Sustained Growth of Green Energy Economics

International Journal of Inventive Engineering and Sciences (IJIES), 2 (4): 16-18 (March 2014)


Energy is one of the critical inputs for economic development of any Country. In order to overcome the present energy scenario problems, energy should be conserved and since we are consuming disproportionate amount of energy that day is not far when all our Non-Renewable resources will expire forcing us to rely just on Renewable Sources. These non renewable sources of energy will not last forever and are proven contributors to environmental degradation. This has led to governments and industries around the globe thinking seriously about alternative energy sources. This along with declining availability of the fossil fuels have led to the development of renewable energy resources such as Biomass, Bio fuels, Wind, Solar, Geothermal, and Hydro energy etc. Current global trends in energy supply and consumption are not sustainable – environmentally, economically, socially but this situation can be changed if we can secure the supply of reliable and affordable energy and effect a rapid transformation to a low-carbon, efficient and environmentally benign system of energy supply. Since exhaustible energy sources are limited, there is an urgent need to focus attention on development of renewable energy sources and use of energy efficient technologies. It is estimated that renewable energy could contribute to at least half of all electric power in each of the large economies by 2050. This Paper emphasis on the various types of modern energy generation techniques and cost analysis as well as economics from Biomass. Biomass is biological material derived from living, or recently living organisms, such as wood, waste, hydrogen gas, and alcohol fuels. Correctly managed, biomass is a sustainable fuel that can deliver a significant reduction in net carbon emissions when compared with fossil fuels



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