Renewable Energy: All You Need to Know

What is “Renewable Energy” and where does it come from? We all think we know and some of us may
even be able to name some of the most prominent sources of renewable energy, but do we really understand
the purpose of each type (such as how and where it is used), how much energy it can generate or its wider
economic or benefits? Here, we attempt to cut through the fog and give a clear and decisive summary of
the information presently available on renewable energy and associated technologies. Put simply,
renewable energies are those generated from sources that do not have a finite end, or those that can be
recycled (1), typically from natural sources - like solar power, wind power and water power. These are the
examples that we think about most when we hear the term “renewable energy” but they are not the only
sources.

We use energy every day of our lives - our electronic devices require electricity for power, our streetlights
need the same for lighting, our vehicles require gasoline and diesel. We fuel our homes with domestic oil,
propane or electricity from a national or local grid for lighting, heating and for powering our devices. You're
reading this article on a website that is hosted on a server that needs power, as does the computer with
which you are viewing the site. The places we work use computers, phone networks, security systems and
servers, as do our shopping malls, parking lots, sports stadiums, cars, airplanes and so on. All of these things
require power from fuel.

The world is doing what it can to reduce carbon emissions and limit the global average temperature change
with a new agreement decided in 2015 at the Paris Climate Summit (or COP21) (2). To move forward, we
also need to realize that there is only so much that can possibly be done in limiting GHG output as the
human population only increases and puts more demands on our energy infrastructure (3). To further help
the environment and secure the future of the planet for our children and their children, we need to move to
renewable sources for our energy generation.

A History of Renewable Energy

It may or may not come as a surprise to learn that before the discovery of coal deposits around the time of
the Industrial Revolution, most of the energy we used for lighting and heating was from renewable sources
- with one or two exceptions. Then we discovered coal, which fueled the industrial revolution in the western
world, and later still learnt to tap oil in greater quantities leading to an acceleration of technologies that
would take us into the 20th century. Throughout most of human history and pre-history, we burned what
would today be known as “bio mass”: plant material such as wood, grass, mosses and so on, to fuel our
hearths and later, homesteads. It became an important fuel source, hence why the hearth and the fireplace
was central to homes until relatively recently.

From one perspective, the discovery and utilization of fire is a history of civilization, and a history of the
use of renewable energy (4). Humanity continued in that fashion for many thousands of years before the
discovery of oils (though obviously in smaller quantities than later) in antiquity and the mass drilling of oil
during the industrial age. Other uses of renewables in antiquity include animal power (using cattle to drive
ploughs or turn millstones) and wind for the sail that has driven trade for some 8,000 years of human history.
The use of water sources, such as creating dams to harness the power of the fluid motion of water, is not a
new idea either.

It was in the 1970s that we began to look back towards some of these ancient methods and technologies to
provide the power sources of tomorrow. Peak oil and peak coal was theorized as far back as the 1870s.
Remarkably, even during the Industrial Revolution, some thinkers were theorizing on and developing
concepts of solar technology (5) to prepare for a post coal world. The reason may have changed, but the
thinking has not as many of the modern developments are for a post oil world. We have known since early
in the process of mass mining of coal and oil, that there would be a peak and a time when these resources
ran out. Theories and investment in solar technology lasted until the outbreak of WWI. Even in 1912, a
paper in Scientific American hypothesized that soon, fossil fuels would run out leaving solar power our only
option (6).

The concept of peak oil in the 1950s began a new drive towards renewables. Solar, hydro and others were
seized upon by both environmentalists and industrialists. They were both equally concerned about the
exponential growth in human population, in oil consumption, and realized that it is a finite resource and
will run out (7) regardless of the size of the supply today. A growing environmental movement, the
development of environmental sciences and a push against pollution (such as the Clean Air Act in the US
and equivalents in other countries most of which passed in the 1960s-1970s) meant that more than ever
before, renewable energy became not just a scientific innovation for the future, but a necessity.

