1.3 Advantages, Benefits & Disadvantages of Renewable Power Resources
Environmental Benefits
Renewable energy technologies are clean sources of energy that have a much lower environmental impact than conventional energy technologies. Generating energy that produces no greenhouse gas emissions from fossil fuels and reduces some types of air pollution.
Sustainability
Sustainable energy refers to energy produced and used in a manner that meets the needs of the present generations, without compromising the ability of the future ones to meet their own needs.
Renewable energy will not run out. Ever, other sources of energy are finite and will someday be depleted
Jobs and the Economy
Most renewable energy investments are spent on materials and workmanship to build and maintain the facilities, rather than on costly energy imports.
Renewable energy investments are usually spent within frequently in the same state, and often in the same town.
This means your energy dollars stay home to create jobs and fuel local economies, rather than going overseas. Diversifying energy supply and reducing dependence on imported fuels.
Creating economic development and jobs in manufacturing, installation, and more.
Energy Security
The basic aim of energy security for a nation is to reduce its dependency on the imported energy sources for its economic growth.
Imports of oil and coal have been increasing. The dependence on energy imports is projected to increase in the future.
Oil imports, coal imports, and imports of gas and LNG (liquefied natural gas) are likely to increase in coming years.
This energy import dependence implies weakness to external price shocks and supply fluctuations, which threaten the energy security of the country.
The need to deal with oil price fluctuations also necessitates measures to be taken to reduce the oil dependence of the economy, possibly through financial measures to reduce demand and by developing alternatives to oil, such as natural gas and renewable energy
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