Economics Renewable Energy Economics Questions
Renewable energy sources are those that can be replenished naturally and indefinitely, such as solar, wind, hydro, geothermal, and biomass energy. These sources are considered sustainable as they do not deplete over time and have minimal negative environmental impacts.
On the other hand, non-renewable energy sources are finite and cannot be replenished within a human lifespan. Examples include fossil fuels like coal, oil, and natural gas. These sources are formed over millions of years and their extraction and consumption contribute to environmental degradation and climate change.
The main difference between renewable and non-renewable energy sources lies in their availability and environmental impact. Renewable energy sources offer a cleaner and more sustainable alternative to non-renewable sources, which are depleting and have significant negative consequences for the planet.