There are many variables to consider. To answer this correctly I would need to know the specific type or category of the energy source your thinking of. For example- Sunlight,Geothermal heat, wind etc and the technologies that go with each.
True. While renewable energy sources can be more expensive to set up and maintain initially compared to fossil fuels, they offer long-term cost savings due to their abundance and sustainability. In the long run, transitioning to renewable energy can help reduce overall energy costs.
Although renewable energy sources are better for the planet, they are not so good for your pocket. Solar panels etc. can cost alot of money to install, but governments are slowly introducing a rebate or cash back for people who do turn to renewable energy.
you said it yourself…it's renewable. less messy too, i guess. no need to excavate tons of coal. but then, i guess the cost of the equipment used to process geothermal energy is probably higher.
The future cost of fossil fuels will depend on various factors such as supply and demand, government policies, and advancements in renewable energy technologies. As we move towards a more sustainable energy future, the cost of extracting and using fossil fuels may increase due to regulations, while renewable energy sources are becoming more cost-effective. This transition may lead to fossil fuels becoming more expensive over time.
Energy sources on Earth are mainly used for electricity generation, transportation, and heating/cooling. The primary sources include fossil fuels (coal, oil, natural gas), renewable sources (solar, wind, hydro, geothermal), and nuclear energy. The choice of energy sources depends on factors like availability, cost, environmental impact, and technology.
This is a world-wide problem not confined to any particular country; it exists because the cost of non-renewable energy sources is, so far, significantly less than the cost of renewable sources.
well cost, and some are hard to obtain
The advantages is that non renewable energy cost less and it's always available.
Energy is not renewable. The sources to make that energy may be. After the initial cost of plant and equipment some sources are practically free so the only costs are maintenance costs..
Renewable energy sources are infinite and do not deplete the Earth's resources, unlike non-renewable sources like fossil fuels. Renewable energy also has lower greenhouse gas emissions, contributing to a cleaner environment and helping combat climate change. Additionally, renewable energy technologies are becoming more cost-effective and can create jobs in local communities.
You need energy to survive
Renewable energy sources like solar and wind are becoming increasingly cost-competitive with fossil fuels like coal and natural gas. The cost of renewable energy has been decreasing over the years, making it a more attractive option for many consumers and businesses. However, the initial investment in renewable energy infrastructure can be higher than traditional fossil fuel infrastructure, but the long-term savings and environmental benefits often outweigh this initial cost.
We are still dependent on fossil fuels due to factors such as the intermittency of renewable sources like solar and wind energy, limitations in energy storage technology, and the high cost of transitioning existing infrastructure to renewable sources. Additionally, some regions may lack the necessary resources or infrastructure to fully utilize renewable energy at present.
Renewable energy sources like solar and wind are becoming increasingly cost-competitive with fossil fuels like coal and natural gas. The cost of renewable energy has been decreasing over the years, making it a more affordable option for generating electricity. In some cases, renewable energy sources can be cheaper than fossil fuels, especially when considering the long-term environmental and health benefits.
1. the energy is renewable. 2. low cost
Renewable energy resources are already in use, and are viable. Like all energy sources, renewable sources have considerations of cost, availability, and attainability. Attainability factors strongly into the cost of producing energy from the resource. Resources like hydropower are cheap (easily attained), and have been employed for millenia, but the availability of hydropower is limited. Resources like solar power are widely available, but difficult to attain for large-scale energy production. Solar power is often used in small devices. When the overall cost (factored over the life of the production facility) of creating energy from a renewable resource is near to the cost of other resources, then it will be viable to use.
True. While renewable energy sources can be more expensive to set up and maintain initially compared to fossil fuels, they offer long-term cost savings due to their abundance and sustainability. In the long run, transitioning to renewable energy can help reduce overall energy costs.