With growing populations of India and China, it is inevitable to depict the necessity for greater energy consumption. According to the World Bank (2011) our energy consumption increases every year, which makes the conventional fuels such as petroleum, coal and natural gas more scarce as they become hard to get and unlike alternative fuel will some day be depleted.
Renewable energy on the other hand will not run out. Ever. Other sources of energy are finite and although we still got the arctic region, which encompasses six percent of Earth’s surface with a total of twenty-two percent of the world’s undiscovered fossil fuels, it will be years if not decades by the time nations get a hold of the region and it will become a trending, yet critical geopolitical issue of our time.
But why wait for arctic to melt, when there are plenty of opportunities in renewable energy sources? Renewable energy technologies are clean sources of energy that have a much lower environmental impact than conventional energy technologies (renewableenergyworld.com, 2016), and vary from wind to solar power all the way to recycling of disposed materials such as tires.
Renewable energy such as alternative fuel from tires is the only way to cut the dependency cord for countries who rely on foreign oil supply and whose energy security and economic stability is highly dependent on those who supply it. Investing in renewably energy such as alternative fuel from tires can generate economic growth, increasing GDP and create jobs in the emerging markets.
With billions of tires disposed annually across the world, alternative fuel became a highly debatable topic, discussed at various conferences and trade fairs across the world. With high calorific value, tires became a target for cement kilns, rubber manufacturing companies and industries which operate in the field of rubber products such as molded goods. From pyrolysis plants to manufacturing of shoe soles, alternative energy is not only the solution to diminishing availability of conventional fuel in the world, but it is also a great business opportunity with beneficial environmental impact.
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