How Long Will It Take to Replace Fossil Fuels With Renewable Sources of Energy?


| 11/14/2019 9:20:00 AM


 

The world is racing to replace fossil fuels with renewable sources and for good reason. People understandably ask, "How long will it take to replace fossil fuels?"

The answer isn't straightforward. However, here's some information that might help.

The Importance of Cost

Some people think cost is the primary reason societies are switching to renewables. According to one study, renewable energy already out-competes oil. While coal is cheaper, technological advances and emission pricing schemes may boost solar, wind power and the like to the top.

Prices for renewable energy are falling, making it competitive with non-renewables. As a result, a transition to sustainable alternatives is taking place across the world. This change, however, doesn't suggest a time-frame for complete fossil fuel replacement.



As more industries realize the potential for renewable energy, others will be more likely to accelerate their transitions. Each eco-friendly choice is a step toward total replacement.



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