Solar Economy

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Arguments Theme: Solar Economy. Various market participants present their views. Towards Solar economy The sun is not only one of the requisites for life, it is also an unlimited resource from the perspective of energy production. Paula Durston Janne Harju I n the future, solar-based energy will be utilised either directly as solar electricity or heat, or indirectly as hydro, ocean, wind and bio and geothermal energy. In fact, Solar economy constitutes quite a revolution for the energy sector. The continuously growing need for energy can not be fulfilled indefinitely with production forms that are based on traditional fossil fuels. Society, values and the scarcity of natural resources will inevitably drive the growing population towards emissions-free energy forms. The share of fossil fuels will decrease as the use of renewable energy increases, and this, in turn, will change production processes and energy transmission and consumption as well as the way the markets function. Renewable energy requires the support of a smart grid enabling the two-way transmission of electricity: from the grid to the user and from the user to the grid. energy must be able to be stored and transmitted more flexibly from one geographical area to another. Eco-efficient construction and electric motoring will change electricity networks as well as the world around us in many ways. The energy sector generates 60–70% of the world’s carbon dioxide emissions. Consequently, reducing greenhouse gas emissions is, in fact, one of the energy sector’s biggest challenges and will require all means possible – existing as well as new ones. all the natural resources and energy sources that can be used sustainably must be utilised as efficiently as possible. Resource efficiency will emerge as a key issue in the future. In Solar economy energy will be produced in locations with the most favourable conditions and distributed flexibly based on need. We are talking about a truly sustainable energy system! also consumers play an important role in boosting the efficiency of energy consumption. The transition to Solar economy will not happen overnight. The transition phase is long and requires research and innovations, investments and consist- All the natural resources and energy sources that can be used sustainably must be utilised efficiently. » 5 Fortum forAgendA

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