Since then, there have been successive debates about whether we have reached peak oil. Many experts agree
that it happened around 2008 (8). New pockets are getting fewer and fewer and smaller and smaller.
Shockingly, demand has outstripped supply since 1986, spurring on economists, scientific researchers and
environmental campaigners to hasten its demise by campaigning that what is in the ground to remain in the
ground. Instability in oil-producing countries has led to fluctuations, particularly since the 1990s, and that
has brought another issue to the world's attention - energy security.

Energy security has been a major concern to world leaders since the end of the 20th century, but
even more so since the beginning of the 21st century. The term refers to the link between each
country's national security, and the availability of that country to resources for energy production
and consumption. If a country loses, or finds it has restricted access, to oil and other resources,
instability is likely as energy is rationed. Energy security can be the result of armed conflict or
political instability in gas or oil-producing countries, or a buying country having access restricted
when a producing country deliberately cuts a supply.

Why Do We Need Renewable Energy?

Fossil Fuels Are Limited

The first and main reason for why governments and businesses are keen to move to renewable energies as
soon as possible is that fossil fuels are a finite resource. We may or may not have reached peak oil - the
point at which demand outstrips supply -and by current figures, many experts seem to agree we did so
around 2008 with only external factors creating fluctuations in demand making it difficult to predict
precisely when it will run out. That is another debate entirely that our politicians and economists have
argued for decades, and will continue to argue (14) for many years to come. Whichever way we look at it,
fossil fuels will run out eventually and it will take some 10,000,000 years to replenish what we have used
in around 150 years.
As the human population increases, our rate of consumption of these fossil fuels also increases. Geologists
and others whose job it is to locate and access these pockets of crude oil are finding it increasingly difficult
to locate and extract new sources. Whether we have 1 year or 100 years left of oil, many argue that what is
left should remain in the ground because it is not sustainable - it will run out eventually and so we should
prepare for a post-fossil fuel world now.

Carbon Emissions & Climate Change

The most immediate problem, particularly in light of the COP21 agreement of 2016, and the changes we
have seen to the climate in the last 150 years, is climate change and the carbon emissions that are forcing it
(19). In the last few years especially, no part of the world has been untouched by freak weather conditions.
Most continents have recorded record high temperatures in summer, record lows in winter and increased
frequency of typhoons and hurricanes, record dry spells, drought and flooding. There is no doubt that these
freak weather conditions are affecting every country (15).

Most renewable energy sources, and the technology used to harness them, are low carbon emission. In most
cases, once installed they have minimal or no carbon output and can still provide our energy needs. We can
never go fully carbon neutral as it takes resources to make a solar panel, build a dam and so on, but it is a
critical and significant reduction of our carbon output. What we do need to do, is to take the steps we can
to reduce our carbon footprint for international regulations, to help those in the developing world, and to
protect ourselves against the freak weather. We also know that the ice caps are melting and the sea levels
are rising which creates food shortages and national instability as well as being an expensive situation for
our insurance.

Energy Security
Energy security is a relative newcomer to public perception when we consider the greater need for
renewable energy (19). The beginning of this decade has seen instability in the Middle East. The Arab
Spring swept across Algeria, Tunisia, Libya, Egypt and Syria leading to pro-democracy demonstrations.
There are ongoing problems in Syria with the rise and spread of ISIS. Why have these political issues in
other parts of the world encouraged the rest of the world to think about its energy plan?

The Middle East is one of the biggest suppliers of oil to the world. South America also produced oil, North
America and South America supplies coal and the UK, Russia and other European Atlantic powers mine
for gas. New tension between Russia and the west, firstly over Ukraine and secondly over Syria, has led to
increased distrust between world powers. Being dependent on other countries for our energy supply is
problematic in itself, but when international relations between supplier and supplied sour, increased
wholesale prices threatening to destabilize the economy is the least that could happen (16, p5). If a supply
is cut off, then disaster could strike. For this reason alone, we need spare capacity and multiple avenues of
energy acquisition.

