What Are The Benefits of Renewable Energy?
If we are to continue inhabiting our world, renewable energy will have to play a more crucial role in the global energy industry.
Known for their ability to generate freely and naturally, without any harm to the environment, renewable energy sources such as solar power, wind energy, hydropower, and geothermal energy – to name just a few – represent a long-term solution to the challenges posed by fossil fuels.
In our blog post this week, we dive into some of the biggest benefits of renewable energy, here in Australia. Continue reading for a closer look!
Renewable energy does not harm the environment
While this may be somewhat of a no-brainer, it’s important to explore the impact (or lack thereof) of renewable energy on the environment.
Burning fossil fuels such as petrol, coal, and gas, release greenhouse gases and carbon dioxide into the environment, making Australia a very hot place to live in. With fossil fuel consumption in Australia standing at around 93% in 2015, it’s no surprise that the place we call home has become one of the hottest places on earth.
As a result, fossil fuels also contribute to catastrophic climate change and all kinds of pollution.
None of these are an issue when it comes to renewable energy. They release minimal, if not zero, greenhouse gases into the environment.
Renewable energy is free and its production is becoming more affordable
Another mind-blowing benefit of renewable energy is the fact that it’s free.
While you may incur certain expenses to set up the relevant equipment such as solar panels or heat pumps, this is just a one-time investment. Thereafter, you are able to enjoy renewable energy that generates freely in the environment.
This is more important than you can imagine, especially, since coal and other types of fossil fuel are becoming scarce. Not only does this make these resources more expensive, but it also means that extraction methods are likely to be more damaging to the environment.
Renewable energy will always be free and abundantly available. Further, devices like solar panels are becoming increasingly affordable, especially in Australia. It makes sense, therefore, to begin the switch to renewables while it’s still easy to do so.
They also improve public health
A unique claim renewable energy can make is that it’s more beneficial to the health of a community, compared to more conventional sources of energy.
It has been found, in fact, that Americans spend around $886.5 billion, each year, on health problems arising from the use of fossil fuel. These include conditions as serious as cancer, heart disease, and a range of other neurological problems.
The renewable energy industry creates jobs
Another, somewhat indirect benefit of renewable energy is that harnessing it creates thousands of local jobs, all over the country.
According to the International Renewable Energy Agency (IRENA), doubling renewable energy’s share of global energy by 2030 could create 24 million jobs. In addition to this, the agency also estimates that countries including Australia, Mexico, South Africa, and Germany could see economic growth amounting to more than 1%, each.
Beyond its economic potential, however, the renewable energy industry also helps us make gains in social welfare. IRENA believes that the impact of renewable energy deployment is greater than its impact on GDP, with global welfare increasing as much as 3.7%.
As is evident, renewable energy poses significant value not just to the environment and the economy, but to human health and development as well.
By harnessing its power to generate power to run our homes and cities, we set ourselves on a more sustainable trajectory and ensure that the environment continues to be a safe space for future generations. Here, energy sources such as solar power, wind energy, and biothermal sources are all options, each with their unique advantages.
Investing in these for a cleaner and healthier future is essential.