Tuesday, November 10, 2020

Contribution Of Renewable Energy To The Environment

 Renewable energy is an important factor that helps to reduce the adverse effects of climate change. Energies like wind and solar that are renewable do not produce carbon dioxide, methane, and other harmful greenhouse gases. The government should aim at more funding for renewable energy projects to improve the climatic condition of the country and prevent temperature decrease.

Since the greenhouse gases capture the heat in the atmosphere, the average temperature is rising globally. Global warming is a major indication of climate change and it results in extreme weather climates and harms nature.


Hydropower

Hydropower is the power generated by water. It is the biggest source of renewable energy and is a clean source of energy that is replenished by snow and rain. It results in the piling of silt that might compromise the capacity and cause harm to the equipment. The wave and the tidal energy projects are aiming to capture the natural rhythm of the oceans. Funding for renewable energy project finance must be kept in the minds of the governments.

Methods to boost renewable energy

Many countries and cities in the world are supporting the use of 70 percent renewable energy for various purposes. Some other factors that can result in the growth of renewable energy include fuel economy standards, building pricing, as well as pricing of carbon. Some countries are largely dependent on renewable energy for finance.

There are some advantages to using renewable sources of energy.

     Renewable energy is highly eco friendly and does not cause any pollution.

     It is a renewable resource that can be used multiple times for a longer period.

     Renewable energies are reliable sources of energy.

     It is cheaper than other traditional sources of energy.

     Renewable sources of energy have stabilized global prices.

     It requires fewer maintenance costs.

     Renewable sources of energy help to boost the health of public people.

Our company is a corporate finance boutique that specializes in providing advice for energy project finance. The members completely focus on the projects of renewable energy and its infrastructure. The name of our company is taken from the Kapok tree that has striking roots for providing stability and strength.

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