7 Reasons Why Future of World Economy Depends on Renewable Energy
Jan 14
Investing in alternative energy might be a very smart choice nowadays. It is an investment in the future of energy, but not only! An investment in renewable energy means a great opportunity to save the planet and get a good return on your investment capital at the same time. Many alternative energy companies are still penny stock companies, even though they offer huge potential for an investor for high returns.
The world economy relies on many different factors, and one of these factors is energy. Energy can be divided into two types: renewable energy and nonrenewable energy. Renewable energy sources include biomass energy, solar energy, wind energy, geothermal energy, hydro energy and tidal energy. Nonrenewable energy sources includes oil, natural gas, coal and nuclear energy. Renewable energy sources are already in use to some degree. Biofuels like ethanol and biodiesel are already being produced and used in the United States and many other countries. The same is true of wind power and solar power, but these two energy sources are not yet very dependable or cost effective.
1. Fossil Fuels Will Not Last Long
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