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Survey Finds Energy Should Come from Clean, Renewable Sources

This post brought to you by ABB. All opinions are 100% mine.

Energy is a vital part of human life. However, the way we harness and use it has a tremendous impact on our environment. As the human population continues to grow, the greatest challenge of our generation is going to be to how to meet the growing demand for energy without hurting the environment.

In an effort to reduce greenhouse gases in the atmosphere, the most important developments for change are expected to come by increasing energy efficiency. A new survey has found that public policy must pave the way for the adoption of new consumer habits and technologies. 

According to the Bloomberg Businessweek Research Services (BBWRS) 2010 Energy Survey, 78 percent of energy industry stakeholders expect energy efficiency to account for over half of the total CO2 reduction potential by 2030. Sponsored by leading power and automation technology company ABB, the survey also revealed that 20 percent of the contribution is expected to come from switching to renewable energy sources such as water, wind, and sun, therefore limiting the use of fossil fuels.

Change, however, doesn’t come easy. Due to stubborn consumer behaviors and the high costs of developing and implementing new programs, the survey reveals that public policy will make the greatest impact in the effort to adopt new practices and technologies.

When it comes to developing alternative energy sources, 35 percent of survey respondents favor the use of incentives for companies to create alternative energy sources over incentives to end-users to utilize renewable sources (32 percent).

What is the best way for the government to intervene in the effort? The majority of those surveyed said that governments should focus on improving and incentivizing smart grid technology.

The purpose of the BBWRS Survey was to understand the future of the energy market and to evaluate opportunities and barriers that exist in adopting new energy technologies. The program surveyed senior energy-industry executives at leading large and midsize companies. To learn more, watch the following YouTube video produced by ABB: