuel costs as well as reuse materials that would otherwise be wasted or introduced into the environment. Upgrading biogas into biomethane isn’t possible at home at this point, but it could be in the future.

If the test cities in the European Union prove successful, biomethane made from food wastes could potentially change the way we think of fuel sources.  It could also provide alternative fuel sources for areas where fossil fuels are too expensive or unavailable. We’ve got our fingers crossed that it works out well – if for no other reason that it could help us get away from our dependence on finite fossil fuel resources.

What Is The Environmental Impact Of Cryptocurrency?

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The negative environmental impact of cryptocurrency mining is significant, and the problem is only getting worse. Bitcoin Motion uses a lot of energy, which means that it consumes a lot of natural resources. The need for these natural resources in the ever evolving success marked by the bitcoin period is increasing as more and more people are taking up cryptocurrency mining as a hobby or profession. As a result of this increased demand for resources, there have been some severe consequences for the environment.

Reasons Why Popularity Of Bitcoin Is Getting On Its Peak

Cryptocurrency mining is a process that involves the use of heavy-duty computers to solve complex mathematical equations. The reward for solving these equations is cryptocurrency, which can then be exchanged for goods and services. While the benefits of cryptocurrency mining are obvious, it helps you rise your income potential! So, are you ready to scale up your investment journey with bitcoin trading platform, we have every cryptocurrency you are looking for.

The mining equipment used in this process uses a lot of electricity, which means that there is high carbon emission associated with it. Mining operations are very energy intensive, as they require cooling systems and high levels of computing power. The main reason why cryptocurrency mining uses so much electricity is because it requires specialized hardware that are designed specifically to solve algorithms and crunch data.

Each ASIC is customized to perform these tasks more efficiently than conventional processors, but they require an incredible amount of power to operate – and this means that they run hot enough to need active cooling systems, which generate heat themselves and require even more electricity than normal operations would need on their own.

Additionally, mining operations can have an impact on pollution levels in nearby areas due to the release of toxic chemicals from cooling systems used in these operations. These chemicals include:

  • Arsenic compounds from cooling water treatment plants
  • Mercury compounds from fluorescent lights in data centers
  • Cadmium compounds from batteries used for backup power supplies in data centers

Consequences of Crypto Mining

The rise of cryptocurrency mining has come with some serious environmental consequences:

  1. Depletion of natural fuels: Because cryptocurrency mining relies on using a lot of electricity, this has caused coal production to increase, which in turn leads to an increase in the use of fossil fuels. This also creates an increase in carbon emissions and pollution. Mining Bitcoin is a costly process. It requires huge amounts of energy to complete the complex calculations required to mine each block. This has led to an increase in mining farms that rely on renewable energy, as well as an increase in the use of hydroelectric power stations.
  2. High carbon emission: The CO2 emissions produced by cryptocurrency mining are increasing at such a rapid rate that they are outgrowing other sources such as transportation and manufacturing. This is having a negative impact on the environment and is also causing global warming, which can lead to more severe weather conditions like hurricanes or tornadoes, as well as rising sea levels which will affect coastal areas around the world. However, this is not enough to counteract the environmental impact of cryptocurrency mining. The carbon emissions generated by a single transaction are estimated to be around 3 kg CO2—or about as much as driving 15 miles in an average vehicle.
  3. Increased pollution: As mentioned above, there are lots of CO2 emissions being released into the atmosphere because of cryptocurrency mining activities; these emissions cause smog which can lead to respiratory problems such as asthma attacks or chronic obstructive pulmonary disease (COPD). This is combined with high levels of pollution from other sources such as coal-powered plants and smokestacks from factories. Mining operations also cause environmental damage through deforestation and habitat destruction for endangered species such as tigers and rhinos. Another source of pollution comes from mercury which can cause brain damage if ingested orally or absorbed through skin contact; this substance is found in many types of electronics like smartphones and laptops that people use every day without knowing how dangerous it really is!

crypto mining in Armenia

The way ahead

The world of cryptocurrency mining is not a friendly one for the environment. Mining uses an enormous amount of electricity, which is generated by burning fossil fuels. This results in high carbon emissions as well as other forms of pollution. Additionally, mining requires a lot of resources to keep up with the demand for new coins and tokens.

Mining also creates waste products such as heat sinks that contain metal particles from soldering; these can be recycled into new products like jewelry or other metal objects when they’re no longer usable for their original purpose.

