BPCL : Alternative Energy Sources | Renewable Energy sources in India

What are Alternative Energy Resources?
There four main alternative energy resources- Wind, Sun, Tides and Biomass (plant matter). These are also known as renewable energy resources.
What is the significance of renewable energy resources?
Long term availability of crude oil, which is totally reliant on fossil oils, are likely to be gradually affected adversely with growing consumption. Although, the world is still very far from running out of fossil oils, the world will have to look for complementary supplies and viable alternatives with increase in demand in the long run. Over the past 100 years, world energy demand per capita income has increased from 3 to 13 barrels’ oil equivalent per year, spurred by economic growth. To meet energy demand, organisation of renewable and alternate energy resources will be required, not as replacement of coal / oil, but, as complement to those.
What is behind this dramatic change in scenario?
90% of the approximately 100 million people born each year are born in developing countries causing a vast majority of population in these areas to have little or no access to the comfort provided by electricity. There is also hardly any choice and opportunity that comes from mobility. The essential requisite of any economic development is the availability of dependable source of energy. Although, in the next quarter century, fossil oils are expected to continue to meet lion's share of energy supply demand equation, in long run, demand for renewable energy is likely to exceed that for fossil oils.

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