With a reduction in the presence of fossil fuels, the global landscape has become susceptible to energy blackouts. However, sustainable implementation can restrain this phenomenon.
Need for sustainability
Climate change has ushered in innovative ways of thinking. Ideas that were mere thoughts long ago have found their way to reality. The need for this innovation arises due to the excessive harm being done to the environment. However, for innovation to succeed there needs to be a target sector which needs to be worked upon. That being the energy sector.
The energy sector plays host to several problems. One of the most important being the presence of fossil fuels. Fossil fuels have long dominated the energy sector. Due to their easy access and usage, industries have continued to exploit these resources unsparingly. However, the effects of their usage continue to bring the earth closer to devastation.
This construction of a perennial cycle running on environmental exploitation needs to be curbed. Therefore, sustainable sources of energy are introduced to make the use of energy much more efficient. These may include sources ranging from hydropower plants and solar panels all the way to the construction of windmill farms.
Question of reliability and continuity
A change in any industry works on a principal contingency, i.e., supply and demand. For businesses, this translates to whether the source has enough capability to garner obscene amounts of profit. Due to the rise of climate abnormalities, consumers have started to consume the word “sustainable”, when it comes to their market purchasing practices.
Businesses are more than happy to comply and provide their customers. However, the products need to be resilient. Fossil fuel shortage often results in countries being plunged into long blackout hours. Without sufficient energy to sustain the power grid, fossil fuel shortage is more evident than ever. If they are to assert their place in the market, sustainable sources must combat these discrepancies.
A Statistical foundation
Stanford university conducted a research study and looked at this perspective from two directions. First being the cost of this service. The researchers, assisted by two computational modelling programs were able to find out that the cost per unit of energy – including the cost in terms of health, climate and energy – in every scenario was about one quarter of what it would be if the world continues on its current energy path.
This reduction in cost is largely due to eliminating the health and climate costs of fossil fuels. In their second direction, the researchers found out that scenarios based on the modelling data avoided blackouts at low cost in all 20 world regions for the five years (2050-2054), that were examined. The fact that renewable sources of energy were able to provide 100 percent grid stability contradicts previous conclusions that deemed a grid, with high penetrations of renewables, to be unstable.
Towards a more resilient future
While the development of sustainable sources of energy seems to be observing a hockey stick growth, the time needed for the efficient solutions to reach the market will require patience. Promising studies like the aforementioned, provide scenarios worthy to be optimistic about.