All governments around all over the globe are offering as much as $1 trillion in fossil fuel subsidy each year. These figures do not include all of the additional costs that are associated with fossil fuels however they are around the hundreds of trillions. A study from 2015 conducted by the International Monetary Fund estimated the fossil fuels’ unpaid costs to be $5.3 trillion annually that is approximately 10 million dollars per minute. Although this may appear huge, it’s not the whole picture.
Although oil resources aren’t as widely used than coal is, however the benefits of oil are huge. One reason is that oil fuels are extremely dense in energy with up to two times the energy amount of coal. Because the oil itself is liquid it can be used to create internal combustion engines. Energy-dense fuels with higher density are typically more suitable for transport, such as gasoline. Although other energy sources are not as dense however, fossil fuels are the most dense sources of energy.
Fossil fuels result of the burial for a long time of organisms that utilize sunlight to generate energy. The organisms, which include plant life on land as well as plankton living in the ocean absorb sunlight to store the energy as fossil fuels. After that, they decay to release that energy into fossil fuels. However, the process takes some time and oxygen-free conditions. But the long-term consequences on fossil-fuels’ emissions are worth the effort.
In the process, carbon dioxide gets released into the atmosphere, and it builds up in the atmosphere. A portion of it is dissolved into the seas. The carbon dioxide raises the pH of the atmosphere. This leads to ocean acidification. This is why we need to explore alternative sources of energy. It’s crucial that we know the full implications of fossil fuels in order to safeguard our surroundings. This will allow us to make educated decisions about energy to protect ourselves from the most devastating effects from climate changes.
It is believed that the fossil fuels industry is a controversial extraction technique that is the cause of pollution of the air, water as well as a myriad of other health-related effects. The process involves lots of water and land. If these resources aren’t properly taken care of, we’ll end up with a massive pile of carbon-based waste that is harmful to our environment. It’s hard to imagine how we’ll get rid of carbon. But, the problem isn’t over. If we adopt a renewable power source we will help our environment and prevent our economy from degrading.
Natural gas is yet another form of fossil fuel. It’s formed by the formation of gas which forms inside underground deposits. The substance is extracted with a large drilling platform. It is comprised of many organic compounds that transform into petroleum products as well as other valuable products. It is found in cars and jets, roads, and even on roofs, however it can’t be found anywhere on the planet. It is now an issue of contention and is the reason of several conflicts.
Although carbon storage and capture can be the most economical method to reduce carbon emissions in heavy industries but it does have its shortcomings. For instance the carbon emissions produced by cement production can produce an enormous amount of CO2 and carbon storage and capture is the most affordable solution. However, the process of capturing CO2 and then keeping it in deep underground reservoirs isn’t the ultimate solution. However, it could in making fossil fuel use possible for certain uses.