Page 41 - Banking Finance July 2019

ARTICLE

RENEWABLE

ENERGY - THE

WAY AHEAD

n today's time probably renewable energy is the a manner, so as to create an environment similar to the
I solution of many environmental problems. In this various temperate zones of our planet earth and the
article we will have an idea of its relevance and how
vegetation of those areas are grown. Even if you visit during
this sector can be pushed ahead by help of banking
sector in India. But before moving ahead it is the winter, when snow is all around, the environment within
the glass house would be different from the environment
necessary to get acquainted to few relevant terms for outside.
understanding importance of Renewable Energy.
In the same manner, our planet earth's atmosphere also
Greenhouse: acts like a greenhouse. The energy from the Sun does enter
the atmosphere of Earth but not all of it can escape. The
A greenhouse is a chamber made of glass where the
heat generated from the energy of the Sun is absorbed by
temperature and atmosphere is regulated in such manner
greenhouse gases such as water vapour, methane, nitrous
inorder to create an environment which is conducive for the
oxide, ozone, carbon dioxide and other gases which are
existence and growth of certain plants, insects, animals,
referred as halocarbons. Eventually the heat is released, only
birds, fish and even human beings. All these structures are
to be absorbed by another greenhouse gas. This
closed chambers where the temperature is controlled in such
phenomenon is necessary to maintain a temperature which
is suitable for living things. However, if the heat thus
About the author absorbed keeps on increasing then it leads to global warming
which is a matter to be alarmed about.
Mrs. Rachna Mishra
Assistant General Manager Global Warming and Renewable Energy:
Bank of Baroda
Global Warming is the increase of Earth's average surface
New Delhi
temperature due to the effect of greenhouse gases. The

BANKING FINANCE | JULY | 2019 | 41