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Topic: Are Renewable Energy resources the future? (Read 896 times)

jr. member
Activity: 32
Merit: 2
February 12, 2022, 04:45:12 PM
Does anyone know any Coin which channels a part of the value generated into renewable energy sources?
hero member
Activity: 1750
Merit: 904
February 11, 2022, 02:47:57 AM
Kinda old post but I'll just share my opinion. I don't think renewable energy, in its current state, is enough to completely fulfill our current (and growing) energy demands. I'm convinced with the advocacy of switching to nuclear as a gap in the transition from fossil fuel to renewables. If we're mostly concerned about CO2 then it's definitely less polluting than oil or coal. Of course there's the issue of where to dump the waste and the fear of meltdown.

For the renewable, I'm not that hopeful with solar although for home use it is the most accessible (though I'm yet to find someone who was completely switched to solar, they just use it to cut down on their conventional electricity use). I think hydro and geothermal are the most efficient but they are limited by geography.

I recently saw a video from Nas Daily, about the Barakah nuclear plant in the UAE, if I am not mistaken, which is currently producing more than 1/4 of the whole country's electricity demand. Despite having awful examples in the past, Chernobyl, Fukushima and probably a few others, I also believe that their technology has vastly improved, by learning what went wrong during these incidents, and eventually in the future it could potentially be one decent solution against fossil fuels, along with forms of renewable sources, supposing we find a way to process nuclear waste safely.
full member
Activity: 1848
Merit: 158
February 10, 2022, 06:13:19 PM
We don’t know that yet, but the world is taking every opportunity to switch to renewable energy sources. Nowadays you can see a lot of campaigns that are promoting the use of renewable energy sources, and condemning the use of fuel and the rest of other sources that are harmful to the environment. It is like a regular thing these days, and there are also companies now that are more focused on having energy sources that are renewable and not harmful to the environment.

This trend seems to be growing day by day, and as time goes on it’s quite possible that it would become a huge trend and most companies would be switching to it. I don’t think there would be any that would like to be left behind when most others have switched to a better source that doesn’t harm the Environment.

Climate change is a global problem that we are facing today. This is why the rise of utilizing renewable energy sources is very much encouraged. And this is true, because more and more people are going into the use of solar panels or wind turbine and other renewable energy. Even in construction industry, they are promoting the green construction concept. I believe humanity will indeed find ways how to address this global problem. Because it is on our hands how we want our future to be on this planet.
legendary
Activity: 2464
Merit: 1102
February 10, 2022, 12:51:28 PM
In my opinion these are the energy sources of the future, because most of the resources such as coal, oil, .... we humans have exploited are increasingly exhausted and if there is no alternative resource. OK. It is very possible that one day humanity will return to the primitive age without electricity without modern devices as it is now. but currently it is very limited and is only widely used in developed countries with modern scientific technology.
The bigger problem is that all of those things causes people to pollute the earth as well. If you check the biggest polluters in the world, you will realize that most of them are energy companies, which is a proof that all these oil and gas situations are actually terrible for the world as well. Not only they are taking the limited resources we have in this world, but they are also making the climate problem a big trouble for all of us at the same time.

Maybe it will be too late, or maybe it won't be too late but I am 100% sure that we will end up with a renewable energy solution eventually where everything will be a lot better in the end, may take some time before it happens though.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
February 08, 2022, 11:22:48 AM
We don’t know that yet, but the world is taking every opportunity to switch to renewable energy sources. Nowadays you can see a lot of campaigns that are promoting the use of renewable energy sources, and condemning the use of fuel and the rest of other sources that are harmful to the environment. It is like a regular thing these days, and there are also companies now that are more focused on having energy sources that are renewable and not harmful to the environment.

This trend seems to be growing day by day, and as time goes on it’s quite possible that it would become a huge trend and most companies would be switching to it. I don’t think there would be any that would like to be left behind when most others have switched to a better source that doesn’t harm the Environment.
We "kind of" know it. How? Well non renewable energy sources will be over eventually, maybe it will take 5 years, maybe 10, maybe 100 but they will be eventually over. By that time world could be gone because of all the horrible way we treat our planet but even if it stays, that means they will be all gone. This results with renewable energy having the only path to go. This is known so companies are already making a good amount of investment into renewable energy. In fact the increase in investment to renewable is bigger than the new investment fossil ones are getting.