Energy security will become a much greater factor as fossil fuels begin to dwindle. More than ever before,
demands on energy supply often outstrip supply of conventional production forcing prices up (3). It is
expected that increased tension over acquisition and protection of resources could lead to global conflict.
Some are already arguing that the crisis in Syria is less about campaign for democracy reform in a major
Middle Eastern power, and more a result of ongoing regional climate crisis. Former farmers who have fled
to Europe and beyond have cited drought as the major catalyst for the civil war in the country (17).

The price of oil has fluctuated greatly in the last 10-15 years - from an all-time high in 2012 to 2013 to
record lows in 2015 to 2016. Oil prices have a knock on effect for the economy when they are at the extreme
and lead to protests (18). We must remember that oil is a commodity and when prices are erratic, it affects
jobs all over the world.

Economic Stability
Related to some of the issues mentioned above, where renewable energy offers a constant and sustained
supply (such as hydroelectric, wave power, solar and biofuels), energy prices are likely to remain stable
and in turn, keep the economy stable (20). In many cases, energy produced from renewable sources is
already cheaper than that produced by non-renewable means. Mentioned above, Idaho produces a large
amount of energy from geothermal sources. Another example is Texas where energy produced from wind
power is noticeably cheaper for the state's citizens.

Environmental Damage
As fossil fuel supply gets harder to acquire, and prospectors search for new pockets of oil and have to drill
longer and deeper to acquire it, there has been conflict between environmental groups and industry (21) and
between governments and both groups (22) when local wildlife and environmentally sensitive areas are
threatened. Here in the US, public consciousness and the need to protect our wildlife and natural landscapes
means that many new developments are protested with concerns of environmental damage. Ongoing
protests against fracking and new drilling in Europe and North America and recent examples. Though some
renewables will have an environmental impact, many do not and when built, have no further impact - unlike
ongoing drilling.

Public Health
Oil, gas and coal drilling and mining have high levels of pollution that are pumped into local environments
and the wider atmosphere, so while protestors attempt to prevent the building of pipelines or new
prospecting in virgin areas and wilderness, it is as much about public health as it is about conservation. We
have known for decades about the knock on effect of industrial processes for public health (20). Few
renewables are entirely emission-free, but their output is much lower than conventional fossil fuel
acquisition and processing.

 What are The Renewable Energy Types?

Renewables are by definition unlimited, but it is important to note that not all forms are environmentally
friendly. Here, we look at some of the most common types of renewable energy and discuss their advantages
and limitations.

 Hydroelectricity
Using water's motion power to generate electricity is not a new concept; we have been doing so for around
one hundred years and most countries have some form of water generated electricity source. There are two
basic forms of using water for green energy needs. Hydroelectricity is produced by processing and
controlling the flow of water through a dam. This is one of the most encouraging forms of renewable energy.
Globally, it generates some 3,500 terawatts of power and has increased year on year since 2003.
Hydroelectric power is likely to be one of our most common forms of energy production in the next few
years and in the post oil world (23).

 What are the Advantages of Hydroelectric Power?

 What are the Disadvantages of Hydroelectric Power?
 Tidal Power
Tidal power is not yet common but it has been demonstrated that it is possible to generate electricity at sea
by reacting to the ebb and flow of the oceans. This a common form of power generation across the Atlantic,
in the eastern US states and Western Europe (with the UK being one of the early developers thanks to the
high tidal ranges around the Orkney Islands). Its take up has not been wholesale elsewhere yet for a number
of reasons. Tidal power generators come in four general types (29).

 Stream generators use the water flow to power a turbine which then generates electricity.

 Tidal barrage uses small dam like structures alongside natural features under water that seize the
potential energy as the water flows in and converts it to mechanical energy as it flows out.

 Tidal lagoons are still in development, but they work in a similar fashion to the barrage but are
completely artificial.

 Dynamic tidal power is still theoretical and has not been tried, but requires the building of dams
that are tens of kilometers long to regulate water flow.

 What are the Advantages of Tidal Power?

