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I believe that this is a good investment. It is likely that the energy industry will experience one of the most significant transformations over the next couple of decades. Energy consumption is increasing at a rate that's faster than the amount of energy that's being produced.

Fossil fuels are depleting which caused companies and governments to find other energy resources.

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Q: Why is renewable energy resources widely used?
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Related questions

What are all the main renewable energy resources?

Renewable source of energy creates little or no pollution compared to burning of fossil fuels.Solar energy is widely used renewable source of energy.Hydroelectric energy and wing energy is also used as a renewable sources of energy.


What are the most common renewable resources used in the Nordic nations?

What are most common renewable energy resources used in the Nordic nations.Geothermal energy in Iceland.


Which non renewable energy do you use the most?

Coal is the most widely used source of non-renewable energy.


Where can renewable energy resources be used instead of fossil fuels?


What resources cannot be used up.?

Renewable resources cannot be used up. Examples of this are: solar energy, wind energy, etc.. This is in contrast to non-renewable resources, such as fossil fuels.


What are two renewable resources that are widely used today?

Solar and Hydro electricity


How are renewable resources used to produce energy?

nothing


What is the word for energy resources that cannot be refused after the are used?

Energy resources that can not be replaced are known as non-renewable. Coal, natural gas, and crude oil are three examples of resources of energy that once used, have gone for good.


Renewable energy comes from natural resources that can be used up What are two kinds of renewable energy?

Your question is not correct. Renewable energy comes from natural resources that are NOT used up. That's why it is called renewable.Two kinds of renewable energy that can be captured to generate electricity are:solar powerwind power.


Which renewable energy is most widely used today?

hydroelectric power


What renewable energy resources are not in danger of running out?

All renewable energy resources are not in danger of running out. That's why they are renewable. They keep on coming and can be used over and over again. (Non-renewable energy resources are like coal, which can only be used once.) The sun is a renewable source of energy that is no danger of running out, not for billions of years. Wind and water power and the power of the tides, and geothermal energy from deep under the ground are also not in danger of running out.


What is a definition of renewable resources?

Renewable resources are resources that will not run out, be used up. They can be replenished naturally over a period of time. eg solar energy, timber