Abstract
More than 80% of electric power production throughout the world originates from the fossil fuelled plants. In accordance with the anticipation for increase in the demand for electricity, there is certainly a need to determine a new method to utilize renewable sources for extracting electric energy through renewable sources. In today’s world, the supply of renewable electric energy is found to be one of the significant priorities within numerous parts of the world. The significant proof of this incorporates the last agreement at Marrakech 2002 and the Kyoto declaration during 1997. Both the US and EU have already developed their focus on the future emissions of greenhouse gases. It should be noted that ocean waves makes a representation of a significant source of unexplored renewable energy. Within the EU, the potential of wave energy has been conservatively estimated as 120-190 TWh per year within offshores emulated by some additional 34-46 TWh per year within near shore locations. Moreover, such anticipations rely on presumptions of energy and technology cost. And, the genuine resource would get to be notably larger. In this particular case, it can be found to be a challenging task for converting such boundless energies within the ocean waves to the electric energy. However, a considerable attention should be paid to the economic constraints for the purpose of approaching future production of sustainable electric power production for the future. This study will discuss relevant aspects for the climate change which is found to be a global threat to the entire world. For this it is quite obvious that one of the significant cause of this is the emission of carbon within the atmosphere. For this global threat, there are numerous causes and one among them includes the emission of greenhouse gas as mentioned earlier. The study will also discuss as to how wave energy can be used to allow prevention of the carbon emissions within the atmosphere. Other than that, there would be appropriate discussions on the energy devices, policies, and protocols, regional and international developments.
Highlights
For global leaders, climate change is found to be a significant foreign policy where the authority for making agreements incorporates the concerns deriving from individual countries
There are numerous wave energy devices that can make a provision of significant source of sustainable energy that can have a conversion to electricity by the machines associated with wave energy converter
The conversion of wave energy into electricity in a world ruled by fossil fuels may appear to be outlandish, the power of ocean is steadily joining the positions of solar and wind powered as a wellspring of renewable energy [35]
Summary
Climate change is found to be a significant foreign policy where the authority for making agreements incorporates the concerns deriving from individual countries. In accordance with such common issue, it basically illustrates a critical failure of the market [1]. Attaining a consensus that would encompass the climate is a critical collective action issue when the advantages are manifested within a nation and the costs get distributed globally and evenly [6] This further results in an issue that concerns as to how conceivable it would be for reframing this agreement and that what considerations are needed that should be made while fabricating such an architecture [2]
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