Green Energy

November 18, 2023by Rajen Gala CFP, CTEP0

Green energy is a term for energy that comes from renewable sources. The terms ‘green energy’ and ‘renewable energy’ are often used interchangeably, but there is one essential (and sometimes confusing) difference between them. While most green energy sources are also renewable, not all renewable energy sources are considered entirely green.

Green energy is often referred to as clean, sustainable, or renewable energy. The energy sources such as sunlight, wind, rain, tides, etc. can be called as green energy. The production of green energy doesn’t release toxic greenhouse gases into the atmosphere, meaning it causes little or no environmental impact.

Renewable energy includes resources that rely on fuel sources that restore themselves over short periods of time and do not diminish. A renewable energy source may not be considered ‘green’ if, for example, power generation that burns organic material from sustainable forests may be renewable, but it is not necessarily green, due to the carbon dioxide produced by the burning process itself.

Green energy sources are usually naturally replenished, as opposed to fossil fuel sources like natural gas or coal, which can take millions of years to develop. Green sources also often avoid mining or drilling operations that can be damaging to eco-systems.

Most common forms of such energy are as follows,

Solar Power is energy from the sun that is converted into thermal or electrical energy. Solar energy is the cleanest and the most abundant renewal energy source available. Solar technologies can harness this energy for a variety of uses, including generating electricity, providing light or a comfortable interior environment, and heating water for domestic, commercial, or industrial use.

Wind power harvests the primary energy flow of the atmosphere generated from the uneven heating of the Earth’s surface by the Sun. Therefore, wind power is an indirect way to harness solar energy. Wind power is converted to electrical energy by wind turbines.

Hydropower also known as hydroelectric power, this type of green energy uses the flow of water in rivers, streams, dams or elsewhere to produce electricity. Hydropower can even work on a small scale using the flow of water through pipes in the home or can come from evaporation, rainfall or the tides in the oceans.

Geothermal energy is type of green power uses thermal energy that has been stored just under the earth’s crust. While this resource requires drilling to access, thereby calling the environmental impact into question, it is a huge resource once tapped into. Geothermal energy has been used for bathing in hot springs for thousands of years and this same resource can be used for steam to turn turbines and generate electricity.

Biomass energy, sometimes known as ‘bio energy’, is the energy that is derived from organic matter of plants and animals. Biomass in the form of dead plants, trees, grass, leaves, crops, manure, garbage, animal waste can be a great source of alternative fuels that can be used to replace fossil fuels. Plants make use of a process called photosynthesis that converts energy from the sun into chemical energy.

This energy gets transferred to animals when they eat plants. When plants and animal waste are burned, the carbon dioxide and waste stored inside them are released back into the atmosphere.

Biofuels energy gets transferred to animals when they eat plants. When plants and animal waste are burned, the carbon dioxide and waste stored inside them are released back into the atmosphere.

Green energy is important for the environment as it replaces the negative effects of fossil fuels with more environmentally-friendly alternatives. Green energy can also lead to stable energy prices as these sources are often produced locally and are not as affected by geopolitical crisis, price spikes or supply chain disruptions. The economic benefits also include job creation in building the facilities that often serve the communities where the workers are employed.

Due to the local nature of energy production through sources like solar and wind power, the energy infrastructure is more flexible and less dependent on centralised sources that can lead to disruption as well as being less resilient to weather related climate change.

These facts suggest that green energy is the future, which can make it a long-term investment option.

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Midas Touch Investments, disclaims responsibility and legal liability for any loss, harm, or damage, however caused, resulting from accessing any section of this website. Visitors to this website also consent to waive the right, by entering this website, to seek any form of restitution, damages, or remedy, monetary or otherwise, for any loss, harm, or damage, however caused, resulting from accessing this website. Midas Touch makes every effort to avoid making incorrect misrepresentations or misleading statements, and in no way encourages unconscionable or deceptive conduct in the providing of its services. By entering this website, you expressly accept that Midas Touch will not and cannot be held liable (in all forms of legal liability) for; and that Midas Touch does not warrant, guarantee, or represent (expressly or impliedly), that; information, opinion, commentary, data, or any other content in this website is accurate, valid, complete, legal, and current. The information in this website is obtained and compiled from various sources we believe to be reliable, but Midas Touch does not expressly or by implication guarantee its reliability. Nothing in this website constitutes an offer or solicitation of financial product, advice, recommendation and are not intended to constitute provision of investment, legal, tax, or other professional or financial advice. Such content therefore should not be relied upon for the making of any personal financial and investment decisions. Persons accessing this information are strongly encouraged to obtain appropriate professional advice from registered investment advisors before making any investment or financial decision. By entering, visitors to this website expressly accept that Midas Touch does not warrant, guarantee, or represent (expressly or impliedly) that the website is free from technical malfunction or human error, or that any services obtained through this website are of fitting quality and suitable for any particular purpose, and you expressly accept that Midas Touch will not and cannot be held liable (in all forms of legal liability) for any errors, inaccuracies or omissions (including any third party) and any loss or damages, whether incidental, consequential, or otherwise, resulting from its use or inability to use by any party, or in connection with any error, interruption, delay in operation or incomplete transmission, or line or system failure. Use of hyperlinks to or from other internet sites or resources are the users own risk. The content, accuracy, opinion expressed, and other external links provided at these sites are not investigated, verified, modified, or endorsed by Midas Touch. Midas Touch disclaim any responsibility for the accuracy, contents, availability, or inclusion or omission of information found on sites that link to or from this website. Visitors to this website are solely responsible for making all enquiries and investigation before proceeding with any online or offline access or transaction with any of these third parties. Midas Touch emphasises that all activities conducted by users at or via this website are at their own risk. Midas Touch does not warrant the security of any information users may forward, or be requested to provide, to any third parties. Users are deemed to have irrevocably waived any claims against the Midas Touch for any loss or damage suffered as a result of any access to or interaction with any other websites via this website. In the event that you may wish to access any services through this website, you are advised that any transactions over the Internet carry certain special risks. By agreeing to enter this website, visitors to this website expressly accept that Wealth Man will not and cannot be held liable (in all forms of legal liability) for any transactions that are processed over the internet. Online transactions may be subject to but not limited to, interruption, transmission, blackout, delayed transmission due to Internet traffic, or incorrect data transmission due to the public nature of the Internet. All information contained in this website is general information only. While special care has been taken in preparing the information and materials contained in this website, such information and materials are provided to users on an “as is” basis and carry no warranty or representation of any kind, express or implied. In particular, no warranty or representation is given for information and materials regarding non-infringement, security, accuracy, suitability for a particular purpose, or freedom from computer virus, Trojan horses, worms, software bombs or similar items. Moreover, the information contained in this website may be changed at any time without prior notice. Visitors to this website may print out items of interest for their own personal use only. Copyright notices and other identifying information must be removed from such printouts. The content of this or of any linked website must not be reproduced in any manner for any other purposes. Midas Touch reserves the right to pursue any necessary legal action for any copyright infringement. Midas Touch accepts no liability whatsoever for any loss or damage, or otherwise as stipulated in this legal disclaimer, arising from the use of any section of this website, whether or not such loss or damage is caused by reason of negligence, or otherwise on the part of Midas Touch. The users assume all risks associated with the use of this website including, but not limited to, all terms and conditions mentioned in this legal disclaimer.

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