Renewable Energy

Introduction to Renewable Energy

Nonrenewable energy sources are natural energy sources that are finite, or in limited supply.The supplies will dwindle as we consume them, eventually exhausting them altogether

1) Hard time to produce electricity2) Difficult to generate3) Reliability of supply4) Large capital cost

Anderson, Dennis 2006. Costs and finance of abating carbon emissions in the energy sector. Backgroundreport for the Stern Review. London, Imperial College.

"I have no doubt that we will be successful in harnessing the sun's energy. If sunbeams were weapons of war, we would have had solar energy centuries ago. " - George PorterNobel Prize winner in Chemistry, 1967

Renewable energy is generally defined as energy that comes from resources which are continually replenished on a human timescale such as sunlight, wind, rain, tides, waves and geothermal heat.

What is the ENERGY PROBLEM???

RENEWABLE

Solar energy

Wind Energy

Geothermal energy

Biomass Energy

NON-RENEWABLE

Resource

• High Capital Cost• No/Low Fuel Cost• Low On-Going Cost• Social Cost depend on The Scale of Production• Long Term Investment

Renewable energy is cost efficient.....

EcoKids. (2013). Renewable Energy. [Online]. [Accessed 22-09-2013]. Available from World Wide Web: http://www.ecokids.ca/pub/eco_info/topics/renewable_energy/#description

Krupnick Alan J. and Dallas Burtraw (1996). The Social Costs of Electricity: Do The Numbers Add Up?RFF Discussion Paper 96-30.