How Can Renewable Energy Sources Replace Fossils and Nuclear in Large Extend
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Renewable energy can replace oil. And it has in some scenarios (there are already examples of carbon neutral homes, cars, and businesses).
The roll out of technology will take time of course- the lengthy pay-back period and initial investment challenges the speed at which we replace oil. However, support is coming in the form of “pay as you save schemes”, grants and subsidies from government backed businesses (such as the Carbon Trust, and Energy Saving Trust).
The technology that is appropriate in any house, businesses, or particular country/region will have to be specific to the climate of course- since solar energy cannot be supported in areas where daylight hours are limited and/or solar strength is weak- at least the payback period and limited production capabilities make such schemes inefficient and unattractive to investors.
The good news comes in the form of the possibilities that are currently available for further renewable energy- we currently have such low saturation and ‘take-up’ of renewable energy technology- leaving huge scope for further production.
Incentives, grants, and support for switching to alternative fuels is encourage-able- long term financial benefits can be sought by consumers and businesses willing to make changes to their homes and/or businesses.
As an energy consultancy (www.amberenergy.net) it is our job to support the change to alternative fuels whilst supporting the current set-up of individuals’ homes and businesses. When considering energy contracts businesses and consumers can choose to support the change to renewable energy by electing a contract/supplier of 100% renewable energy. Alternatively, a contract where some of the energy is from a renewable source may be preferred. This is due to renewable energy currently carrying a premium (when compared to a standard tariff)- so choosing renewable energy is not financially viable unless business/consumer tastes are strong enough or ‘knock-on’ affects (such as positive publicity and brand strengthening) are gained in the decision.
In conclusion then- a long way to go before we can say renewable energy has replaced oil- but we are at least able to say
it can be done.