Will Renewable Energy Fuel the future?
We are now experiencing the evolution of Energy. We are now in the 3rd phase of the industrial revolution that will reshape our world with renewable energy. Renewable energy is energy derived from natural sources that are replenished at a higher rate than they are consumed. During this stage of the industrial revolution, we are shifting away from Fossil fuels such as coal, oil, and gas. However, non-renewable resources take hundreds of millions of years to form. Fossil fuels, when burned to produce energy, cause harmful greenhouse gas emissions, such as carbon dioxide.
Generating renewable energy creates far lower emissions than burning fossil fuels. Transitioning from fossil fuels, which currently account for the lion’s share of emissions, to renewable energy is key to addressing the climate crisis which is why solar is powerful. Solar Renewable Energy is natural, getting exposure from the sun, and whilst cheaper to maintain.
Due to Inflation, we are seeing millions of people being affected by soaring Utility costs, from energy companies across the world raising the interest rates on electricity and energy. For example, Georgia Power raised interest Rates by over 12% in the summer of 2023 and is looking to raise interest rates by another 24% over the next 2-3 years which ultimately leads to people dishing out more money than they can afford on utilities. However renewable energy and solar will provide many people with cost-effective solutions that will grant ownership and peace of mind.
With that being said Do you think Renewable Energy will fuel the future?