So, this math shows that "eventually" renewable energy sources will be our future and current methods will be gone. We also need to realize that energy is something we are lacking a lot, and if we keep on using it like this, only thing that could survive us will be renewable ones.
jr. member
Activity: 32
Merit: 2
February 08, 2022, 10:05:57 AM
Do you think that Crypto coins can promote the usage of renewable energy sources or facilitate similar projects in the future?
copper member
Activity: 2254
Merit: 608
🍓 BALIK Never DM First
February 08, 2022, 02:22:55 AM
Yes the cost of solar panels have greatly reduced over the years and as we can see we now have a lot of devices that can be easily powered by solar. Not only that they are cheap but they are also friendly to the environment.
I think this can encourage more people to switch on solar than to the standard type of electricity. Haven't heard any new inventions related on the renewable energy. Did they run out of idea already? Because there have been a good number of inventions that we saw on the past but I believe that they modify it and they make it more better. Renewable energies are the future because like I said earlier they are more cheaper and more greener.
The problem right now is that the storage and transmission of it is not easy. It means if you build a huge solar farm somewhere in the middle of nowhere, then you will have a lot of difficulty to store it and sell it to someone 1000kms away from that farm.
If you want to put solar panels on the roof of your house, it works wonders, my friends did it for their summer house and they do not pay a single cent for their electricity, it costed them around 6 years worth of electricity bill, which sounds a lot when you pay it right now, but imagine putting that amount aside every single month after you already have that panel, you would be making a profit, and bills keep going up each year due to inflation, add that in and its even quicker and much more profitable. So right now, individually it is by far the best solution, but as a business it is still quite difficult to handle the storage and transferring part.

The world is already suffering from an energy crisis, that's why researchers think of renewable energy as our future.
We have already got many benefits of renewable energy, you know, many of us have solar panels in our homes, which is Quiet Useful.

The fuels we use emit large amounts of carbon dioxide, which is extremely harmful to our environment, but the use of renewable energy can protect the earth from excessive carbon dioxide emissions and global warming. That means renewable energy is environmentally friendly.

But the negative side is also worth thinking about, I don't know how much the next world will be able to make good use of renewable energy. Because it is expensive to use and about 90% of the country is suffering from serious debt due to pandemic situations.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
February 07, 2022, 05:33:12 AM
We don’t know that yet, but the world is taking every opportunity to switch to renewable energy sources. Nowadays you can see a lot of campaigns that are promoting the use of renewable energy sources, and condemning the use of fuel and the rest of other sources that are harmful to the environment. It is like a regular thing these days, and there are also companies now that are more focused on having energy sources that are renewable and not harmful to the environment.

This trend seems to be growing day by day, and as time goes on it’s quite possible that it would become a huge trend and most companies would be switching to it. I don’t think there would be any that would like to be left behind when most others have switched to a better source that doesn’t harm the Environment.
full member
Activity: 1134
Merit: 140
February 07, 2022, 12:33:00 AM
In Europe many countries are heavily investing in renewable energy to obtain climate neutrality by the end of this decade. Many countries have already joined and more are going to join.
For the good of our world, that is what has to be done. I have been seeing the trend of countries that has plans of switching to renewable energy sources before the decade is over. So, I believe that in the next few years to come that renewable energy sources are going to be a huge thing in our world, and a lot of countries will be opting for this source of energy instead of the old ones that we have been using. This would be a way to save our environment from harmful substances,. It is all going to be a gradual process, and it will be achieved.
legendary
Activity: 3318
Merit: 1128
February 06, 2022, 12:24:02 PM
Yes the cost of solar panels have greatly reduced over the years and as we can see we now have a lot of devices that can be easily powered by solar. Not only that they are cheap but they are also friendly to the environment.

I think this can encourage more people to switch on solar than to the standard type of electricity. Haven't heard any new inventions related on the renewable energy. Did they run out of idea already? Because there have been a good number of inventions that we saw on the past but I believe that they modify it and they make it more better. Renewable energies are the future because like I said earlier they are more cheaper and more greener.
The problem right now is that the storage and transmission of it is not easy. It means if you build a huge solar farm somewhere in the middle of nowhere, then you will have a lot of difficulty to store it and sell it to someone 1000kms away from that farm.

