Given the forecast for climate change and the global pledge to keep global temperature rise below two degrees Celsius compared to the pre-industrial atmosphere in the recent Paris Agreement meet, it has become essential to move towards a clean source of energy on an individual level. It is imperative to remember that global climate changes will have a financial impact on the citizens of the world on an individual level starting from high price of medical assistance for atmospheric degradation related health issues to the cost of relocation due to rising sea-levels. It has been predicted that the climate change will factor into over a trillion dollar loss in non-bankable financial assets.
Problems such as ‘Cape Town’s water crisis’ in early 2018, 2012-17 California Drought, and the most costliest Atlantic Hurricane season of 2017 is about to become widespread and a daily norm. Given the rise in global temperature, aerosol and soot particles in the atmosphere will make it impossible for most of the species to survive and create massive financial setbacks to relocate millions of people.
For a sustainable low-carbon future, companies such as Tesla are developing electric cars that would consume lesser electrical energy compared to the current models in the market and building fashionable solar roof panels to help households move on from non-renewable energy towards a cleaner source. As the cost of solar panels drop it will become a much more cost-effective choice compared to energy produced by burning natural gas, coal, and petroleum. Moreover, households can gain economically by auctioned or selling off surplus energy through blockchain.
Data center companies such as Cloud & Heat in Germany and Nerdalize allows apartments and homes to place the servers at the base of a building. The heat produced by the servers is then used to heat up the building and the water supply, thus effectively eliminating the use of electricity.
Countries across the globe are now investing billions of dollars in solar, wind, tidal, hydroelectrical, and geothermal energy. But to supply the energy produced by the aforementioned systems without wastage is essential and governments need to overhaul the current grid to make way for smart grids. By providing real-time insights into energy consumption through sensors within households and on grids, people can be influenced to make smarter choices and save energy as much as possible or opt for the sustainable energy option compared to fossil fuel power. Today’s market has various smart and energy conserving appliances with customizable features. Most of these devices are equipped with a sensor that cuts off power when not in use.
Saving energy and eliminating fossil fuel from the energy chain has become essential now more than ever. Governments and individuals alike are developing various economical devices and systems to combat climate change and make a smarter choice collectively.
