Green Energy

Green Technology & Energy science

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Green technology is also used to describe sustainable energy generation technologies such as photovoltaic, wind turbines, bioreactors, etc. with an ultimate goal of sustainable development. Its main objective is to find ways to create new technologies in such a way that they do not damage or deplete the planet’s natural resources and aid in reduction of global warming, greenhouse effect, pollution and climate change. The global reduction of greenhouse gases is dependent on the adoption of energy conservation technologies at industrial level as well as this clean energy generation. That includes using unleaded gasoline, solar energy and alternative fuel vehicles, including plug-in hybrid and hybrid electric vehicles.

The global electric vehicle (EV) market was worth over $73.0 billion in 2014. This market is expected to reach about $109.8 billion by 2019, with a compound annual growth rate (CAGR) of 8.5% from 2014 to 2019.Global revenues from solar cells and modules totaled nearly $38.7 billion in 2011 and should decline to $28.6 billion in 2012. Total revenues are expected to reach $78.1 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 22.3%.