“A transition to clean energy is about investing in our future.” ~Gloria Reuben.
Energy is needed to perform any task. The world has been dependent on non-renewable energy resources for a very long time, which has led to drastic effects on humanity over the years—replacing fossil fuels with renewable energy can impact all aspects of life, including the environment, economy, and society. There are several cost-saving benefits to using renewable energy.
“The potential of renewable energy is immense.” ~Tulsi Tanti
Solar energy, hydropower, and wind energy are just a few examples of sustainable energy. As the famous Dutch businessman Paul Polman said, “Renewable energy could reduce emissions but also create jobs and improve public health.” Solar radiations and wind are widely available resources to produce local power, making this energy cheaper and diversifying the energy supply.
How would renewable energy contribute to conserving our income?
Solar energy, wind energy, and hydropower produce clean energy and contribute to growing our income by reducing our expenses. A report published by the International Renewable Energy Agency states that renewable energy improves human well-being and the overall welfare well
beyond GDP. Doubling the share of renewables in the global energy mix will increase global GDP in 2030 by up to 1.1%, equivalent to $1.3 trillion.
Renewable energy also provides benefits on micro and macro levels. By installing your solar panels on your personal property, you are producing your electricity with the aid of a free resource, the sun! With solar panels’ installation on your property, you are significantly increasing your property value. There is no doubt in denying the fact that solar panels’ installation needs substantial upfront investment. But after installation, it can reduce your electricity bill, and you could sell energy back to the utility company.
Renewable resources do not run out, therefore giving you independence from the utility grid and potentially no cost for the long term. These are not only inexpensive resources of power but are also widely adopted.
We should be doubling down on renewables;
Michael T. Thomas