The future of energy production depends on the latest in renewable energy research. From wind to solar to biofuels, researchers continue to perfect and advance these technologies to create more efficient and cost-effective ways of producing electricity.
Impact on the Environment
It’s also worth noting that solar and wind power have minimal environmental impact, which will become more and more important as time goes on. Pollution from coal and natural gas is one of our biggest environmental concerns today, and carbon emissions are already causing changes to our planet. If you’re looking for a cleaner option for your energy needs, it’s hard to beat renewables.
The U.S. government offers a slew of tax credits, rebates and grants to help homeowners pay for renewable energy products like solar panels or wind turbines.
There are two main types of renewable energy, renewables and alternative. Renewables include solar, wind, hydroelectric and geothermal power sources while alternative includes biomass, biofuels and some waste products. These two terms can be confusing since alternative doesn’t necessarily mean it is an alternative to something else; rather that it is a secondary source of energy.
Saudi Arabia had invested $1.7 billion into a solar energy project that had been expected to produce three gigawatts of power by 2020. The initial investment would go toward engineering, procurement and construction efforts for a series of PV solar plants. A company based in Washington had announced plans to double its renewable-energy capacity to over 3 gigawatts by 2016 through both acquisitions and organic projects. However, regulators took issue with some of its investments.
According to the CEO of BlackRock, Larry Fink, the next 1,000 unicorns will not be search engines or social media companies; instead, they will be sustainable, scalable innovators – startups that help the globe decarbonize while making the energy transition affordable to all consumers. He believes that we must be open and honest about the fact that green products are sometimes more expensive nowadays. For a smooth and equitable transition, lowering the green premium will be critical. The total value of sustainable investments has already surpassed $4 trillion.