Energy has always been indispensable to people's lives and has attracted a lot of attention from investors who seek to profit from the world's seemingly unquenchable thirst for energy. Currently almost 90 percent of the world's total energy needs are met by fossil fuels such as crude oil, natural gas, and coal. For a number of reasons- economical, ecological, political, the trend is to feed humanity's energy needs from sources other than fossil fuels. Consequently, alternative energy sources such as biofuel, wind, and solar are gaining popularity.
Alternative Energy versus Fossil Fuels
The miracle of coal, oil, and gas came with a hidden price- global warming. Despite of all benefits those fossil fuels provide, environmentalists are expressing increasing concern about carbon rich lifestyles. The environmentally friendly, cleaner and sustainable alternative of the hazardous fuels is alternative energy. Renewable energy encompasses the range of options that can be pursued to make the world a better place to live. Considering the fact that once non-renewable energy sources are depleted there is certainly a lot of potential to profit by investing in an alternative energy space that appears endless.
Sunny Delight
The Sun radiates a tremendous amount of energy. Solar energy boasts virtually unlimited supply and entails no greenhouse gases at all. People have found ways to harness solar energy and channel it to heat water and generate electricity. There are a number of factors such as current weather conditions, geographic location, and time of the day that affect the amount of energy that can be harnessed. If you are in the right climate, solar power can be a great investment and it helps environment more than any other alternative energy source. Many governments subsidize solar equipment installations in both residential and commercial buildings. Currently solar power accounts for less than 1 percent of the global energy production, but that is changing fast.
Fast and Furious
Wind energy is another renewable resource that is getting increasing attention from investors. It only takes a mild breeze to power an entire city. Wind energy is clean, renewable, and domestically produced. The only challenge is that wind is a very unpredictable natural phenomenon. However, the world's circulating wind currents are virtually inexhaustible, and wind is available nearly everywhere in the world. The current wind energy market ranges from small- scale wind turbines for personal use, to large- scale wind farms capable of powering an entire cities. Thanks to technology advancements and its pollution free nature, wind energy has a bright future.
Grasp the Future
The growth of biofuel industry is perhaps the most promising of any other alternative energy industries due to versatility of applications and the universal availability of biofuel raw products. Biofuels are mainly produced from either agriculture products (corn, wheat, rye, and rice) or animal manure (cattle, poultry, and pigs). Biofuels can be used for electric power generation as well as transport. Unlike energy produced from wind and sun, which are not always available, biofuel energy can be produced 24 hours, 7 days a week.
Instead of looking for a maximum return on your investment dollars by investing in fossil fuel stocks, many forward-thinking stock market investors would be wise to take a look at these alternative types of energy production. In short, there's potential to make a lot of green by investing in green companies.
Allen is a freelance writer in the financial services space and a contributor to http://www.InvestingDaily.com. For more information on investing in green technologies see Investing Daily's latest report on Green Energy Stocks, as well as their Alternative Energy Investing archive.
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