New report gives us the big picture on renewable energy

Research and Markets, the market research specialist, has put together a report about renewable energy in which it claims that “eventually renewable energies will dominate the world’s energy supply system. There is no real alternative. Mankind cannot indefinitely continue to base its life on the consumption of finite energy resources.”

The report focuses on investing in renewable energy technologies and offers an analysis of all the renewable energies available today, from biofuels to geothermal. It explains benefits of each energy source, the growth drivers, challenges and barriers, economics of each energy type, and other topics.

We all hope this is really going to be the case. Humanity needs to move on from the ecologically destructive path taken since the Industrial Revolution two hundred years ago. The fossil fuel and nuclear lobby are trying to slow down, or even prevent, a transition to a clean-tech future, but eventually these people will sound so absurdly anachronistic and detrimental to our future that they will vanish from the political stage.

President Barack Obama promised to spend $150 billion in the development of renewable energy over the next 10 years. The $800 billion stimulus package pending in Congress to revive the American economy includes billions of dollars in tax breaks and other financial incentives to boost the use of renewable energy.

We need to cut carbon emissions and renewable energy plays a crucial role in this mission, besides being an essential part of an overall strategy of sustainable development. It helps reduce dependence of energy imports, improve the competitiveness of industries over the long run and have a positive impact on regional development and employment. Besides, renewable energy technologies are suitable for off-grid services, serving those in remote areas of the world without requiring expensive and complicated grid infrastructure.

The report can be bought here.

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