Environmental Benefits Of Renewable Energy

All of the things we use on daily basis have, in some way or another, consumed oil for its production and transportation; electricity, plastics, fabrics, glass, cars all have consumed oil at some point of their production. Although it may seem that we are chained to oil consumption, there are renewable alternatives such as nuclear power, solar power, wind power and biofuels. Renewable energy will be the most significant challenge for the oil industry. Various reasons and statistics about the newly discovered methods or indigenous sources will prove its significance. The aim of this study is to show that renewable energy is oil industry’s biggest threat. By stating the advantages and benefits of the renewable energy in terms of environmental

However, oil is limited and there will come a time where oil era will end. A report was published by M.King Hubbert states a theory about the oil peak, which gives a quantitative data for understanding oil production and estimates the oil production in future. In general, Hubbert’s method can be summarized as the circumstances of the increase in consumption and the restriction on production(7). Many countries started a new plan in replacing the fossil fuel by a renewable source. For example, the supply of the energy in the Middle East and North Africa is not enough for the future. So the renewable energy will have the future in this region as it will play an important role in supplying most of its demand. The main two types of renewable energy that can be suitable in the region is the solar power and wind power. The Middle East and North Africa can be leaders in the renewable energy in the world because of various reasons. The first reason is that the region has many benefits such as its geographic location and climate. It is known that the region can offer up to 45% of the world’s total energy potential from all the renewable sources. The second reason is that the renewable sources can help in reducing the effect of the global environment problems such as global warming and climate change. The third reason is that the region now cannot fulfill its future demand as it requires to

Having your own source of energy will make energy security easier and more accomplishable. Countries with no oil or fossil fuels have to find a new source of energy in order to have energy security. One of the reasons that triggered the countries to find other source of energy is the oil embargo incident in 1973. The oil embargo resulted during the Arab-Israeli war, in which the Arab members in the Organization of Petroleum Exporting Countries decided to enforce an embargo on the United States because they were supplying the Israeli’s with weapons. The embargo resulted in banning petroleum exports and cut down in oil production which resulted in the increase of the oil price. Most exporting countries started to cut down their production and in fact some countries such as Gulf countries and Iran decided to increase the price by 70% which clearly affected the American economy as most of its petrol station were out of petroleum and the industries and factories were heavily affected(9). When the Middle East countries decided to stop shipping oil to the Western countries, the Western countries faced a big shortage in oil and thus the consumers were angry and did not like situation. So the government reacted in a quick way by developing a new solar energy technology (9) .

Overall, renewable energy is without a doubt the most challenging energy source for the oil industry. Since oil is nonrenewable and limited, government