4 Ways Off-Grid Solar Systems Benefit Today’s Eco-Conscious Families

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Within the past decade we have been hearing more and more about global warming and the need to invest in alternative sources of energy. We have been hearing about the need to reduce our carbon footprint to what is being termed as Net Zero, especially in corporate and government environments. They’ve set a target date of 2050 which is less than three decades from now but is that a realistic goal when little is being done to reduce the carbon footprint within the population at large?

Do we have sufficient sources of renewable energy to meet those goals? As it stands, probably not. This is why it is so important for today’s homeowners to understand all the benefits of alternative power such as off-grid solar systems. They provide benefits above and beyond sustainability. Here are the benefits of adopting off-grid solar systems:

benefits of going off-grid

1. Beyond the Conservation Concept

Today’s eco-conscious families have been told over and over to conserve energy. We are sold energy-efficient appliances and lighting solutions. Even so, those still draw energy from the grid and that means fossil fuels are still being utilised in some way. According to Arizon Australia, an off-grid solar system provider, if every home in Australia had renewable energy, then conservation would no longer be an issue in terms of electricity.

2. Less Dependence on the Rising Costs of Fossil Fuels

If you have recently noticed your power bill on the rise, it is almost certainly the result of the high cost of crude. While reducing your dependence on power generated all, or in part, by fossil fuels, you will be saving your family a healthy amount of money over time. Just the savings on the rising cost of fossil fuels is a major savings in itself because the prices power companies pay for crude are on the rise. Actually, you are paying for that with those higher bills!

3. No More Power Bills!

You might want to, at this point, calculate what you spend on electricity in a year’s time and then weigh that against the cost of an off-grid solar system. Within a short period of time, you will be realising a 100% savings in electricity because the sun doesn’t charge you!

Once the cost of that system is paid in full based on what you would have been spending on power, you are going forward into your future never again being billed for electricity!

Trends in Solar Energy Technology

4. Safe During Blackouts on the Grid

There is always a danger of hackers with nefarious intent shutting down the grid. It has happened and it will continue to be a concern because hackers seem to stay one step ahead of computer security software. Then there are natural disasters that can take down the grid for an extended period of time while lines are replaced, best case scenario. What happens when the power plant itself sustains damage that will take months to bring up to its current level of operation? No, it isn’t something out of a dystopian sci-fi flick. It’s a real concern that isn’t easily addressed.

Today’s homeowners are left vulnerable in a number of ways, the greatest of which is probably cost and second to that uninterrupted service. While doing something to reduce our carbon footprint you will realise benefits above and beyond what you had imagined. Isn’t it time you invested in your family rather than Big Oil in which you will get no return on your investment? We believe it is.

Biomass Energy Scenario in Southeast Asia

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There is immense potential of biomass energy in Southeast Asia due to plentiful supply of diverse forms of biomass wastes including agricultural residues, agro-industrial wastes, woody biomass, animal wastes, municipal solid waste, etc. Southeast Asia is a big producer of wood and agricultural products which, when processed in industries, produces large amounts of biomass residues.

The rapid economic growth and industrialization in Southeast Asian region is characterized by a significant gap between energy supply and demand. The energy demand in the region is expected to grow rapidly in the coming years which will have a profound impact on the global energy market. In addition, the region has many locations with high population density, which makes public health vulnerable to the pollution caused by fossil fuels.

biomass_resources

Another important rationale for transition from fossil-fuel-based energy systems to renewable ones arises out of observed and projected impacts of climate change. Due to the rising share of greenhouse gas emissions from Asia, it is imperative on all Asian countries to promote sustainable energy to significantly reduce GHGs emissions and foster sustainable energy trends. Rising proportion of greenhouse gas emissions is causing large-scale ecological degradation, particularly in coastal and forest ecosystems, which may further deteriorate environmental sustainability in the region.

The reliance on conventional energy sources can be substantially reduced as the Southeast Asian region is one of the leading producers of biomass resources in the world. Southeast Asia, with its abundant biomass resources, holds a strategic position in the global biomass energy atlas.

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Palm kernel shells is an abundant biomass resource in Southeast Asia

According to conservative estimates, the amount of biomass residues generated from sugar, rice and palm oil mills is more than 200-230 million tons per year which corresponds to cogeneration potential of 16-19 GW. Woody biomass is a good energy resource due to presence of large number of forests and wood processing industries in the region.

