Renewable energy is said to be the way to save the future. There are ongoing studies to further the validity and purpose of renewable energy to convince not only companies but nations to invest more in the field. Here are the top reasons why renewable energy is more important than ever these days.
Affordable and Safe Energy
Millions of people across the globe are struggling to pay their monthly electricity bill. It is also very common for many people to deal with sudden increase in their electricity bills every month. This can be a big issue for many countries.
Renewable energies are not only inexhaustible and clean but they are also more affordable and safe. The biggest attribute of renewable energy is that it does not produce greenhouse gases.
Renewable energy is sustainable because it is good for the environment as well as for consumers. In 2040, the International Energy Agency forecasted an 70% increase in electricity demand across the globe. We can’t continue going with what we have today and there is a need to shift or better yet, transform our ways.
It is also important to note that wind and solar photovoltaic energies are increasingly competitive as they are drastically reducing energy costs.
Minimize Energy Dependence
There are different definitions for energy dependence. But for context, in this article, energy dependence means relying solely on fossil fuels which is not good for the future. Countries need to be expansive when it comes to energy. This can be done by using, producing, and distributing clean and renewable energies such as wind, solar, hydroelectric, biomass and biogas, bioethanol, biodiesel, geothermal, and tidal.
We truly believe that promoting these types of renewable energy will progress the future of mankind is many ways. The most talked about types of renewable energy right now in Canada is hydroelectric energy or hydraulic. This energy is obtained from rivers as well as other freshwater currents.
Canada is now the second largest producer of hydroelectric energy across the globe. There is ongoing research studies on how to further its production and distribution.
Renewable energy is bigger and more labor intensive compared to its counterparts, mostly fossil fuel. Promoting renewable energy means pushing for the creation of more job opportunities for millions of people.
More and more countries, like Canada are seeing employment value in investing in renewable energy. There are also clear signs of positive ripple effects down the renewable energy supply chain. In Canada, more households are benefitting from this industry due to an increase in incomes.
The Canadian government is now looking to inject more money to further research and development into the renewable energy industry. One great development is that Alberta just joined other provinces in the research and development of Small Modular Reactors. The success of this means providing much needed energy in remote areas across the country.
In a nutshell
Several companies are now contributing to the development of renewable energy here in Canada. The continuous growth of the renewable energy not only in Canada but throughout the globe will without a doubt create a better future for our children and grandchildren. Subscribe to Insightwest for more.