Why Invest in the Renewable Energy Sector?

Many people across the globe use a lot of fossil fuels in running their day-to-day activities, including transportation and production, among others, leading to greater production of greenhouse gases. In an era where climate change has become a vital issue, and as the world tries to develop better solutions to mitigate and adapt to climate change, green energy has become mandatory. Some of the greener energy sources that can be explored by different companies like e360 power alternative investments firm and individuals include: solar energy, wind energy, biomass, and hydropower. There are many benefits from using renewable energy in the environmental, health, and economic sectors, among others.

What is Renewable Energy?

Renewable energy results from virtually and naturally occurring inexhaustible sources like plants, water, sun, and wind, and it cannot be depleted, and it differs from green or clean energy. Clean energy refers to the different impacts of power sources and their impacts on the environment; nuclear energy is not considered green energy but rather clean energy in certain circumstances. Some of the benefits of exploring renewable energy include:

• • Reduced emissions

Using fossil fuels to generate energy leads to greater emissions of greenhouse gases, whereas electricity generated from various renewable sources has zero air pollution and zero emissions. There has been an increase in electricity production from different renewable energy sources, and it is expected to continue increasing in the coming years.

• • Reduced carbon footprint

Every action and reaction you make, like the choice of clothes, type of food consumed, and energy choices, affects the quality and nature of environment. Different actions lead to different impacts on environment, and it goes beyond waste management, like poor disposal of plastics. When reducing carbon emissions, people significantly reduce climate change as carbon is the greatest driver of climate change. Offsetting is an excellent way of reducing the carbon footprint by using alternative sources of energy that have zero emissions, like solar and wind.

• • Reduced harmful air pollutants

The burning of fossil fuels to generate electricity leads to nitrogen production, which reacts with oxygen, causing nitrogen oxide, a greenhouse gas. Nitrogen oxide leads to acidic rainfall, smog and, through chemical reactions, it leads to the creation of ground-level ozone, which is a highly harmful air pollutant. Some human health impacts include: throat irritations, lung tissue damage, coughing, and airway inflammations. When generating electricity from various renewable energy sources, nitrous oxide production is eliminated, reducing the production and release of greenhouse gases in the atmosphere.

In conclusion, investing in renewable energy has tremendous advantages, especially when combating climate change. Reduced greenhouse gas emissions lead to more stable earth, promote biodiversity, and improve climate conditions. Since the world is shifting into greener and clean energy sources, investing in the renewable energy sector is beneficial to individuals and the industrial sector as the production costs are relatively low, and policies support the sector.