If you want to put solar panels on the roof of your house, it works wonders, my friends did it for their summer house and they do not pay a single cent for their electricity, it costed them around 6 years worth of electricity bill, which sounds a lot when you pay it right now, but imagine putting that amount aside every single month after you already have that panel, you would be making a profit, and bills keep going up each year due to inflation, add that in and its even quicker and much more profitable. So right now, individually it is by far the best solution, but as a business it is still quite difficult to handle the storage and transferring part.
sr. member
Activity: 1036
Merit: 279
February 06, 2022, 11:32:14 AM
Kinda old post but I'll just share my opinion. I don't think renewable energy, in its current state, is enough to completely fulfill our current (and growing) energy demands. I'm convinced with the advocacy of switching to nuclear as a gap in the transition from fossil fuel to renewables. If we're mostly concerned about CO2 then it's definitely less polluting than oil or coal. Of course there's the issue of where to dump the waste and the fear of meltdown.

For the renewable, I'm not that hopeful with solar although for home use it is the most accessible (though I'm yet to find someone who was completely switched to solar, they just use it to cut down on their conventional electricity use). I think hydro and geothermal are the most efficient but they are limited by geography.

 
While solar panels are great and have gotten way cheaper than they used to, in order to have an effect globally, it would require mass adoption, which is quite a procedure for most households. On the other hand, if I had my own house, I'd definitely invest in producing my own energy. Along with an electric car, it would significantly reduce living costs and achieve ROI within a few years.

Yeah that's the main barrier. It can require a hefty upfront cost which the people who would benefit the most, the lower income families that have small power usage, can't afford.
jr. member
Activity: 32
Merit: 2
February 06, 2022, 10:25:46 AM
In Europe many countries are heavily investing in renewable energy to obtain climate neutrality by the end of this decade. Many countries have already joined and more are going to join.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
February 06, 2022, 10:20:01 AM
Renewable energy is a source of energy that we can use once and reuse over time. This renewable energy source is believed to help us in the future.
But, there are various debates about this. I have read some news about this. As far as the idea came after reading it, this is exactly what the future energy system will depend on renewable energy. Because of the growing demand for fossil fuels in this world, the amount of fossil fuels is very small.

But in some cases, the use of renewable energy remains a barrier.  According to many, using renewable energy can cost a lot of money but coronavirus has brought our world to such a stage that many countries are now bankrupt and many people are unemployed. Again, many are not able to rely on renewable energy.

But what is the harm to hope? European countries are now constantly inventing new technologies. Maybe one day the renewable energy of technology will overcome these obstacles and become fully usable for human beings.
hero member
Activity: 1750
Merit: 904
February 06, 2022, 08:35:09 AM
While solar panels are great and have gotten way cheaper than they used to, in order to have an effect globally, it would require mass adoption, which is quite a procedure for most households. On the other hand, if I had my own house, I'd definitely invest in producing my own energy. Along with an electric car, it would significantly reduce living costs and achieve ROI within a few years.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
February 06, 2022, 05:59:11 AM
We do not yet have a reasonable enough way out than to rely on the increasing use of renewable energy sources. I have been interested in solar panels for a long time and see that their cost is constantly falling, and the efficiency is growing. For this, other, cheaper materials and new technologies and inventions are used. It was necessary to switch to renewable energy sources much earlier, now there would be no problems with the environment, climate change and the energy crisis. The corporations that produced oil and gas slowed down this process. The world will now be forced to switch to alternative energy sources. I also think that soon we will see various inventions regarding other energy sources. Of course, all these new sources of energy are the future.
Yes the cost of solar panels have greatly reduced over the years and as we can see we now have a lot of devices that can be easily powered by solar. Not only that they are cheap but they are also friendly to the environment.

I think this can encourage more people to switch on solar than to the standard type of electricity. Haven't heard any new inventions related on the renewable energy. Did they run out of idea already? Because there have been a good number of inventions that we saw on the past but I believe that they modify it and they make it more better. Renewable energies are the future because like I said earlier they are more cheaper and more greener.
hero member
Activity: 1974
Merit: 534
February 06, 2022, 03:31:37 AM

Solar is great, the chart for cost per watt is like a ski jump.  Its fallen so much I hope solar is massively more viable ongoing then it used to be even in fairly northern parts of the world, obviously its been viable in a desert terrain for a while.    Big one I heard is skyscrapers with all the windows able to function as part solar panels, thereby the building becomes justified in its energy usage; really big if true since cities are natural polluters.


