Jane Marsh – The future of oil and natural gas is uncertain: is it time to increase renewable energy?

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The oil and natural gas industry produces large amounts of greenhouse gas emissions. These air pollutants are the main cause of climate change. Professionals and the public can improve the ecosystem and the global economy by embracing solar and wind energy.

Why is the future uncertain?

The future of the oil and natural gas industry is uncertain because of its ties to government. Location-based energy sources allow a professional to dictate pricing and accessibility. Possession of exhaustible resources creates power challenges because about 80% of the world’s energy supply comes from fossil fuels.

Countries should embrace independent energy sources to minimize inconsistent prices and affordability. The European Union (EU) plans to embrace renewable energy sources and meet its net zero targets. Creating independent supplies of clean energy reduces gas prices and emissions.

Can renewable energies offer sustainable solutions?

The EU has a long-standing relationship with the Russian gas industry. This receives nearly 35% of its Russia’s energy supply. Solar and wind energy offer a sustainable solution to the EU’s economic and environmental challenges.

The International Energy Agency (IEA) has created a plan that diverts EU electricity supplies from Russia while supporting the European Green Deal. Energy professionals in Europe can use Russia’s attack on Ukraine as an opportunity to move towards net zero goals. A key element of the AIE plan accelerates solar and wind power generation projects.

The European Green Deal helps countries achieve net zero emissions by 2050 and develop a economy. Advancing renewable energy generation increases nations’ access to emission-free sources of electricity. It also reduces energy costs, which improves economic stability.

Economic stability is essential for many regions as society emerges from a pandemic-induced recession. Individuals are ready to access secure jobs and businesses are reopening. Nations can embrace renewable energy generation by investing in advanced technologies and expanding the sustainable labor market.

How can nations embrace renewable energy?

Countries can switch to renewable energy by creating green jobs to build and maintain on-shore and off-shore wind farms. When turbines produce electricity, their moving parts create heat. Friction and high heat outings can cause environmental problems and economic challenges.

Training highly skilled professionals to service turbines can optimize clean energy production and the cost-effectiveness of wind power. Nations can also invest in solar technology advancements to increase their clean energy supplies. The topography and structural development of some countries are incompatible with solar farms.

Energy professionals can use floating photovoltaic (“floatovoltaic”) panels to produce emission-free electricity on the lakes, the canals and the ocean. Investing in solar power generation is essential for a country’s economy. Solar is the most cost effective source of energy today.

Make the most of clean energy

Countries can access the most affordable and accessible renewable energy sources by building a clean power grid. Energy professionals are integrating hydrogen storage systems to get the most out of solar and wind power. The systems use electrolysers to convert electricity in hydrogen and water.

The storage devices contain renewable energy in solid form using hydrogen. When a country’s demand for electricity increases, the technology sends hydrogen through a fuel cell converter and creates accessible energy. Countries can reduce their dependence on oil and natural gas by adopting supporting technologies.

When will renewable energies take over?

Previously, environmentalists predicted a global transition to clean energy by 2050. With the Russian invasion driving up gas prices, countries could now replace fossil fuels with renewables. The move away from oil and natural gas will continue until the energy sector reaches net zero emissions.

Environmentally conscious consumers are also creating an urgency for sustainable practices. The urgency is pushing businesses to embrace clean energy sources and minimize their reliance on emission-producing energy sources. Government regulations, rising gas prices and sustainable customers are influencing the immediate switch to renewable energy.


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