Importance And Importance Of Renewable Energy

Energy is the fundamental component for the economic growth and welfare of a nation. Today, the world is facing energy crisis at an alarming rate due to rapid population growth and urbanisation which impediments the socio-economic development in the future. The increase in energy consumption particularly in the past several decades has led to the gradual exhaustion of non - renewable energy resources such as coal, crude oil and natural gas. It has also caused severe adverse environmental impacts such as climate change, global warming, loss of biodiversity and health hazards.In the present scenario, Renewable Energy is considered as a strategic commodity, as it plays a significant role in meeting the energy requirements of the future. It is the energy which is generated from natural resources such as sunlight, geothermal heat, wind, tides, water and various forms of biomass which are replenished naturally. This energy is inexhaustible as it is constantly renewed by natural processes.
Renewable energy has low carbon emissions, therefore it is considered as clean and environment friendly. It mainly provides energy in four distinct areas such as electricity generation, heating, transportation and rural energy services. The effective utilisation of renewable energy resources is very essential for the global …show more content…
Renewable energy has a positive correlation with the socio - economic growth. As the availability of adequate, affordable and clean energy is a prerequisite for eradicating poverty and improving productivity. A feasible alternative to the indiscriminate use of fossil fuels lies in the accelerated use of renewable