Thursday, June 18, 2009

Do Energy Providers or Government have a solution to Greenhouse Gases?

What greenhouse gases are and how could they affect the atmosphere is now very commonly known even to a school going child of Grade III. This was important because I guess it would have been cruel to pass something harmful to your generation without a notice. So they have to prepare themselves for 'some' of our careless and reckless behavior.

Greenhouse gases started to be known from the 19th century when Tyndall put forth his theories. Since then, these have only been increasing and the main sources are the fossil fuels. Its rising on an average rate of 1.8% annually. That looks like a conversion rate for pretty cool business on the internet. There are gases in the environment from ever since and there are some that are human made like ChloroFluoro Carbons. The industrialization and economic growth has led to increased demand for energy and the biggest source of energy as we all know are the fossil fuels. Incidentally Fossil fuels are the highest emitters of these greenhouse gases that will keep us sweltering one day, round the year.

Almost all electricity producing companies use fossil fuels like Natural gas, Petroleum and coal to produce electricity and that is the reason they have a 40% share in increasing the greenhouse gases globally. US alone has 85% share in all the greenhouse gases. The energy usage is only rising every day especially in the developing countries. So while USA may have restrained itself and implemented Greenhouse gas checks, the developing countries are not in a mood to do so simply because they do not want to be left behind in the age of globalization and development.

The top five emitters of greenhouse gases are all in the energy production business using fossil fuels. Even when Uranium is known to emit considerably less green house gases during energy production, fossil fuels still remain the best way to produce energy. However, many alternative sources of energy are being explored around.

Who is to be blamed is not known - people want energy and cant live without it, Producers are producing energy through fossil fuels, government is working out for alternative methods. Energy producers and government together can reach out a point where they can minimize greenhouse gas emissions to a considerable extent. For instance, government should encourage producers for alternative energy sources and should restrain the use of fossil fuels.

A recent study stated that U.S. energy companies invested $58.4 billion from 2000 to 2008 in technologies to reduce greenhouse gas emissions. The amount is 44% of the total investment in US. Responsible for 40% emissions, energy producers are being very calculative

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