Renewable Energy In Our World: A Case Study

Chapter 2: Perspectives

Fuel and energy are becoming an asset in our world. In the world, the most common energy source is fossil fuel. Fossil fuels form more than 86% of our total energy in the world. Fossil fuels are commonly used throughout the world. Oil, one of the fossil fuels, is used in producing gasoline, jet fuel and diesel fuel. Oil is also used in producing electricity. Coal, another fossil fuel, is used in producing electricity as well. In addition to producing electricity, coal is used in producing steel and making cement. Natural gas is used in cooling homes and cooking.

Gail Tverberg, a writer and actuary who is from USA, has stated that energy is very important for producing goods and services. She has said that energy

Chevron, a multinational energy corporation has estimated that the human population which fuels energy demand to increase by 25 percent in the following 20 years. Some of the reasons why energy demand is increasing is because the energy sources are scarce and non-renewable. When the energy sources are low, the demand for energy increases, which leads to inflation, the sustainable rise of prices. The prices of energy are increasing up to 8 times the rate of job earnings. The household energy bills have increased by 4%. In USA, prices of electricity have risen. In the first half of 2014, the prices of electricity have risen by 3.2%. When the prices of the energy sources are too high, energy consumers would be unable to afford

However, it requires hard work, dedication and will. For example, Chevron is showing their efforts by making global investments in renewable, alternative energy and energy efficiency to create alternative energy. In Singapore and with Toshiba, SMRT is working to install their Permanent Magnet Synchronous Motor (PMSM) technology in SMRT 66 trains. This is to reduce 30 percent of energy consumption. In addition to PMSM technology, Singapore uses biomass energy, photovoltaics and waste-for-energy combustion.

I personally believe that creating multiple renewable energy sources, stabilizing the price increase and ensuring that the demand is reached will change the world and create a better future for all the living things. Plants will no longer suffer from acid rain or any other harmful gases. Animals will not lose their habitats. Humans will continue working in a more clean and green environment with health benefits.

The only problem that stands in the way for this solution is unity. A lot of countries are fighting for energy sources rather than finding ways to create more renewable and alternative energy