Energy Efficiency And Renewable Energy

1975 WordsDec 19, 20148 Pages
One thing is for certain, the cleanest and most inexpensive source of energy is the one that is inexhaustible and can also be naturally replenished and readily produced. The next step would be to develop that type of renewable energy efficiently while also distributing it more effectively. The most rational way to create and produce energy is to generate it renewably by utilizing naturally reoccurring resources. Perhaps, that is why energy efficiency and renewable energy are gaining more and more attention from the largest names in the financial, energy, and industrial communities. Government, manufacturers, and the consumer are all involved in the renovation of the energy system towards one that is cleaner and more proficient. According to energy industry shareholders, it is the consumer that delegates that adjustment. Due to this enormous influence, consultants are seeking for government to propose incentives to the consumer in order to surge the growth of renewable energy technologies (Bloomberg 2011). As of now, the historical shifts in “new” renewable energy sources, as well as the growth potential of "old" renewable energy sources, such as hydroelectric power, may suggest the adoption of new governmental policies and financing. These new policy adaptations may put a major emphasis on the ecological and financial benefits of renewable energy. In recent years, the production of sustainable energy has provided a very prolific field of research (Smil 2014).This mainframe

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