The first major advantage is that tidal power is more predictable than other well-known renewable systems
such as wind and solar power thanks to the natural relationship between The Moon and the Earth. The
pattern of the tides is predictable to a high degree of accuracy, a system on which we have been reliant for
thousands of years of human existence. We have accurately measured these systems that people living in
coastal areas where there is more than a minor variation, know the high and low tide times. This has always
helped plan a number of maritime functions and now it is helping us begin to generate electricity (30).

The second advantage is that the volume of water on the planet is fairly constant and unlikely to run out,
even without a significant temperature rise way beyond the 2-3⁰ predicted by climate scientists at present.
Melting ice caps is not likely to affect these tidal ranges by a great degree, as the Moon is the only
influencing factor on the fluctuations.

The third and most important is the low input to high output production. The density of water and its tidal
motions means that we can, in theory, produce a lot of energy even from low wave activity. Choppy seas
and stormy weather is not required to generate massive amounts of energy (30).

 What are the Disadvantages of Tidal Power?

The technology has largely not been taken up due to high cost (29). It is mostly still in development stage
so some authorities are reluctant to invest in the technology while there are still cheaper alternatives
available.

As mentioned above, the technology is limited to those areas of the world with a wide variation in its tidal
range to warrant harnessing the power of the sea - this includes the eastern seaboard of North America and
Western Europe but few other places (31). The overwhelming majority of coastal sites will not be suitable
for this technology.

Underwater ecologies are just as delicate as land ecologies and any intrusion into the seabed or disruption
to the natural marine landscape is going to affect the wildlife and alter it forever; what's worse is it seems
that we don't know what (if any) long term effects are on the marine ecology (30).

 Solar
We can be pedantic and point out that the sun is not renewable, that it has a finite end - but the fact that it
has some 4.5bn years of life left in it is not a major or immediate cause for worry. Solar power is arguably
one of the best-known renewable energy sources and many argue that solar power should have been more
common much earlier than it was. Interest began in the 19th century with the same people who understand
that coal would eventually run out. Heavy investment in fossil fuels meant that it went undeveloped until
the late 1970s when instability of oil supply began again (1973 Embargo and 1979 Crisis) (32). Also,
growing environmental awareness and the prominence of peak oil meant we once again need to look for
cleaner energies. There are two basic types of solar energy:

 Photovoltaic: These are the most common form and have always been, but the new breed that have
been in development since the year 2000-2005, and that which are now increasingly common on
top of our homes, use the same basic technology as that used in the 1970s and 1980s. Each cell
converts the light of the sun into electrical energy, which can then be used to power electrical
devices (33).

 Concentrated Solar Power (CSP): If you have ever seen a solar array using a large number of
curved panels, it is most likely this type of technology. They may look similar to PV, but they work
differently in that they draw in a concentrated beam of sunlight, reflecting it through a system of
mirrors. The resulting heat generated by the process activates a turbine that produces electricity
through a conventional generator. Where PV produces energy from light, this produces energy from
heat.

 What are the Advantages of Solar Power?

The most obvious advantage (35) is that it will last as long as the sun will last - which is billions of years
against the maximum 70-80 years that we believe is the remaining life span of our oil supply, and against
the several decades of gas and coal. It is a very flexible energy source and not only can it generate electricity,
but can be used to heat water directly, and is a source of light.
The second is the cost saving of the system. Many people are concerned about the cost of the initial outlay,
but they are far cheaper today than they were in the 1980s and far more efficient, representing long-term
investment and saving. They are noise-free and work all the time too. Plus, if you use your solar panels in
line with your local or national grid, you can save a lot of money using solar energy. In some cases, you
may be able to feed that energy back to the supply, effectively selling it, and making money in the process.
Once installed, they are low maintenance and with very little pollution compared to other forms of fuel.

As it will be an important form of our energy supply in years to come, it is constantly under development.
Investment in better technologies is likely to lead to more efficient systems in future.

 What are the Disadvantages of Solar Power?

