Question There is no need to worry about a global shortage o

Question:

“There is no need to worry about a global shortage of non-renewable resources. The market will take care of it.” Please discuss the statement above?

Solution

There are a lot of non-renewable resources in the world such as fossil fuels. The fossil fuels includes, diesel, gasoline, etc. It is estimated as per the survey that the rate of decrease of fossil fuel by the year 2020 is 76%. Therefore, scientist and researcher are planning to find an alternative which would save the consumption of such fossil fuels. There are techniques implented to use solar energy to produce electricity and replace non renewable source of energy which would help to save the consumption of diesel and many fossil fuels on a large scale. The use of wind farms, hydropower plants, etc has proved fruitful in generating energy as a source of renewable energy. In coming future, the use of solar insulators and solar cells would replace non renewable sources of energy which would be highly utilised in industries. The market is taking care of saving non renewable source of energy by adapting methods to utilise renewable source of energy.