The prospects of biogas power generation are also high in the region due to the presence of well-established food processing, agricultural and dairy industries. Another important biomass resource is contributed by municipal solid wastes in heavily populated urban areas.

In addition, there are increasing efforts from the public and private sectors to develop biomass energy systems for efficient biofuel production, e.g. biodiesel and bioethanol. The rapid economic growth and industrialization in Southeast Asia has accelerated the drive to implement the latest biomass energy technologies in order to tap the unharnessed potential of biomass resources, thereby making a significant contribution to the regional energy mix.

How Green Financing is Changing the Renewable Energy Market?

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Growing interest in renewables is rapidly changing how energy projects are financed in America and around the world.

One of the biggest shifts has been an influx in outside money into the industry in the form of “green financing” — bonds, loans and other assets earmarked for renewable energy projects around the world.

The rise of the green financing market shows how investors are starting to take renewables more seriously — and it could signal a major transformation of the renewable energy market over the next few years.

Green Finance

Green Financing May Accelerate Renewable Energy Projects

Green financing is a catch-all term for investment in financial vehicles related to renewables and other green industries. Assets, bonds and funds related to renewable energy and other green investments make up the green financing market. In recent years, a robust green financing market has become widely viewed as essential to accelerating the development of new renewable energy technology projects.

Green finance is growing fast. In 2012, the sustainable debt market — including “green” and sustainable bonds and loans — was worth only around $10 billion, according to data from BloombergNEF. In 2018, just six years later, the market was worth nearly $250 billion.

Most of these gains came in the form of new green bonds (sometimes also called “climate bonds”), which are fixed-income investments designed to raise money for new renewable energy projects.

The growth of green financing represents a slow but noticeable divestment away from fossil fuels.

The pivot may also represent a change in how businesses are structured. The growing popularity of bonds as an investment vehicle may enable community co-ops rather than corporations to become a more viable business model for renewable energy providers. For example, the Westmill Solar Cooperative in the United Kingdom has raised more than £6 million ($7.94 million) through bonds offered to investors.

While coil, oil and natural gas are likely to remain a good investment in the short-term, the strength of the green financing market does seem like a signal that, over the next 10 to 20 years, non-renewables will become less and less tempting for investors compared to renewable and sustainable investments.

How Green Financing May Change Energy Around the World?

As the green finance market grows, regulators are beginning to codify what counts as a green investment.

In the EU, for example, regulators recently debated whether plastics manufactured from entirely recycled materials could count as a “sustainable” investment under European finance laws.

These new definitions and regulations may determine which industries receive major funding and which are left out of the green financing boom.

Nuclear energy, for example, is generally not regarded as renewable energy, but is sometimes considered sustainable. Nuclear power plants generate waste, but they also produce zero emissions, unlike fossil fuel-fired power plants.

Natural gas is also not considered renewable or sustainable, as it is a fossil fuel and produces significant carbon emissions when burned for power. However, some proponents of the energy source argue that it should be considered sustainable, as it produces significantly less carbon dioxide than similar fossil fuels.

green-financing

In 2019, EU regulators reached a deadlock over whether or not nuclear and natural gas power plants should count as sustainable investments. In a final compromise, EU lawmakers ruled that both nuclear and natural gas projects were neither included nor excluded in the definition of sustainable by default. Instead, projects would need to prove that they “do no harm” on a case-by-case basis.

Similar rulings and legal challenges could shape the future of energy as governments around the world grapple with the challenge of shifting away from fossil fuels.

A Coming Sustainable Energy Revolution

The rise of the green finance market may change what alternative energy looks like around the world. Legal debates over what should count as “renewable” or “sustainable” may affect which projects receive funding, while bonds and loans may make community cooperatives that provide renewable energy more practical.

As fossil fuels become less attractive to investors and the renewable energy market grows, green financing is likely to have major impacts on the future of renewables.

More Reasons To Check Out Alternative Energy Sources

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In recent years, the world has seen significant economic progress, which greatly relied on energy fueled by coal and petroleum among others. With the continuously growing demand for energy, it is a fact that these energy sources may be depleted in the near future. Apart from this, there are several other reasons why humankind already needs to find alternative energy sources.

Global Warming

It is a known fact that different manufacturing processes and human activities, such as using vehicles, cause pollution in the atmosphere by releasing carbon dioxide. Carbon dioxide traps heat in the earth, and this phenomenon is known as global warming. Global warming has several harmful impacts such as stronger and more frequent storms, as well as drought and heat waves. Renewable energy sources such as wind, solar, geothermal, hydroelectric, and biomass to name a few, all generate minimal global warming emissions.

