The economics of different techniques to generate new and renewable energy and the most economically efficient alternative for use in Egypt

Abstract

Energy is one of the most fundamental parts of our universe. There are many sources of energy such as1 Fossil Fuels (Coal, Oil and Natural Gas), which were formed hundreds of millions of years ago, and also renewable energy (Solar Energy, Wind Energy, Hydro Power, Ocean Energy, Geothermal Energy, and Biomass Energy). Fossil fuels are not renewable. Renewable energy is important as they are clean sources of energy that have much lower environmental impact than conventional energy sources .Renewable energy will not run out . Conventional energy sources are limited and will some day be depleted. Technologies can play an integral role in transforming the energy system. Both renewable energy technologies and non renewable energy technologies exploit the common energy forms. Renewable energy Technologies have beneficial effects for advanced economies (including global economy). There are various technologies to improve energy efficiency include (Solar energy technologies - Wind energy technologies - Hydropower technologies - Geothermal energy technologies).