Energy Resources – A Low Levelized Cost of Producing Electricity
There is an inherent tension between the use of fossil fuels and our ability to replenish these natural energy resources. For centuries before us, human beings relied on fossils as their only source of energy. And there’s nothing whatsoever wrong with that except that fossils aren’t particularly renewable either. It takes millions of years for them to break down, so we’re using them up like plastic.
One way to deal with this problem
and indeed the entire dilemma of how to maintain our economic growth at the same time reducing carbon emissions is to look for more reliable energy resources. The terminology used to describe such energy resources is usually termed “renewable” or “non-exhaustive.” The word renewable is typically applied to these energy sources and technologies whose common feature is that they are naturally replenished or non-depletable. Renewable energy resources include solar power, wind power, falling water, geothermal, wave power, the heat from the earth (i.e. geothermal heat), and many others.
Of the renewable energy resources
geothermal power has been the earliest to be discovered and developed. Using the Earth’s molten core, geothermal power plants take advantage of the planet’s natural ability to regulate temperature and utilize the heat that is stored within the core. This natural resource also has a tremendous advantage over other fossil fuels. Unlike fossil fuels, geothermal energy resources do not contribute to climate change. They are a great source of clean energy.
One of the most prominent and popularly
used renewable resources are the various forms of solar energy. A solar energy system consists mainly of photovoltaic cells, which absorb the sun’s rays and convert them into energy. These solar energy resources have become very popular over the last decade and have become a very important part of residential, commercial, and governmental applications. The two most prevalent forms of solar power systems are the home solar systems and the stand-alone windmills.
Climate change is a major concern of people
in developed countries. In such countries, the government has been involved in setting up state-of-the-art climate change adaptation programs. These adaptation programs are meant to reduce the Levelized Cost of installing efficient energy efficiency programs. The Levelized Cost of installing these energy efficiency programs is determined by considering the benefits of reducing greenhouse gas emissions and global warming, as well as the impact on local communities and the economy of those regions.
Another major concern
is the high cost of establishing new power plants and generating electricity in rural regions. Electricity shortages and blackouts have resulted in massive damage to infrastructure in developing countries. However, developing countries are trying to increase their energy resources, but they face the problem of over-use by individuals and businesses. On the other hand, developing countries have also made an effort to implement large-scale carbon dioxide emission reduction programs and to increase the Levelized cost of electric power as per the Kyoto Protocol.