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PDF Editor FAQ
Why are governments & companies reluctant to invest in green technology for transportation?
Answer depends on the government and company you refer to. Keeping aside company, lets first focus on government and more specifically on the green technology.Government: Most important factor!Not all governments are reluctant to adapt green technology, many have a vision and measurable goals set in place. Here is a list of some countries already achieving this for electricity 100% renewable energy. These countries are in the correct direction and will be the role model for others to follow.Some developed and developing countries are not keen on going full fledge because of the priorities, cost and many other things. (1)It cost money to set-up green technology and they cannot abandon the existing infrastructure. (2)Dirty politics, politicians and lobbyist (for fossil fuel) with vested interest plays a major role in discouraging the green policies. (3)Awareness, not for the learned one but lack of awareness among general population (green energy is not in the agenda). I am just listing few that come to my mind, perhaps there are many other reasons that are not covered.Coming to the part of using green technology for transportation. current scenario is that most private transportation runs on fossil fuel (petrol and diesel)and mass public transportation runs in electricity or fossil fuel (non fact - lets say 50%-50%). It will be financially impossible to switch all of them to green power. With massive political will(referring to people movement) it is possible to slowly switch to green power in few generations. But the template for change should be similar to the one followed in countries like Denmark, change the essential tool (electricity) and the rest of it will fall in place over time. But bigger countries like USA, China, India etc need to find a self styled model.Company:For any successful business model the most essential factor will be demand and adaptation. As of now the demand for green technology for private transportation is low (ever growing with great pioneers like Elon Musk) and in mass transportation it is already playing a significant role.Many new start-ups are working on green technology, some focusing on improving the efficiency of using fossil fuel and some working on new sources (biofuel etc). But many are in early stage of adaptation or development. Equally many large corporates already have a great foothold in designing and developing green technology vehicles. Almost all major automobile company have hybrid or full electric vehicles on the pricelist and also have a major R&D towards the future design mainly focused on the principle of fuel efficiency (fossil fuel), hybrid or high efficient full battery vehicles.How long will it take?Here is the current fossil fuel consumption for different countries Fossil fuel energy consumption (% of total). Major developed and developing countries still consume 70 to 80% in fossil fuel energy. If we take a cumulative reduction of 1 % per year it will take minimum 80 years to move away from fossil fuel. That's when everything goes well, which is not the trend based on our history books.Some interesting facts (with sources), you can go through them and come to a conclusion.Interesting projection, we are not yet at the peak of fossil fuel consumption.Here is a nice representation of the global energy potential (source wikipedia - File:Global energy potential perez 2009 en.svg (https://en.wikipedia.org/wiki/File:Global_energy_potential_perez_2009_en.svg)). Its amazing to see that just by relying on wind energy we can easily satisfy the global energy demand.Source: Perez et al., 2009, "A Fundamental Look At Energy Reserves For The Planet", p.3, PDF
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