The Irish are currently pursuing energy independence and the further development of their robust economy through the implementation of research and development into alternative energy sources. At the time of this writing, nearly 90% of Ireland's energy needs are met through importation-the highest level of foreign product dependence in the nation's entire history. This is a very precarious situation to be in, and the need for developing alternative energy sources in Ireland is sharply perceived. Ireland also seeks to conserve and rejuvenate its naturally beautiful environment and to clean up its atmosphere through the implementation of alternative energy supplies. The European Union has mandated a reduction in sulphuric and nitric oxide emissions for all member nations. Green energy is needed to meet these objectives. Hydroelectric power has been utilized in Ireland in some areas since the 1930s and has been very effective; however, more of it needs to be installed. Ireland also needs to harness the wave power of the Atlantic Ocean, which on its west coast is a potential energy supply that the nation has in great store.
Ireland actually has the potential to become an energy exporter, rather than a nation so heavily dependent on energy importation. This energy potential resides in Ireland's substantial wind, ocean wave, and biomass-producing alternative energy potentials. Ireland could become a supplier of ocean wave-produced electricity and biomass-fueled energy to continental Europe and, as they say, "make a killing". At the present time, Ireland is most closely focused on reaching the point where it can produce 15% of the nation's electricity through wind farms, which the government has set as a national objective to be reached by 2010. But universities, research institutes, and government personnel in Ireland have been saying that the development of ocean wave energy technology would be a true driving force for the nation's economy and one which would greatly help to make Ireland energy independent. A test site for developing wave ocean energy has been established in Ireland, less than two miles off the coast of An Spideal in County Galway Bay. This experimental ocean wave harnessing site is known as "Wavebob". The most energetic waves in the world are located off the West coast of Ireland, says Ireland's Marine Institute CEO Dr. Peter Heffernan. The technology to harness the power of the ocean is only just emerging and Ireland has the chance to become a market leader in this sector. David Taylor, CEO of the Sustainable Energy Initiative,or SEI, tells us that SEI is committed to innovation in the renewable energy sector. Wave energy is a promising new renewable energy resource which could one day make a significant contribution to Ireland's electricity generation mix thereby further reducing our reliance on fossil fuels.
Padraig Walshe, the president of the Irish Farmers Association, tells us that with the closure of the sugar beet industry, an increasing amount of Irish land resources will become available for alternative uses, including bioenergy production. Today, renewable energy sources meet only 2% of Ireland's total energy consumption. From a farming perspective, growing energy crops will only have a viable future if they provide an economic return on investment and labour, and if the prospect of this return is secure into the future. Currently the return from energy crops is marginal and is hampering the development of the industry. Biomass energies need to be further researched by Ireland.
Government Alternative Energy Grants
Perhaps even put some money into it, but you don't know where to start?
Perhaps you have even started researching this field and want to get further information on alternative energy stocks.
Or you may be doing some writing on the topic.
In any of these cases, you want to access good information quickly.
These stocks are going through the ceiling.
Even though 2005 was a static year for most investments, alternative energy stocks such as solar energy have grown. This growth outpaced the stockmarket indices last year, and, though growth is expected to slow,it is still expected to be substantial. The technology for alternative energy is still in its infancy and great developments are still expected. The problems of fossil fuels makes more and more peope realize that alternatives need to be found.
Recently, we have seen weather changes, shortages in oil, increases in prices at the pump and many other problems that make the public think more and more about alternative energy. Investments in this technology will alleviate these problems while bringing a profit to investors.
Invesing in alternative energy stocks is investing in an unlimited resource, since you are investing in the technology, not the resource itself.
How do you get the information you need about alternative energy stocks? The best single place is the internet. Information changes daily, so new information is made available constantly.
There are websites that can give you comparative performances between the various alternative energy stocks.
Look at all of the advantages and disadvantages of each of these stocks and decide.
Just be alert to the fact that some websites are sponsored by the stock they are touting.
In other words, trying to influence you to buy their stock.
And receive your investment.
Even if you see a strong expected growth pattern, you need to be careful that it is not a stock that will fizzle out quickly. You're in this market to make money, not lose it.
So don't just examine the fact sheet about a stock; make sure you know the history of the company and its principals.
There are even some mutual funds that specialize in alternative energy stocks. That makes the decision easier for you.
In theory, if you found the right start up alternative energy company, you could be investing in the next Microsoft.
It has become clear that alternative energy is going to be the primary source of energy for the future.
We know now that we cannot continue to power the earth by poisoning it.
Both Jessica Santoli & Mike Batta are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Jessica Santoli has sinced written about articles on various topics from Japan Car, Cruises and Touring Italy. Find tips about and. Jessica Santoli's top article generates over 49500 views. to your Favourites.
Mike Batta has sinced written about articles on various topics from Advertising Guide, Vacation and Best Mutual Funds. MJ Batta writes on various alternative energy related topics and hosts an alternative energy websites at . Mike Batta's top article generates over 49500 views. to your Favourites.
Beat Home Drug Test What good are you going to be to your business if you are stressed out, on the edge of being burnt-out and miserable?Just imagine how refreshed you will feel when you return after a day off - you ma...