There is a growing realisation that the world’s energy systems will need to be changed radically if they are to supply our energy needs sustainably on a long-term basis. Access to safe, clean and sustainable energy supplies is one of the greatest challenges facing humanity during the twenty-first century.
Therefore when it comes to renewables and clean technology we are truly at a transformational moment in time. The sector is one of the largest and most compelling emerging market opportunities currently in the world today.
A fundamental reason for the increasing need for sustainable energy is because of the continuing growth of global population, with 90% by 2050 of future energy needs coming from developing countries.
This growth will continue to put a big strain on conventional sources of energy and that is why renewable and sustainable technologies demand will continue to grow. Ecotech Alliance intends to capitalise on the growth potential in this maturing market trend.
We envision a greener, cleaner planet with abundant energy that can be produced using waste, biomass, renewables and other clean technologies.
Renewable energy products and services constitute a rapidly growing segment of the international marketplace.
The costs of technologies to capture that energy are rapidly falling and becoming economically competitive with fossil fuels, while reducing the risk of climate change. Investing in renewable energy creates jobs, fosters economic growth, and improves energy security for countries that lack domestic fossil fuel resources.
Increasing the share of energy from renewable sources can reduce greenhouse gas emissions and local pollution; insulate countries from fuel price volatility; and improve those countries’ balance of payments.
Some recent scenarios estimate that renewables will contribute more to a low-carbon energy supply by 2050 than nuclear power or fossil fuels using carbon capture and storage.
Hydro, geothermal and bioenergy have long been competitive where resources are available, and wind and solar are also economically attractive in many locations. With continued support and strong enabling policies at the public level and robust investment from the private sector, renewable energy is going to supply a much larger share of the world’s energy by 2030.