Barry Stueber
Member
With the world energy consumption on the rise, there is a need to shift towards other sources of energy that include renewable energy. The renewable energy is plenty in supply as the sources from which it is extracted is also unlimited. The renewable energy is present in the sun, water and the blowing wind.
Today the energy sector is standing the strongest with the returns from the investment reaching a high. The world energy needs are moving up faster with the demands for energy rising by 40% in the coming years. The high demand for energy can be attributed to the industrialization and the developing economies.
In 2008, the investments into the energy sector were high at 155 billion dollars. The investments into the sector have risen owing to the untapped potential lying in this sector. With the energy consumption on the rise and the rising prices of traditional energy sources, investment in the renewable energy sector has gone up. Investments in this sector are assisted by world energy research, which is dedicated towards prospects in the energy sector.
Today the energy sector is standing the strongest with the returns from the investment reaching a high. The world energy needs are moving up faster with the demands for energy rising by 40% in the coming years. The high demand for energy can be attributed to the industrialization and the developing economies.
In 2008, the investments into the energy sector were high at 155 billion dollars. The investments into the sector have risen owing to the untapped potential lying in this sector. With the energy consumption on the rise and the rising prices of traditional energy sources, investment in the renewable energy sector has gone up. Investments in this sector are assisted by world energy research, which is dedicated towards prospects in the energy sector.