In this context, diversification of energy resources has to be promoted to reduce our overwhelming dependency on fossil fuels. An increasing number of nations are embarking on renewable energy projects, which, are expected to contribute significantly to a sustainable energy mix. Royal Dutch Shell predicts that 50% of global energy needs will be met by renewable sources by 2040.
Based on the Renewable 2010, Global Status Report, approximately 19 per cent of the world’s energy supply will come from
renewable energy resources, especially biomass (13 per cent) and hydropower (3.2 per cent) in the near future. Recent developments in the solar and wind industries signify further breakthroughs from the renewable energy sector. The price of wind power is competitive to that of conventional electricity, while solar power is expected to get there around 2015. A Virginia man recently installed a windmill at his home, and we may soon be roofing with solar cells.
It is said that an hour of sunlight that reaches the earth could be harnessed for global energy needs for an entire year! From the viewpoint of clean energy, nuclear power is in the limelight again as it can generate electricity with little or no CO2 emission. Equipped with better safety measures, many countries are moving ahead with the modernization and expansion of their nuclear power industries.
According to an IEA forecast, some 300 nuclear power plants will be constructed by 2030. Nuclear power plants can produce electricity on a continual basis, 24 hours a day, seven days a week regardless of climate vagaries. A renaissance of nuclear power is expected throughout the next few decades until renewable energy is fully developed and sufficiently efficient to replace fossil fuels.
Other energy sources, gaining in prominence, are hydrogen, fuel cells, algae, wave, ocean thermal and artificial photosynthesis.
NASA has been using liquid hydrogen since 1970s to power its space shuttle’s electrical systems. It is expected that hydrogen could be used to fuel vehicles and aircrafts. In the not too distant future, hydrogen, along with electricity, may store, move and deliver energy in an efficient manner to users.
Through artificial photosynthesis, energy from sunlight can be converted to chemical
energy. This produces a clean, efficient and
sustainable source of energy. Researchers at the Berkeley Lab (University of California) have discovered that when chlorophyll molecules absorb more solar energy than is needed, molecules of zeaxanthin (within the plant) carry away excess energy.
By emulating nature’s techniques and creating artificial versions of photosynthesis, the potential to tap energy from the sun are much brighter. Although technological breakthroughs are fundamental to the development of new energy resources, we have to recognise that technology alone will not be sufficient to fill all dimensions of an energy system. Energy efficiency, policy and regulation and awareness form key instruments in shaping energy’s future.
Sustainability policies must be part of a coherent policy framework. Without these, imagine the future we are creating for our children...Never take energy for granted!
Back to Insights Area