Wind power, for instance, has the capability to supply energy with a significantly lower emission compared to burning coal for fuel. This is the reason why wind energy is more beneficial compared to carbon-intensive energy sources. Still, the emissions generated by wind power are even lower compared to other renewable energy sources such as solar, geothermal, and hydroelectric power sources. This makes a huge potential for wind power to sustain the world’s energy demands, while preserving the environment.

Public Health

It goes without saying that the pollution caused by burning coal and fuel not only has an environmental impact, but it also has a significant effect on public health. Various diseases and ailments can be attributed to pollution, which usually affects the respiratory tract. Contaminated water also causes various bacterial infections. Wind power, solar energy, and hydroelectric systems have the capability to generate electricity without emitting air pollutants.

Additionally, wind and solar energy sources do not need water to operate, thereby, eliminating the probability of polluting water resources. Clean air and water that is free from pollutants, will have a significant positive impact on public health.

Constant Energy Source

While coal and fossil fuels are on the threshold of depletion, renewable energy sources are inexhaustible. Wind can be a constant energy source and no matter how high the demand for energy will be, the wind will not be depleted. In the same manner, as long as the sun shines bright on earth, there will always be an abundant solar energy source.

Fast-moving water that can be translated into hydroelectric energy, the earth’s heat that can be converted into a geothermal power source, as well as abundant plant matter that can be used as biomass, can all be constantly replenished. These can never be fully exhausted no matter how great the energy demand will be. The utilization of a combination of each of these energy sources will prove to be even more beneficial. Additionally, with its continued use, there will no longer be a need for combustible energy sources.

Lower Energy Costs

The cost of electricity continues to be a burden on the earth’s greater population. The use of renewable energy sources to light up the earth is considerably cheaper and inexpensive compared to the cost of burning fossil fuels for electricity and other energy needs. Apart from a cheaper cost, renewable energy sources can help stabilize to cost of energy in the long run, with an unlimited supply being able to cater to greater demand. Don’t forget to obtain more information on the size of solar energy system you need for your home.

While it cannot be denied that setting up clean energy technologies comes with a cost, it can be noted that the cost of its operation is significantly lower. Conversely, the cost of coal and fossil fuels for energy consumption fluctuates over a wide range and is greatly affected by the economic and political conditions of its country of origin.

Economic Benefits

Fossil fuel technologies, often, revolve around the capitalistic market. Hence, the use of combustible fuels is often linked to unfavorable labor conditions, and even child labor and slavery. On the other hand, the use of renewable energy sources provides decent jobs, contributing to several economic benefits and aids in decarbonizing the future.

For instance, workers are needed to install and maintain solar panels. In the same manner, wind farms employ technicians for maintenance. Thus, jobs are created directly in parallel with the unit of energy produced. This means that more jobs will be produced if more renewable energy sources are utilized.

Reliability

Clean energy sources, specifically wind and solar power, are less susceptible to large-scale failures. The reason behind this is that both wind and solar power both employ distributed and modular systems. This means that electricity will not be totally cut off in instances of extreme weather conditions because the energy sources powering up the electricity is spread out over a wider geographical area. In the same manner, there will still be a continuous supply of energy even if certain equipment in the entire system is damaged because clean fuel technologies are made up of modules such as a number of individual wind turbines or solar panels.

With all the reasons to check out alternative energy sources, it still holds true that there remain several barriers that hinder the full implementation of renewable energy technologies. Some of these challenges are capital costs because of reliability misconceptions, as well as a difficult market entry due to an unequal playing field.

Because renewable energy sources are cheap to operate, the bulk of the expenses in its implementation is building the technology. Thereby, the rate of return for capitalists and investors in the market entails a longer waiting period. Adding to this barrier is the hidden political agenda that most governments need to overcome. Many governments offer grants to help with this growth and rate or return.

Economic progress and advancement in technology are not at all bad. On the contrary, it has brought forth a lot of benefits such as cures for ailments and diseases, resources for deep-sea or space explorations, as well as meaningful collaboration and communication. However, this progress came with a price, and unfortunately, it’s the world’s energy resources that are on the brink of exhaustion. Hence, mitigation has been already necessary and finding alternative energy sources is just one of the probable solutions.