The complexities of alternative energy

Costly endeavour: It is still anywhere from five to 11 times more expensive to produce electricity sourced from the sun than it is from coal, hydro or nuclear sources.

THE alternative energy space is heating up, with the development of new technologies and the entry of new players. There is no debate over the need to switch from fossil fuels to alternative energy sources. It is universally agreed that we cannot continue to depend on fossil fuels due to its finite supply, as well as the geopolitical risks linked to oil demand.

In an effort to prolong the life span of our finite supply of fossil fuels, there have been significant technological advances that have given new life to the discovery of fossil fuels. However, these technological advances face their respective challenges from an environmental perspective. There is also a clear threshold level for the production of fossil fuels using this technology.