THE REALITY AND FUTURE OF RENEWABLE ENERGY SOURCES IN THE GLOBAL ENERGY MARKET

Abstract

For a long time, traditional energy sources have been spreading a great deal of safety in meeting global energy needs, but with the natural depletion of their reserves and their continued increasing consumption as global populations and many changing factors increase, uncertainty has begun to revolve around the adequacy of these sources to meet the world's current and future energy needs. In addition to the concern for environmental pollution in general, the depletion of traditional energy sources and their effects on the environment has necessitated the search for other energy sources to ensure the supply and its continuation. Therefore renewable energy sources have emerged as inexhaustible and highly available sources on the planet, and the energy generated from them is clean. Furthermore, the significant developments brought about by technology in oil and natural gas extraction techniques from non-traditional sources and the light of their vast reserves of discovered Technically, recoverable sources have led to the export of these sources with renewable sources in the global energy supply mix to take an active role in the structure of the worldwide energy balance.