Government policies and procedures differ vastly, from one country to another, around the world. Keeping country’s political and economic conditions in mind, its government puts regulatory frameworks in place for the betterment of its people and its economy. So it’s not surprising to see that each country has a unique set of priorities and goes about handling them in its unique way. But there’s one particular phenomenon that is common in most countries across the world, and that is governments favouring and actively encouraging the use of renewable energy resources of their citizens. From developed countries like the USA to developing countries like India, everyone seems to be interested in renewable energy resources. Why is that? What is it about renewable energy resources that have governments across the world offering incentives and rebates to promote the use of renewables? Why do you need to know the benefits of EuroSolar panel system?
With scientists warning us that global warming is an alarming reality, there has been an immediate need for change, as far as our consumption of energy resources and its effect on the environment is concerned. It has led to governments across the world trying to find alternative sources of energy. Renewable energy sources, such as solar power, are on the top of their list. It, in turn, has led to governments offering attractive incentives to encourage individuals to invest in such clean energy. Many governments are also working towards investing in solar energy and implementing it on a large scale in the future.
Unpredictable Oil Prices
Looking at the past, it has become clear that heavy dependency on oil to provide energy can lead to disastrous results, even affecting a country’s national economy. With oil prices being so unpredictable, it goes without saying that it’s time that we started looking for other, more viable energy resources. And this is where renewable energy comes to the forefront. Being heavily depend on imported oil can be a major drawback for any government. So without a doubt, renewable energy is the way to go and governments have realised this crucial factor and are working on making it a reality.
There is a huge demand and need for sustainable energy resources. Governments are aiming to decrease their dependency on traditional energy resources and move to newer, more efficient and sustainable avenues of power generation. A stable power supply is the need of the hour, and that can only be guaranteed when a country’s major supply of electricity comes from renewable, environment-friendly sources. It has become evident over the years that renewable energy is currently the only long-term solution there is to take care of the current energy crisis of the world.
Privatisation of Energy Markets
There is a global trend of moving towards the deregulation and privatisation of energy markets. It has been a major catalyst in bringing solar power and other renewable energy resources to the governments’ attention and ensuring that they do all they can to propel their respective countries towards adopting and utilising such clean energy in place of conventional energy resources.
Unlike the fossil fuel markets, which are mostly mechanised, renewable energy markets depend heavily on manual labour. It means that more jobs are created, and that is always a priority for the government. Any industry that opens more job opportunities are looked upon favourably, and that’s the case with the renewable energy sector as well.
A Greener Future
Governments have made it their priority to work towards ensuring a greener, cleaner future for our generations to come. It requires them to do their best to reduce pollution and ensure that disasters such as oil spills do not continue to contaminate our environment on such a large scale. The need for a greener tomorrow has been pushing governments, environmental activists, as well as the general public, to make better decisions when it comes to the use of energy resources. With its minimal carbon footprint and long-lasting lifespan, solar power is being lobbied by many governments as the energy source of the future.
While energy resources such as coal and oil deplete, thereby forcing prices to skyrocket, renewable energy, as its very name suggests, is renewable. It is a huge factor that makes renewable energy such an attractive perspective and has got governments all over the world so very interested
Stabilised Energy Prices
Renewable energy has helped maintain energy prices, and it has been predicted that they will help lower energy costs in the future. Dependence on conventional energy resources can lead to fluctuating, highly volatile and unpredictable energy prices. The only way to stabilise energy prices and bring down the rates is to shift our focus towards renewable energy. Also, the costs of setting up renewable energy generators have been steadily dropping, which is great news as this means that energy prices can potentially reach an all-time low shortly. For instance, solar panels used to cost almost 60% more than what they do now. With the lowered costs, it is only a matter of time before electricity prices start dropping as more and more people opt for solar power to meet their electricity needs.
A More Resilient System
When Hurricane Sandy hit the United States in 2012, fossil-fuel generated electric systems were heavily damaged, leaving millions of people stranded without any electricity. What was noteworthy in that scenario is that renewable energy systems withstood the hurricane and continued generating power without a hitch. It is an example of how renewable energy systems are so much more resilient than non-renewable energy systems.
Over the years, there has been a slow but steady increase in the investment and use of renewable energy resources. Both governments and citizens alike seem to have a vested interest in ensuring that their country is not left behind when it comes to having sustainable, clean energy. We’ve seen this in the form of governments offering incentives, rebates, and tax exemption for renewables. And for their part, people are coming forward to invest in renewable energy, even when the initial cost of investment is high, and it’ll take a couple of years for them to get a return on their investments.