There are three major disadvantages (35) to solar. Firstly, their efficiency drops during cloudier days, during
the winter when there is less sunlight generally, and during storms. Though the PV systems of today are far
more efficient than they used to be, there is still a way to go. If you live in warmer and sunnier climes (such
as California, Texas, Arizona and so on) you are likely to get more efficient use out of them than you would
living in the northern states or places in the world where there is less sunshine.

The second disadvantage is that you need to consider careful placement. The rotation of the Earth doesn't
need to be explained here beyond the understanding that the sun does not remain in the same place all day.
It rises in the east and sets in the west. Unless you have an expensive system by which to rotate your panels,
or panels on every slant of your roof to capture sunlight at every stage of the day (and most don't because
both systems would be expensive) your PV paneling will be less efficient at certain times of the day.

The third is what to do with all that energy and power to get maximum efficient use of the energy that the
PV panels capture. You may purchase batteries to stop all that energy going to waste, but these can be
expensive even if it is energy efficient. What most people do though is use energy generated from solar
sources during the day and use grid power at night - for the environmentally conscious person this could be
counterproductive for what they are trying to achieve.

 Wind Power
There are few countries in the world that do not use wind-generated energy. Often subject to campaigns to
have them shut down or planning permission refused, to many they are a blot on the landscape that ruins a
perfectly attractive natural view. To others, they are a great way of harnessing an unlimited resource
generated by the natural processes of the planet's weather systems. We have captured the wind for thousands
of years - it drove our ships until relatively recently, and in many places still grinds our wheat into flour.

The same principle is behind the generation of electricity through the turbines of wind farms. At sea or on
land, these giant spinning windmills capture the power of the air around it. Some countries have made a
national industry of generating its power from wind. In 2015, Denmark broke its own world record by
producing over 40% of its national power from wind energy (36). Wind power is far more popular in Europe
than in North America, with nearly have of the global capacity produced across various European countries.
Many of these are at sea where most of the wind power is produced.

 What are the Advantages of Wind Power?

The advantages of wind power are well-documented (37). Firstly, wind is a constant as it is part of the
planet's natural weather cycles. There is nowhere on Earth untouched by wind, not at sea or on land. There
is greater levels of wind at sea as the topography does not act as wind breaks as it does on land, this means
greater potential to harness energy and most wind farms are at sea. This is a potentially limitless source of
energy if it can be properly harnessed.

Despite jokes about meteorologists always getting it wrong, the weather is predictable and certainly within
a day or two. This means that turbines can be altered for maximum efficiency of use to generate as much
energy as possible. Because it is efficient, it is also very low cost compared to most others - including other
forms of renewable energy, arguably the cheapest form available. They can also be placed in rural areas on
ranches, where they make minimal impact on the land.

 What are the Disadvantages of Wind Power?

The optimum siting of wind farms is often counterintuitive to the needs of the people that will use the
energy it generates (37). Wind sources are best out at sea where there are no cities, and on large, expansive
plains (here in the US on large, expansive, flat ranches) which are far from the settlements that will need it.
That means there needs to be great investment in an infrastructure to transport the energy from the place of
generation to the place of consumption if we are to use wind power as a major power source.

Like solar power, wind energy generation is not constant and varies from season to season and even day to
day, even though periods of low and high wind can be easily predicted. This means that warm, dry summers
with very little wind means that other sources of energy generation will be needed to make up any potential
shortfall (38).

Energy from wind generation is also geographically limited. As mentioned above, the best places are at sea
and on vast plains. There are areas where they are completely unsuitable such as in mountain valleys and
in urban sites where natural and artificial structures will shield any turbines from wind capture. On top of
mountains may be a good place, but the wind must be strong enough to warrant placement. Poor placement
could be a hindrance and not an advantage to power generation.

 Geothermal
One of the most intriguing concepts of renewable energy, and one being used in the US today, is harnessing
heat from under the surface of the planet produced as a result of geological processes such as natural heat
loss, volcanic activity, or from perfectly normal and safe processes such as radioactive decay (39). We have
used the heat of the Earth for centuries; hot springs all over the world have been places of spiritual
significance and centers of settlement. Indeed, one of the first examples of this form of energy is in the
Roman city of Bath in England. Not only were the hot springs a source of the famous public baths in the
city, but they were used to warm local houses and to provide a constant supply of hot, clean water to the
city's population.

