Invest in Renewable Energy
We are beginning to invest in renewable energy. Some individuals have been making investments in electrical generation, mainly in wind and solar. Finally, governments are beginning to see the need as well.
Prosperity in the future will to a large extent depend on how successfully we can shift from the use of fossil fuels to renewable energy sources. I believe this to be the case on a number of levels.
On a personal level, we can be financially much more secure if we in some measure own the means of our own energy generation. We will not be as vulnerable to the fluctuating prices of petroleum that we have seen recently. Along with this shift comes the capacity to reduce energy consumption and thus a lower cost of living.
On the national level, there are opportunities to develop new areas of employment in the renewable sectors. Germany, for example, has developed a thriving Photo-Voltaic industry and Denmark has become a leader in wind energy generation. There are specialized components required to convert the kinetic energy to a form that can be stored or used.
Another area for financial opportunity is investing in renewable energy stocks. in this developing field. Currently, financial markets are very unpredictable but there is clearly a strong future in the renewable sector. As the fossil fuels increase in cost, it will insure more profitability of renewable sources of energy. Governments are gradually being pressed to invest in renewable energy powergeneration. This in turn accelerates development of these new industries.
We are seeing a significant growth of solar, wind, and bio-fuels. There are also some other developing sources for harnessing energy. One source of energy that has huge potential is converting the ocean waves or currents to electrical energy. Geothermal can have a number of applications for utilizing the constant temperature of the earth just below the surface of the ground. At present the most common use of this phenomenon is to keep buildings cool in summer and warm in winter. The Slow Volcano system involves forcing water down into the ground where the earth’s crust is thin. When the water is exposed to the extremely high temperatures of the earth’s core, it is converted to steam and can be used to run turbines, generating electricity.
Probably one of the most recent discoveries is a process for converting sugars and agricultural waste into gasoline or other currently used fuels. This is an important development because it can be used with existing engines. Ethanol is currently being produced from biomass but it needs to be blended with gasoline for most applications. It will probably take some time before gasoline, diesel fuel, etc., will be available for commercial use, being made from biomass. This too will need investment of capital funding for development and production.
As more energy sources develop there will be more opportunity to invest in renewable energy.
Probably, the best news-letter aboutthe this topic is Green Chip Review. So follow this link if you want to
invest in renewable energy
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