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[Thematic Report] [Renewable Energy] |
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by Jaewon Chang | 25-11-2019 11:12
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Our current dependence on non renewable energy sources such as natural gas, oil and coal have driven global warming worldwide. Countries have been attempting to change their energy productions methods to renewable, clean methodologies such as wind energy, solar energy, and hydro energy. The biggest concern associated with the reliance on renewable energy sources is often the cost. The thought of spending more money to produce an equal amount of energy has limited many countries from completely relying on renewable energy sources.
However, new research suggests that renewable energy can prove to be more cost-effective in the long run. The cost of wind power was $30-$60 per megawatt hour, and larger scaled solar panels had been $43-$53 per megawatt hour. When comparing these values to the cost of most efficient natural gas energy sources (around $42-$78 per megawatt hour), there is a clear discrepancy. The cost should not be a limiting factor in the conversion to a perfectly renewable energy source. Countries will continue exploring new methods of decreasing the cost of renewable energy sources to make renewable energy a more viable option in comparison to non-renewable energy. We must also take into account the importance of renewable energy sources in the modern era. With the issue of global warming being prevalent, the need for clean, renewable energy sources will increase. Governments around the world have attempted to increase the usage of renewable energy sources through policies, such as a tax on carbon or implementing a cap and trade policy. These actions have resulted in a decreased consumption of non-renewable energy sources. Ultimately, it is necessary for us to acknowledge the importance of renewable energy in our lives and we must strive to achieve a greener world.
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3 Comments
Hello Jae Won
It's good that the price of the renewable energy is now competitive with the price of fossil fuels. I'm sure that many problems in implementing the renewable energy can be solved if the price issue is resolved. Another problem concerned with renewable energy is that it's limitations in installation and generation. For example, solar power plants should be installed in huge region with strong sun light and in can generate electricity only in the morning, whereas the generation from the fossil fuels continue endlessly. Even with these issues, transition to renewable energy will definitely happen and it will make greener earth.
Thank you for the great report.
Keep up the great work.
Posted 30-11-2019 01:36
Hello Jaewon!!
I hope you are fine and doing great.
Thank you for writing informative piece of writing.
Keep writing and shining
Hope to know more from you.
Warm regards,
MEena.
Posted 26-11-2019 13:42
Hello Jeewon
I do hope that you are fine and doing great with your works.
Thank you for your report about renewable energy
Green Cheers from Nepal :)
Keep writing great reports.
We are eager to read more reports from you.
Regards,
Kushal Naharki
Posted 26-11-2019 00:43