We have come a long way since then, and today there are many geothermal power processing plants across
the world providing clean energy to local areas. In the US, the most significant states that use geothermal
power are Idaho, Hawaii, Alaska and Nevada (39) mostly as a result of harnessing volcanic and tectonic
processes.

 What are the Advantages of Geothermal Power?

Geothermal energy is one of, if not the, cleanest form of energy production available. We are feeding off
the heat generated by the natural motions of the Earth as it spins on its axis. The planet is a hotbed of
geological activity that is constant and renewable. It only produces as much greenhouse gas as it would
produce anyway, so there is no increase in the carbon footprint when harnessing this power source (40).
Lower production cost also means lower maintenance costs and lower end cost to the consumer. Multiple
studies have shown that geothermal energy is one of the cheapest forms presently available.

Many consider this a great answer to our growing energy needs. Though big power plants supply towns
and cities, it is possible for houses to install their own simple geothermal power system that will only have
minimal impact on the ground beneath the surface. These simple units available for the home vary in terms
of usefulness and efficiency, but it is possible for every home in the US to have one, simply drawing off
the heat from below ground (41).

 What are the Disadvantages of Geothermal Power?

The major disadvantage of geothermal power is that for the most efficient use, they are geographically
limited. The best use is from areas close to tectonic plate boundaries (40) and areas of high volcanic activity
(41). Where these are present, they can produce a limitless supply of energy that will not deplete the more
reliant we become on it, but in other areas it may not be particularly intensive, nor profitable. It may not be
the best source of energy in parts of the world with little to no volcanic activity and in a temperate climate.

While the harnessing of such energy does not produce greenhouse gases in itself, we must remember that a
large volume of carbon, methane and other harmful gases do exist beneath the surface. Locally, there is
potential for major environmental disaster should these be released as a result of feeding off the geothermal
energy; globally, we are trying to reduce the amount of GHG released into the atmosphere (40). Any
increase would be unintentional, but counterproductive to a cleaner, greener world nonetheless.

There is a heavy upfront cost that could mean initially, that energy produced as a result of this process
would be relatively expensive to the end consumer. Building large geothermal energy harnessing complexes
can be expensive and intense, and maintenance costs may be high (41). That said, in the long run it will still
be a cheaper alternative than dwindling fossil fuel sources.

 Biofuel & Biomass

Biofuel is the production of the types of fuel we use in our vehicles (though normally and typically diesel)
from plants or other organic matter rather than from the fossil fuels extracted from the ground. Biofuels
are produced in one of two ways:
  Directly processing a raw plant material, such as extracting its natural oils, and processing it into
a type of fuel
 Extraction of residues or decomposing matter as a result of natural anaerobic processes (such as
broken down by bacteria or algae into an alcohol substance - bioethanol)

Biomass is different from biofuel in that it is waste organic material such as wood and other plant matter,
and not a derivative byproduct that results from processing. Biomass is chopped wood (logs and kindling),
grasses, leaves, brush and scrub, and other raw organic material that may burn and produce energy,
including manure and animal dung. In the past, and indeed in areas where there are few trees to burn as fuel
(Arctic Circle) people may burn bone or as a source of fuel (42).

 What are the Advantages of Biofuels and Biomass?

Whether burning the organic material itself or resulting substances that are processed from the breakdown
of the raw organic material, as it is organic it is renewable. These are not a finite resource so long as we
continue to plant vegetation to replace that which we harvest (43). Thankfully, there are now laws in many
countries to ensure that deforestation does not happen on the sort of scale we used to see - even though in
some places it is still very much an ongoing challenge to prevent further deforestation in environmentally
sensitive areas (Brazil and Borneo for example).

