2027: The Year Of Sustainable Energy
2027 is the year in which fossil fuels become more expensive to harness as a source of energy and power, and wind power, as well as solar energy, will become the most economical choice for both public and private enterprises. This news is a welcoming death knell for the fossil fuel industry, which is the main cause of the tragic global warming phenomenon.
According to Bloomberg New Energy Finance’s New Energy Outlook report, more than $11-billion investment will go towards generating new sources of power revenue, and that the vast majority of those funds will find their way toward fledgeling solar and wind power developments. The continuing investment in sustainable energy solutions has fast-tracked technological advancements in the field, allowing technicians, engineers and scientists to develop cheaper methods of harnessing the power of inexhaustible energy supplies. With cheaper methods of generating renewable energy, more states are receiving important investments toward improving their energy grid and incorporating wind turbine and solar panel ‘farms’.
Too Little, Too Late?
Some experts believe that 2027 may be too late and that the move from fossil fuels to sustainable sources of energy will do little to change the effects of greenhouse emissions already responsible for the increasing global temperatures. This seems to be a nod towards the increasing industrialisation occurring in India and the rest of Asia, the main culprits regarding increasing fossil fuel usage, as they continue to rely on coal and other fuels to drive manufacturing. Increasing development of the sustainable energy structure in Asia is crucial over the next couple of years if there is to be any significant reduction in greenhouse gas emissions. The expected shift from coal to solar/wind power in Asia is only expected as late as 2040.
But there is some positivity from this report. With renewable energy becoming cheaper to generate, and the vehicle market expected to be driven by an influx of electrically powered models over the next 5 years, the globe is slowly responding to nature’s plea.
You too can assist in the development of renewable and sustainable energy by studying a postgraduate research degree in any one of our courses. Studies focused on reducing energy consumption is required in all fields of study, from the Humanities to ICT, so take a look at our academic programmes to find out more information.
For more information about courses and applications, contact VUT today.