Lecture 1 10-ME-01 21/01/2014 Section:A

Renewable

energy is generally defined as energy that comes from resources which are naturally replenished on a human timescale such as sunlight, rain and tides etc

 Fossil

Fuels Are a Finite Resource Fossil Fuels Contribute to Climate Change Renewable Energy Is Economically Sound Renewable Energy Is Generally Better for the Environment

 By

recent Greenpeace estimates, the world could save around $180 billion a year by switching 70% of the planet's electricity production to renewable options. Every year, power plants in the US alone put more than 2.5 million tons of CO2, a major greenhouse gas, into the atmosphere

 Fossil

fuels are also responsible for a significant amount of land, water, and air pollution beyond their CO2 production According to one estimate , sea level would increase to about 1 to 1.5 m causing threats to many countries

 Most

renewable energy comes either directly or indirectly from the sun Sunlight, or solar energy, can be used directly for heating and lighting homes and other buildings, for generating electricity

 The

sun's heat also drives the winds, whose energy, is captured with wind turbines

 Includes

America and Europe Energy Stability (1950-19970) Moving towards third change over

 Include

Pakistan , China, India etc Energy Stability (1970-1990) Moving towards 1st change over

fold in as many years, from US$41 billion in 2004 to US$268 billion in 2010.

Renewable energy investment (i.e. total private and public investment) has increased six-fold in as many years, from US$41 billion in 2004 to US$268 billion in 2010.

[1]

Developed countries investment in solar energy was more than double that of developing countries. [2]

 In

reality there is no energy crisis Poor management has resulted in crisis

 Energy

conservation refers to reducing energy through using less of an energy service

 [1]-Source:

UNEP and Bloomberg New Energy Finance, 2011 [2]-Source: UNEP and Bloomberg New Energy Finance, 2011