I agree with you, Solar power is the future and we will see another push in the next 5-10 years. The efficiency of solar power is constantly growing and once we solve the problem of more easy ways to transfer and store energy it will be the main of energy. Building large Solar farms at the best locations on earth with plenty of sunlight and then transferring the energy to unfavourable locations will be the key. Why not take advantage of free energy that is provided by the sun every day? In my country the government is just changing the law, and any new build residential roof needs to have solar panels on top of it in the future. This will transform the energy consumption for the residential sector. As for industry solar power is probably not strong enough and requires other forms of energy. In my opinion Solar and Nuclear power is going to be the future.
STT
legendary
Activity: 4102
Merit: 1454
February 06, 2022, 03:00:37 AM
Solar is great, the chart for cost per watt is like a ski jump.  Its fallen so much I hope solar is massively more viable ongoing then it used to be even in fairly northern parts of the world, obviously its been viable in a desert terrain for a while.    Big one I heard is skyscrapers with all the windows able to function as part solar panels, thereby the building becomes justified in its energy usage; really big if true since cities are natural polluters.

Quote
storage of excess energy is an issue (one that Bitcoin mining can actually help alleviate)

I see a few people really disagree with this idea but I do think BTC is useful for remote energy use out of hours and so on it has a purpose not obvious at first site.   I think the simple idea of pumping water up a mountain to a reservoir is superior for storing energy longer term.   Theres a few other ideas but on a base level BTC is finance efficiency not the literal storage of the physical.   These two things arent really separate, its really about timing and peak energy usage being available so yes I think BTC has relevance in its continual demand and ability to be placed almost anywhere.
full member
Activity: 2142
Merit: 183
February 06, 2022, 01:32:31 AM
I doubt that the result from using renewable energy on the environment will be convincing enough to make the world rely on it completely. It's more like a drug everyone has high hope on but once the drug is not working as expected they don't depend on it too as a cure for their problems.
We do not yet have a reasonable enough way out than to rely on the increasing use of renewable energy sources. I have been interested in solar panels for a long time and see that their cost is constantly falling, and the efficiency is growing. For this, other, cheaper materials and new technologies and inventions are used. It was necessary to switch to renewable energy sources much earlier, now there would be no problems with the environment, climate change and the energy crisis. The corporations that produced oil and gas slowed down this process. The world will now be forced to switch to alternative energy sources. I also think that soon we will see various inventions regarding other energy sources. Of course, all these new sources of energy are the future.
hero member
Activity: 1750
Merit: 904
September 23, 2021, 12:32:44 PM
I'm all in for electric vehicles, I mostly like their concept and its benefits, not paying for petrol, they have immense acceleration and so on. However, I don't believe that they are fully developed for mass usage. They are still quite expensive and till a few years ago, Tesla was the largest competitor. The Tesla Model 3 for instance, costs approximately $50-60.000.

During the past few years, more and more EVs are being developed, such as Hyundai, Volkswagen, KIA, Volvo and a few others.

Increased competition should result in these vehicles becoming more affordable. I can see a considerable reduction in the monopoly in high-end EVs that Tesla had, in recent times. Tesla had the advantage that they were the first ones to mass produce EVs, but now other automobile manufacturers seems to have realized that EVs are going to be the next big thing in this sector. And despite the monopoly that Tesla had, they never contributed anything positive to the EV sector. If they had done something useful, then we would be having a much more affordable and reliable battery technology by now.
Tesla used to be the main competitor in the EV sector, that's why their prices were so high as well. On top of that, Tesla had a terrible policy when it came to servicing and salvage vehicles. Despite EVs being a pretty new market, there are already quite a few models, from different companies, that have recently been introduced to the market, reducing the monopoly effect Tesla had on the market.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
September 21, 2021, 10:40:46 PM
I'm all in for electric vehicles, I mostly like their concept and its benefits, not paying for petrol, they have immense acceleration and so on. However, I don't believe that they are fully developed for mass usage. They are still quite expensive and till a few years ago, Tesla was the largest competitor. The Tesla Model 3 for instance, costs approximately $50-60.000.

During the past few years, more and more EVs are being developed, such as Hyundai, Volkswagen, KIA, Volvo and a few others.

Increased competition should result in these vehicles becoming more affordable. I can see a considerable reduction in the monopoly in high-end EVs that Tesla had, in recent times. Tesla had the advantage that they were the first ones to mass produce EVs, but now other automobile manufacturers seems to have realized that EVs are going to be the next big thing in this sector. And despite the monopoly that Tesla had, they never contributed anything positive to the EV sector. If they had done something useful, then we would be having a much more affordable and reliable battery technology by now.
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