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Peat is an alternative for fire wood for cooking or heating. Large electrical power plants are mainly fueled by peat. Peat is also used to help the speed/growth in plants/crops.
Pros of Peat Energy
What Peat is Used For
Some of the advantages of peat energy are that it provides aeration to the soil beds, and absorbs moisture so that the soil doesn't dry out to quickly. Peat has a high acid content which helps healthy growth on acid loving plants such as blue berries.
Some of the disadvantages of peat energy are that peat moss(choice for gardens) is more expensive compared to to the other possible soils. Peat isn't a local resource, and you would most likely have to get the soil shipped from Canada which adds to the cost. Using peat moss for smaller plants (potting plants, smaller trees etc.) cost more than if you were to produce an entire bed of peat moss.
Cons of Peat Energy
Peat is created from and accumulation of partial decayed organics and vegetables.The peatland ecosystem is the most efficient carbon sink on the planet. It takes thousands of years for peatlands to develop. The deposits of 1.5 to 2.3 m, which is the average depth of the boreal peatlands.
How Peat Energy Is Created
Renewable or Non-Renewable
Peat is not generally a renewable source of energy because of the extraction rate that countries are demanding the peat will not grow fast enough sat it's growth rate 1mm per year. Peat could be renewable because its constantly growing so it's not like once it's gone it's gone forever. For example gas/oil once you burn your gas it's gone and it is not a renewable sourced of energy whereas peat continuously keep growing but at an extremely slow rate.