Flexibility of source is a considerable advantage for biofuels and biomass, especially when producing liquid
fuels such as ethanol. Different topographies are suitable for different types of crop, which means that most
countries should be able to produce biofuels - it is not limited to one crop type. You can easily produce it
in temperate areas of the US as you could in more tropical or arid locations. Also, anything organic will
burn and produce energy as it request resource investment to grow - a food supply, water supply and
sunshine to photosynthesize.

The other obvious advantage on a slightly related note, is localizing supply and not being dependent on
international trade for fuel. Biofuel or biomass that is produced in a shorter radius will have a much lower
carbon footprint for having eliminated the transportation process of getting fuel from source to consumer,
and of course increases energy security (44).

What are the Disadvantages of Biofuels and Biomass?

To many, biofuels are a stopgap at best until we can find something cleaner and greener than ethanol. The
energy output of biofuels and biomass is much lower than conventional fossil fuels and much greater
quantity is needed to produce the same energy output; this is counterproductive to the lower carbon
emissions of the fuel type (45). As a knock-on effect, more areas of land will be required to produce biofuels
and biomass, meaning that we will need more land on a planet that is a finite size.

On a related note and one of the major contentions of the use of biofuel and biomass is how we can justify
turning over virgin land to agriculture to supply the world with fuel and energy while half the world's
(estimated) population still starves. Aside from the ethics, more pressure on the land will mean less space
to produce food and higher food prices (46), and more water use turned over to keep our energy needs
supplied. By volume of land, biofuels and biomass production for the purpose of energy is simply not that
efficient.
Renewables and the Economy

Any fundamental shift in technology is going to raise concerns about the economic impact of
said technology. Typically, we hear questions similar to the following:

 How will people employed in existing technology sector going to be affected, will it cost jobs?
 Will this new technology require fewer jobs overall?
 How will we train the next generation to use / engineer this technology?
 What will be the economic impact on the local economy / the country / the world?
 How will the global market be affected by this disruptive technology?
 Is it risky for individuals, businesses and the country to invest in this disruptive technology? What
if it fails? (The “the old system works, why change it?” argument)
 Read more about green & sustainability jobs and sustainability degrees.

It's perfectly natural to fear the new technology as it displaces that which we have become accustomed.
However, these fears are often misplaced; if history has shown us anything, it is that technology drives
employment as new job opportunities open to investors, new businesses start up and the world adapts to the
new technology with enthusiasm and further investment, not recession and job losses. Some technologies
will become obsolete and result in job losses, but overall the trend is an upward one.

Already here in the US, the green economy employs more people than ever before. There was significant
increase in the industry between 2006 and 2011 and again between 2011 and 2015 with more expected (47)
-particularly in wind and solar power. Between 2010 and 2011 alone, the solar industry grew by 6.8% (49).
Green technology is here to stay, and it is already providing jobs all over the world, just as the fossil fuel
industry does at present. As we become more and more reliant on it, we can expect more jobs in line with
human population growth, not just in line with reducing our dependence on fossil fuel and increasing
reliance on renewables.

The biggest economic advantage to localizing our energy supply is that most of the money spent
goes to those people producing the raw parts rather than to importing products at great cost that
provides fewer people with jobs and is not good for the economy or the environment (48). This
means supporting jobs locally and nationally. As the US is a world leader of technology to supply
renewable energy, we already have the benefit of exporting American industry - another great
economic benefit of the renewable industry.

Economic benefits are not just about job creation though; there is a second important aspect and that is the
cost of living. Time and time again, we have seen that energy from renewables is cheaper to produce than
that produced by conventional fossil fuels with solar leading the way in getting cheaper and cheaper every
year (50). A lower cost of living means more money in the pocket for the average citizen, which means
more money to put into other areas of the economy - savings and expenditure. These prices are also likely
to remain stable compared to the fluctuating (and sometimes erratic) nature of fossil fuels (47). Since the
economic downturn of 2008, oil gas and coal have all spiked and dropped. This is not good for any
country's economy, and certainly not for the global market.