Renewable energy experts predict that very soon, clean energy will phase out coal and avert the looming catastrophic effects of climate change. It is anticipated that in the next 20 years new clean energy technologies will allow for faster decarburization of energy consumption in the world. Because of these newer clean energy sources, many of the present-day coal fired power plants that currently provide about 40% of the world's power will be shut down by 2030. This will lead to the reduction of global carbon dioxide emissions by up to one third, as well as the creation of millions of new jobs in clean energy. In addition to slowing down climate change, reducing our dependence on fossil fuels will also aid in jump-starting the recovery of the global economy. There are various phases involved in decarbonizing the global energy economy. These include:
Accelerating the deployment of wind, solar and biomass power plants.
Integration of variable power sources with digital smart grids with enhanced flexibility in balancing supply and demand.
Development of capacity for the economical storage of energy.
Selectively adding a new generation of efficient micro power plants which provide heat as well as reliable electricity when required.
The immediate challenge for investors is to maintain the momentum of the last few years in light of the global economic recession which impacted all forms of clean energy investment. All clean energy investment efforts must now focus on the newer industries which are dominated by small, under-capitalized companies which tend to also be more vulnerable.
Polaris Energy is a direct provider of solar energy investments. Polaris Energy's alternative energy projects offer potentially lucrative Returns on Investment (ROI) for investors with a wide range of electricity production. There are several types of alternative energy investments that people can feel comfortable investing in. For more Information, visit them at: http://www.polarisenergy.com/