Why People Should Be Investing in Renewable Energy in 2019
The world needs to go green, today. Going green is no longer an option but a requirement if we want us and our future generations to survive. And this is why we should seriously consider investing in renewable energy this year and beyond.
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What is Renewable Energy?
Renewable energy refers to a type of energy which can be renewed easily. This is because this energy is derived from a source which is unlimited or can never be consumed completely. Solar power, wind, and tidal power are some of the examples of renewable energy sources. Solar energy is harnessed from the sun. The sun is the biggest and never-ending source of power.
Besides the obvious fact that renewable energy is unlimited and cheaper, another reason for using this kind of energy is its eco-friendly nature. For instance, the manufacturing or use of solar power does not harm our environment the way traditional fossil fuels do.
Why use renewable energy?
If it is still not obvious, here are some other reasons and facts to assure you that renewable energy is the future of the global energy sector.
- Fossil fuels such as coal, oil, and natural gas are responsible for most of the environment-related disasters, including air and water pollution, wildlife loss, damage to public health, degrading quantity and quality of water and land, global warming, carbon emissions, etc.
- Solar energy can be used for creating tremendous amounts of clean and sustainable electricity.
- Most renewable energy resources have no to very little carbon (global warming) emissions.
- Electricity generated from clean energy sources does not have air pollutants, which means it is healthy for the public.
Where and how to invest?
Businesses, as well as investors all over the world, are considering investment options where they can not get good returns but also help make a positive impact on the ecosystem. There are multiple investment opportunities in the renewable energy sector if you know just where to look. Solar energy investment is one of the most profitable options. Here’s how.
Solar-powered Cryptocurrency Mining
As the demand for blockchain solutions and cryptocurrencies is rising with each day, so is the popularity of crypto mining. However, the mining of top coins such as bitcoin and ETH are very costly as well as detrimental to the environment because of high energy consumption in the process. This is why not many people are yet engaged in the mining process.
Solar energy can provide a cheaper and more eco-friendly energy alternative for crypto mining. There are projects like Pieta implementing this idea. Pieta is developing an ecosystem for solar-powered mining of cryptocurrencies. It will use the new X20 algorithm for cost-efficient and more productive mining of top cryptocurrencies like Bitcoin, ETH and Pieta token.
As of now, Pieta is seeking investors in order to raise funding for the establishment of affordable solar energy plants throughout the world. This is a golden opportunity for all the investors looking for fund Global Renewable Energy projects in 2019.