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Government Grants for Alternative Energy Source - Research Paper Example
As part of the research conducted in this paper, it has been strongly noted that people are strongly being made aware of the fact that the renewable resources are the way to go nowadays. This is one the most important part in the process of the development of the renewable resources…
As our world population grows day by day, it is becoming far more evident that our generations to come will have far more problems in their hands that they could handle. Alternative energy sources can evidently provide us with the edge we require to make this world a healthier place to live and more importantly to ensure the continuity of our future generations. Currently there are quite a few different establishments that are involved in researching alternate energy sources; it is a well known fact that our fossil fuel reserves will run out in the near future, depriving us of the leisure and comfort of our lives that some of us take for granted. One of the main problems that are faced with research is the fact that they require funding, however there are companies who are involved in such activities based on the assumption that there efforts will pay off in the near future, but is it enough? Evidently there is a strong need for governments to take the responsibility and provide grants to organizations that are involved in researching the fuels of the future.
One of the biggest problems with the use of fossil fuels is the carbon dioxide emissions into the environment, everyday carbon dioxide is injected into our system, and these emissions stay there in our system building up every single day, it is the single most known factor for the global warming that our world faces (Alternative Energy, n.d.)
There are quite a few different energy sources that are currently in use today, however the fact still remains that these sources are quite limited. According to British Petroleum and Royal Dutch Shell, by the year 2050 one third of our energy needs will have to be fulfilled by wind, solar and other renewable sources, the statement has been originated from the biggest oil companies in the world. ...