You can see more relevant statistics below.

https://ourworldindata.org/co2-and-other-greenhouse-gas-emissions

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More efficient means of getting energy must to be developed to support global demand for more energy. Global demand grows in accordance to the exponential growth of the global population and the increased usage of technology.

Also, with the advent of colonization, it should be noted that fossil fuels cannot be burned on different planets due to the lack of oxygen.

Renewable energy is on the table, and here are the most adaptable choices:

• Solar energy

• Wind energy

• Nuclear energy

Fission Fusion

The reason for the short list is that not one of these methods requires oxygen to function, which means that all of them can work in outer space with the exception of wind energy.

On planets where wind is rare:

“Wind power and solar power may complement each other on Mars. When you have a large dust storm blocking the sunlight on Mars, a wind turbine can still generate electricity” -David Bubenheim of NASA’s Ames Research Center in California’s Silicon Valley.

You can read more about the interplanetary applications of wind energy below.

https://www.nasa.gov/centers/ames/news/releases/2001/01_72AR.html

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Nuclear Fission

When the topic of nuclear reactors is brought up, large costs, meltdowns, and long construction times are often brought up. While last-generation power plants are indeed dangerous, today’s reactors are much safer and this trend will continue for the next generations. In addition, the cost of nuclear power has also followed a decreasing trend. To understand that nuclear energy is getting safer, one should understand how nuclear reactors work.

Nuclear energy harnesses energy from the nucleus of the atom. When nuclear fission occurs, or the nucleus of an atom splits, nuclear energy is released. Nuclear power plants are machines that control nuclear fission in order to produce electricity from nuclear fission.

Although an average pellet of nuclear fuel weighs approximately 0.1 ounce (6 grams), According to Ewan McLeish in "The Pros and Cons of Nuclear Power," it can yield the amount of energy equivalent to that generated by a metric tonne of coal, which makes it much more efficient.

Uranium-235, the material most often used in power plants, is non-renewable because while uranium can be found in rocks around the globe, the specific 235 variant is extremely rare. This is why nuclear energy has generally been considered a non-renewable resource.

That problem seems to have been solved. the IMSR, or Integral Molten Salt Reactor, is a nuclear that has been developed by Terrestrial Energy. Some variants of the IMSR may be able to provide a levelized system total cost of 5 cents/kWh according to the company’s website. That’s in contrast to the average national energy price that lies above 8 cents/kWh, which is a noticeable decrease in cost, even with it being the first rendition of the reactor. Also, according to the the same webpage on Terrestrial Energy’s website, the average nuclear reactor’s LCOE today is almost double that of what the first IMSR’s LCOE is said to be.

{https://www.terrestrialenergy.com/technology/competitive/}

To elaborate, the levelized system cost of energy [LCOE] is a cost measurement system that divides the average total cost to build and maintain a power-generating asset by the total energy output of said asset over its runtime. This results in an average energy price at which energy must be sold to break even, which is subject to both markup and discounts. While energy price is therefore different from an LCOE, the improvement

Company Spotlight: Terrestrial Energy