In today's time probably renewable energy is the solution of many environmental problems.
In this article we will have an idea of its relevance and how this sector can be pushed ahead by help of banking sector in India. But before moving ahead it is necessary to get acquainted to few relevant terms for understanding importance of Renewable Energy.
Greenhouse:
A greenhouse is a chamber made of glass where the temperature and atmosphere is regulated in such manner inorder to create an environment which is conducive for the existence and growth of certain plants, insects, animals, birds, fish and even human beings. All these structures are closed chambers where the temperature is controlled in such a manner, so as to create an environment similar to the various temperate zones of our planet earth and the vegetation of those areas are grown. Even if you visit during the winter, when snow is all around, the environment within the glass house would be different from the environment outside.
In the same manner, our planet earth's atmosphere also acts like a greenhouse. The energy from the Sun does enter the atmosphere of Earth but not all of it can escape. The heat generated from the energy of the Sun is absorbed by greenhouse gases such as water vapour, methane, nitrous oxide, ozone, carbon dioxide and other gases which are referred as halocarbons. Eventually the heat is released, only to be absorbed by another greenhouse gas. This phenomenon is necessary to maintain a temperature which is suitable for living things. However, if the heat thus absorbed keeps on increasing then it leads to global warming which is a matter to be alarmed about.
Global Warming and Renewable Energy:
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