The global economy is today far more intertwined than perhaps ever before. A natural calamity or terrorist attack affects the stock indexes of stock markets around the world. The mortgage crisis in the US has played havoc with the stock markets globally.
Recession in the US and Europe causes a slide in the global economy. If these are rather obvious and agreed upon, it can also be accepted that the rising oil prices in the world market are pinching the lay consumer worldwide. Economic development and the consumerist culture have led to a spurt in the purchase of cars in several countries of late, notably India and China. Besides, car sales in the US and other developed nations show little sign of decreasing.
Four reason why alternative energy is important
i) Environmental Concerns on the Rise
ii) Limited Reserves of Fossil Fuels
iii) Nations Toying with Alternative Energy
iv) Inevitable Proliferation of Alternative Energy
Green living is something wished for by people around the world. To support this idea, scientist and non-governmental organizations are spreading the word of importance on renewable energy resources. Here are some of advantages of using renewable energy resources, which will help you in knowing their significance:
* Renewable energy is natural source of energy and can replenish itself easily over short period of time. It comes from common sources like solar power, running water, and wind.
* They are limitless and hence one can be dependent on them unlike fossil fuels.
* Renewable sources do not pollute the environment.
* It is quite affordable and can be availed to many people as an alternative for non renewable sources at economical cost.
* Pollution free environment
* Promotes healthy living
* Helps in making wise utilization of all available resources
* Fights against global warming
* Helps in reducing effects of the entropy on Earth