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Renewable energy sources are even larger than the traditional fossil fuels and in theory can easily supply the world's energy needs. 89 PW [32] of solar power falls on the planet's surface. While it is not possible to capture all, or even most, of this energy, capturing less than 0.02% would be enough to meet the current energy needs.
Hydropower is also an extremely flexible technology from the perspective of power grid operation. Large hydropower provides one of the lowest cost options in today's energy market, even compared to fossil fuels and there are no harmful emissions associated with plant operation. [16]
Hydropower is an attractive alternative to fossil fuels as it does not directly produce carbon dioxide or other atmospheric pollutants and it provides a relatively consistent source of power. Nonetheless, it has economic, sociological, and environmental downsides and requires a sufficiently energetic source of water, such as a river or elevated ...
Hydro turbines have a start-up time of the order of a few minutes. [37] Although battery power is quicker its capacity is tiny compared to hydro. [2] It takes less than 10 minutes to bring most hydro units from cold start-up to full load; this is quicker than nuclear and almost all fossil fuel power. [38]
Renewable energy is more evenly distributed around the world than fossil fuels, which are concentrated in a limited number of countries. [28] It also brings health benefits by reducing air pollution caused by the burning of fossil fuels. The potential worldwide savings in health care costs have been estimated at trillions of dollars annually.
Fuel comes in three types: Fossil fuel is natural gas, fuel derived from petroleum (LPG, gasoline, kerosene, gas/diesel, fuel oil), or from coal (anthracite, bituminous coal, coke, blast furnace gas). Secondly, there is renewable fuel (biofuel and fuel derived from waste). And lastly, the fuel used for district heating.
The lowest priority under the energy hierarchy is energy production using unsustainables sources, such as unabated fossil fuels. Some also place nuclear energy in this category, rather than the one above, because of the required management/storage of highly hazardous radioactive waste over extremely long (hundreds of thousands of years or more ...
"Fuel saving" variable renewable energy, which have near zero variable costs and zero fuel costs by using power of wind, Sun and run-of-river hydropower. With large share of these sources, "capacity needs are driven by periods with low VRE availability" and therefore their proposed role is to replace other high-variable cost sources at periods ...