ecofriend.com

The renewable energy revolution has arrived – Are you game?

wind mill

With thousands of green initiatives taken every day, it is not far away that the renewable energy revolution arrives in this world. Soon, we will see fossil fuels being replaced by cleaner renewable sources of energy. Here are some of the major indicators that point toward the occurrence of this revolution in near future.

Lower costs

Woman holding dollar bills

Over the last few decades, the costs of equipment and panels to generate cleaner energy from solar and wind power has declined to a great extent. It has become so much easier and cheaper to install photovoltaic panels and windmills. Thus, a global adoption of renewables is observed with an increased number of installations.

Adoption of wind power

Wind turbines at a burning sunset

Many government policies across the world have started favoring the generation and use of wind power. This has again happened due to the lowered costs of wind farm setup. It has led to the growth of wind power capacity by a significant amount. In fact, it has also exceeded solar power capacity in many countries.

Growing investment and government support

Savings protection

While several governments have been working on new policies in favor of renewables, many major investors have also started turning toward investing in the renewable sources of energy. Considering the growing dangers of depleting fossil fuels and unclean environment, governments and investors have been shifting their attitudes.

Dropping use of coal

burning fire

The use of coal has seen a major decline in American markets. The country has closed many of its coal plants and has been looking for alternative energy sources that are safer for the environment. The same trend is being noticed all across the world.

Declining value of nuclear

Atomkraftwerk

As coal use has been declining, so is the use of nuclear sources of energy. While nuclear is very expensive to be afforded by even richer countries, the major thing leading to its decreased usage is its danger for the environment and human beings. Thus, such widespread issues are making it a concern across the globe.

Declining make of oil-based transport

Eco-friendly car

As people are becoming more aware of bike or car share programs to save the environment, they are also turning toward electric vehicles and such other greener options. Thus, transportation is also observing a shift from oil to electric.

As the cost of solar and wind power generation is reducing and the use of coal, oil and nuclear is going down, we can also notice increasing investments and government support in the renewables sector. This is a solid indicator toward a future renewables revolution.

Today's Top Articles:

Scroll to Top