Energy has been playing a crucial
role in the global economy after the
Industrial Revolution. Among all primary
sources of energy, fossil fuels have
dominated the world’s energy market
since the 19th century. According
to a statistical report released in
2004 by the UN, the proven global
oil reserves were 1,147 billion barrels,
which is only available for another
41 years at current consumption rates,
while natural gas may be depleted
in 67 years.
Basically the wide-scale
use of fossil fuels enabled the Industrial
Revolution. However, from the environmental
perspective, the carbon dioxide emissions
from the combustion of fossil fuels
are probably the main cause of global
warming. The excessive amount of carbon
dioxide may trigger significant climate
changes, which endanger the Earth’s
ecological system. In view of the
severity of the problem, most of the
countries in the world signed and
ratified the Kyoto Protocol, which
entered into force in 2005. Under
the Protocol, 37 industrialized countries
commit themselves to a reduction of
four greenhouse gases (carbon dioxide,
methane, nitrous oxide, sulphur hexafluoride)
and two groups of gases (hydrofluorocarbons
and perfluorocarbons) produced by
them. The target agreed upon was an
average reduction of 5.2% from 1990
levels by the year 2012.
In addition to reducing
fossil fuel use, another better, more
ideal solution is the development
of clean, alternative energy sources
that do not generate carbon dioxide
emissions. Many types of renewable
energy, including solar, wind, hydro,
biomass and geothermal energy, etc.,
have been considered good options.
And along with the advancement of
technologies, the applications of
renewable energy resources are increasingly
cost-effective and feasible with greatly
improved energy conversion efficiency.
Better yet, the common features of
all these renewable energy sources
are clean and eco-friendly.
It is expected that
fossil fuel use will be reduced by
50% by 2050, meaning that renewable
energy will become a much larger source
of energy than it does now. Among
all renewable energy sources, solar
energy is the most promising one,
because the amount of solar energy
reaching the surface of Earth is so
vast that in one year it is about
twice as much as will ever be obtained
from all of the Earth's non-renewable
resources of coal, oil, natural gas,
and mined uranium combined. And the
photovoltaic technology is commonly
regarded as the most commercially
viable means to harness solar energy.
Installations of solar
PV systems have been strongly promoted
in many countries around the globe.
European countries are currently the
major markets for PV systems, followed
by USA and Asian countries such as
Australia, China, Japan, Korea, Taiwan
and Thailand. With growing global
concern over climate change and the
accompanying rush to find alternative
sources of energy, the long-term outlook
for the solar photovoltaic industry
is bright, and the increasing demand
will continuously expedite the growth
of the industry.
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