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Are you looking for essay on clean energy or renewable energy?
In our earlier post entitled “Facts about Clean/Renewable Energy” we mentioned about 7 facts relative to the development of clean/renewable energy. In general, we expressed positive news about the rapid rise in investment on clean energy. We also stressed that it is possible that in the near future clean energy can directly compete with fossil fuels like coal, gas and oil.
However, this does not mean that there are no more stumbling blocks on the way to cleaner and greener Earth. It is also a reality that clean energy requires investment from the government. In view of the faltering global economy and financial markets, investment on clean/renewable energy may take a back seat in the agenda of different countries.
Alternative energy is vulnerable in a downturn because it depends on subsidies from cash-strapped governments, while some technologies are viewed as risky, fossil fuel prices have fallen, and as climate change slips down the global agenda,” said Nina Chestney of Reuters.
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Are you a fan of clean/renewable energy? If you are looking for solid facts on your essay on renewable energy, below is a list of facts on the development of renewable energy in the world based on studies conducted by Phillis Cuttino and Michael Liebreich
Facts about Renewable Energy:
According to Phyllis Cuttino, director of the Clean Energy Program at the Pew Charitable Trusts and Michael Liebreich, CEO of Bloomberg New Energy Finance, worldwide installed capacity of renewable energy has now surpassed that of nuclear power.
Global investment in clear energy increased by $243 billion in 2010 up by 30% from the previous year.
In less than a decade clean energy has grown from a niche industry to a significant source of trade, investment, manufacturing and job creation.
Wind energy is already competitively priced and has attracted half of all G-20 clean energy investments in recent years.
The solar sector is the fastest growing clean energy industry because prices of solar panels have declined by more than 60% in the last thirty months. Solar modules are also expected to cost half as much as they did four years ago.
Europe continues to lead the world in investments attracting $94.4 billion in 2010. Investment in Germany more than doubled to $41.2 billion. The United States is in third while Italy obtained the fourth slot with $14 billion investment. France is in fifty with $4 billion.
Europe’s global clean energy investment is now being challenged by Asia. In Asia, China is the world leader attracting $54.4 billion in investment in 2010.
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It has been established that human practices contribute to the rapid degradation of the natural environment. To counteract the effect of human practices on the environment, efforts are being made to reduce the world’s dependence on oil and gas. It has been found that reducing the dependence on oil and gas will also reduce the greenhouse gas emissions in the air. The focus on renewable sources of energy such as the wind energy is considered one of the key steps in helping protect the environment.
The power of the wind can produce enough energy to supply the needs of the modern society. It can provide the people with the energy needed to sustain the economy without generating hazardous wastes, damaging the environment and depleting the natural resources. Because renewable sources of energy are the present trend many wind energy companies are growing fast to meet the world’s demand for clean and renewable energy.
There are a number of ways by which the wind energy can benefit the economy. First, companies can save a lot of money from the use of wind power. When companies have savings they do not as a matter of practice let the money stay deposited in banks. Rather, the companies use the savings to improve its business, expand and generate more jobs. The end-users and consumers are also benefited form the savings. Consumers can use the savings from the use of the wind power to buy more goods and services. As people save more they can spend more to buy other goods and services. The improvement in the purchasing power will directly benefit the producer and seller of goods and services. Ultimately, there will be more money will circulate in the country.
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While the growth of the wind energy companies will result to the displacement of workers in non-renewable energy sector in the near future, the growth of the wind energy companies will more than make up for the lost jobs. According to Carolyn Chase, the 86,000 jobs in manufacturing and installation of wind turbines in 1999 have more than doubled in the last two years. It is also estimated that wind power will account for 10% of all the electricity generation and employ 1.7 million workers. The jobs that will be created can replace the jobs that will be lost when dependence on oil and gas has been reduced. According to studies, wind power has the potential of creating more jobs than power generation from fossil fuels. (L. Weischer, 2010, p.1) Since it is more labor-intensive it can create jobs in the fields of manufacturing, engineering, technology and services.
It is envisioned that in the future there will be a rapid growth on the jobs that provide renewable sources of energy. It will be the trend of the future. The focus on non-renewable sources of energy will be the emphasis of the entire world as the phenomenon of global warming continues. As the world looks toward renewable sources of energy wind energy companies are poised to become the leading renewable source of energy. Consequently, the companies which are leading the way on the use of renewable sources of energy will become bigger in the future. Moreover, wind energy companies can sell their services to other countries which are still unfamiliar with this technology. When the international family of nations has come up with treaties requiring its member countries to come up with their own policies on renewable sources of energy, wind energy companies may be able to market their products and services to countries which are unfamiliar with this technology.
As of now, the countries are yet to fully exploit the potentials of the wind energy. In the coming years, as the demand for renewable sources of energy become the subject of many discussions all over the world because of environment degradation, wind energy companies are poised to help the economy generate more jobs and improve the people’s purchasing power.
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