Business Plan for Electricity Generation from Biomass Essay

As the global population increases and developing nations seek to emulate the consumer consumption of their Western counterparts, demand for fossil fuels and alternative energy sources continues to increase apace (Tracey et al, 2011). OPEC

World’s increasing demand for energy is fulfilled by different sectors (like Oil, Coal, Natural Gas, Hydro, Nuclear and others). Fossil fuels remain the dominant source of energy powering the world economy, supplying 60% of the energy increase out to 2035. Within that, gas looks set to become the fastest growing fossil fuel, spurred on by ample supplies and supportive environmental policies.

Energy is an integral part of our daily lives. While organisms get energy to move from food, non-living appliances such as phones, lights, cars etc. get their energy from other renewable or non-renewable sources. The majority of energy consumed comes from non-renewable energy sources: fossil fuels (oil, gas and coal) and nuclear energy. In the past few decades, the issue of a potential “energy crisis” has arisen. Since people nowadays use such large amounts of fossil fuels, they will run out in the near future. Out of the three fossil fuels, oil and gas are the most widely used. It is predicted that, without taking into account the new reserves that could become accessible with the advancement of technology, oil and gas

The consumption of energy in developing countries is rising rapidly, and by the end of the next century will dominate energy markets worldwide. Even allowing for a growth rate in the demand for energy in the developing countries 1-2 % lower than the present trend, the demand is likely to exceed 100 million barrels a day oil equivalent (mbdoe) by 2010, and possibly 200 mbdoe (K.Pickering and L.Owen 1995).

In our recent history, oil has been the driver of the global economy. The advance of modern industrial civilizations was facilitated by cheap and abundant energy in form of fossil fuels. At present, oil accounts for about 40% of the primary energy source and natural gas contributes 23%. This statistic shows how much the world is dependent on oil. The dependence on oil is majorly in the industrial, transportation, and agricultural sectors. The use of oil as a fuel source is seen to have increased by around 50% over the last century. The energy needs have been observed in the daily activities of industry, private life, and commerce.

Coal, natural gas, and oil are three major sources of energy commonly used in the world's industrial nations. They are relatively inexpensive, easy to use, and not difficult to transport. However, disasters associated with these energy sources do occur. In coalmines, there are dangers from explosions, mine collapse, flooding, and the constant threat of dust and gases. The oil spills from Exxon Valdez and, more recently, the British Petroleum rig in the Gulf of Mexico, are examples of environmental disasters whose effects are felt for years. Natural gas explosions occur when a leak is ignited; the news media reports disasters experienced by homeowners, business owners, and municipalities, sometimes with fatal results. Some people believe these are the hidden costs associated with these power sources (Deal 2010). There are also concerns about supply and delivery of these energy sources. In addition to costs, scientists and environmentalists have raised questions about the sustainability of these sources and what harnessing them has done, and will continue to do, to our planet. Because the world's energy needs are rapidly increasing, due to global population growth and industrialization of huge, densely populated nations such as India and China, energy technology is an important issue that no nation can afford to ignore.

Solar panels, hydropower, and wind turbines are all well-known renewable resources. However, one of the most prevalent sources for energy is often overlooked. Biomass is a renewable and sustainable energy resource that uses organic materials to generate electricity. ("Biomass Power Association.")

India abounds with coal. Indeed, this is the only fossil fuel we have a huge supply of. Beneath the ground in Jharkhand, Chhattisgarh and Orissa lies about 10% of the known reserves, making India the 3rd largest coal producer in the world. With reserves enough to last for at least another 100 years, it is no surprise then that post-Independence a huge emphasis was placed on enhanced production and

The needs for alternative energy are present today with China and India growing in population and increasing their oil consumption. In addition, the demand and competition for oil in a near future will eventually be too great for the supply; indeed, our lifestyles are currently based on inefficient energy devices. This includes automobiles and electric appliances that

Energy runs everything. Energy makes your cars move, powers electronic devices, and makes light bulbs give emit light. Where does almost all of this energy come from? Currently, standard fossil fuels provide for 82% of the United States’ energy demand (Bradley et al.). Many people depend on power from a highly limited source of energy known as fossil fuels. The world’s main sources of these fuels suffer substantial deprivation. The question of what will happen once these deposits become fully deprived of oil remains a serious issue. The world will fall into turmoil unless a majority of people switch to an alternative source of energy as soon as possible. Alternative sources of energy typically cost more economically, although alternative energy sources remain much more reliable and green when compared to fossil fuels. Along with reliability, with advancements in technology, those alternative energy sources have the potential to take over the need for fossil fuels and become far less expensive to harness and utilize. The utilization of these alternative energy sources would not only fix the issues regarding the Middle East and having to rely on their harnessing of oil, but also many modern economic problems remaining from the need for oil from the Middle East.

Cost refers to the monetary value that the University of Florida would have to distribute in order to create and maintain an alternative energy system. Specifically, the University of Florida would finance labor and materials (including those that make up the alternative energy system).

The world is depended on oil and soon oil will become more valuable than gold and could lead to a worldwide war. Price for oil could soar to above two hundred fifty dollars per barrel. Oil and other fuel cell also cause green house gases which contribute to global warming. China is consuming two times more petroleum than 1996 and India is projected to consume three times the oil it currently does by 2050. Global house gas emission has increased by twenty percent from 2003 to 2006. Energy consumption has increased exponentially throughout the globe. The U.S. department of energy projects energy consumption will increase seventy percent from 2003 to 2030. The world has agreed to reduce emission by twenty five percent before 2020 and by over

The most of global energy production produces from fossil fuel such as coal, oil and natural gas. The vast fossil fuels generate energy which use for many purposes for instant residential, transportation and industrial sectors. While the rate consumption of fossil fuel higher than their formation leads to oil price crisis. Another concern of fossil fuel combustion is the impact on the environment. Global warming is a significant problem which results in increasing concentrations of greenhouse gas in the atmosphere. These problems drive researchers and societies to search alternative energy such as switching to renewable energy or carbon-free energy to replace fossil fuels. For example Nakata et al., (2011:465) show ‘low-carbon society’

Current Prime Minister Modi has called for the development of renewable and nuclear energy along with gas and coal. He believes that increased use of renewable energy will help the environment while also providing electricity to rural areas. Future policies show that India’s primary focus is the economy. India is open to setting a peak emission year in the future but refuses to do so until its emissions match China’s emissions. This is projected to be sometime between 2030 and 2050. India has several other policies that are currently being discussed. The Super-Efficient Equipment Program encourages the production of equipment that is 30-50% more efficient than current energy efficient products. The Strategic Plan for the New and Renewable

World oil demand is increasing as emerging economies need more energy to increase their living standards. Estimates, shown below, are that by 2030, China and India as emerging markets will import over 70% to 90% of their fossil fuel needs (1) . Coupled to a continued high and growing demand for oil, makes this a robust market for the next 30 years.