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Renewable Energy Sector - Coursework Example

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"Renewable Energy Sector" paper aims to assess the progress of developed countries in utilizing solar, wind, and hydro energy in order to reduce their reliance on fossil fuels. Solar, wind, and hydropower are known to have almost non-existent greenhouse gas emissions…
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Renewable Energy Sector
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Download file to see previous pages Three percent comes from such renewable sources as biofuels, wind, and small hydropower projects. With most renewable sources viewed as large scale, they are also suitable for remote areas away from the cities in places where development is linked directly to the availability of energy. Over the last five decades or so; there have been concerns raised over the drastic changes and effects inherent from climate change. These are tied to the skyrocketing of fossil fuels, attainment of peak oil production, and most importantly, the increased support from the governments in developed nations through increased legislation of the commercialization of renewable energy sources and added incentives for those companies and organizations that utilize renewable energy. This sector of renewable energy has managed to weather the global financial crisis better than most other energy sectors. This has resulted from increased government spending on these projects, increased regulation of the industry, and improved policies. The International Energy Agency has projected that in the coming fifty years will see solar energy aid in the catering of the majority of energy needs for major developed countries. The renewable energy sector is the future’s major growth energy, especially given the amount of investment made, in it, to reduce reliance on fossil fuels and also move from the controversial nuclear energy projects.

The advancement of wind energy over the past few decades has seen the objectives of wind turbines evolve from conventional driving to optimal driving (Boyle, 2004 p23). This means that developed nations have been attempting to make energy conversion from the turbines efficient. This development has led to decreased costs of energy production from wind power. The technology inherent in the wind turbines is striking for the conversion of energy from the wind via blade rotation into electric energy currents sans the use of any other source of energy. ...Download file to see next pagesRead More
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