Green energy solutions are renewable sources of energy that increase energy efficiency and help the environment through energy conservation. This includes solar power, bio fuels, wave power, wind power, tidal power and geothermal power. These are healthier forms of energy compared to conventional sources such as coal and oil. It does not contribute to air pollution that is sometimes responsible for lung cancer, cardiac diseases, asthma, allergies and many contagious diseases. It is also as an economically stable source of energy. Countries can become less dependent on foreign energy sources. This non-dependency helps prevent unpredictable increase in prices and interruptions to the fuel supply. Some green energy sources are small and modular; they can be installed in or near buildings.
The distributed generation of energy offers many benefits such as avoiding costly expenditures on transmission and distribution. This in turn reduces the wear and tear of existing distribution equipment, hence delaying the replacement or augmentation of apparatus. It also reduces power losses through the transmission system. Green energy can also contribute to economic development as it provides an opportunity for exporting green technology. Moreover, this is particularly beneficial for the under-developed countries where there is a lack of electricity gridiron, conduit, or other energy infrastructure.
American Wind Energy Association has anticipated that the worldwide market for wind turbines alone will be as much as $400 billion by 2020. Researchers also came to the conclusion that by reducing global carbon dioxide emissions, 700,000 lives can be saved every year and a total of 8 million lives worldwide by 2020.
Surveys have revealed that more people are moving towards the environmental benefits of green energy. They prefer using energy that is environmentally friendly as compared to conventional polluting energy sources. In United States more than 50 percent of retail customers are able to purchase green power products directly from their electricity supplier. Renewable energy development can be supported by purchasing green energy certificates.
Many companies are providing green energy sources to improve customer contentment. This improves the company’s public image and creates new business opportunities for customer oriented electricity generation or distribution companies.