Thursday, 20 March 2014

Renewable energy on the rise

Renewable energy is generally defined as energy that comes from resources which are naturally found on the earth such as sunlight, wind, rain, tides, waves and geothermal heat.
This green energy is growing fast around the world. Developing countries are building more wind, solar and hydro-electric power plants to meet rising power demand and combat local pollution problems. And the costs of renewables are falling below the cost of traditional power sources such as coal, natural gas and oil in some markets with high-priced power.
Renewable power, including hydropower, is the fastest-growing power generation sector and it is expected to increase by 40 percent in the next five years. Renewable energy has a great potential to help countries become less dependent on energy imports.
India has set a target of 29.8 gigawatts in additional renewable energy capacity by the end of 2017, taking its total to almost 55GW.
By increasing renewable energy, we can reduce air pollution, Cut global warming emissions, Decrease dependence on coal and other fossil fuels.
Appropriate government incentives can be an important tool to speed deployment and reduce costs for clean energy technologies. 
People must strive to accelerate the availability and use of renewable energy.