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Renewable energy in developing countries is an increasingly used alternative to fossil fuel energy, as these countries scale up their energy supplies and address energy poverty. Renewable energy technology was once seen as unaffordable for developing countries. [ 202 ]
Shifting to renewable energy "can help us to meet the dual goals of reducing greenhouse gas emissions, thereby limiting future extreme weather and climate impacts, and ensuring reliable, timely, and cost-efficient delivery of energy". Investing in renewable energy can have significant dividends for our energy security. [25]
Renewable energy investment has achieved substantial scale with annual investments around $300 billion. This volume of investment is fundamental to the global energy transition and remains in spite of an R&D funding plateau, representing the sector's healthy expansion and appreciation of renewable technology's promise.
Alternative fuels, also known as non-conventional and advanced fuels, [1] are fuels derived from sources other than petroleum. [2] Alternative fuels include gaseous fossil fuels like propane, natural gas, methane, and ammonia; biofuels like biodiesel, bioalcohol, and refuse-derived fuel; and other renewable fuels like hydrogen and electricity. [3]
Energy storage helps overcome barriers to intermittent renewable energy and is an important aspect of a sustainable energy system. [154] The most commonly used and available storage method is pumped-storage hydroelectricity , which requires locations with large differences in height and access to water. [ 154 ]
An energy transition is a broad shift in technologies and behaviours that are needed to replace one source of energy with another. [14]: 202–203 A prime example is the change from a pre-industrial system relying on traditional biomass, wind, water and muscle power to an industrial system characterized by pervasive mechanization, steam power and the use of coal.
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Alternative fuel vehicles were created because of environmental concerns and high oil prices and is a cleaner alternative. [10] Alternative fuel vehicles will protect against global warming as well as pollution. [11] The most popular electric car in the US is a Tesla. [12] Alternative fuel vehicles also include hydrogen fuel cell vehicles.