As aforediscussed, many authors agree that capital utilization play an important role in defining business viability; however there is a lack of assessment methodologies for making such assessment possible on the context of assessing Renewable Energy Projects. In view of that, and in order to tackle this difficulty, a generic assessment model has been presented on Chapter three Within the context of studying Renewable Energy Projects, this section provides an application of the generic model as to provide a glance on the insights, or gains in knowledge that can be achieved from the exploration of capital.
4.1 Case-Study Motivations
As we have previously discussed in Chapter one, the global demand for biofuels is expected to continue its
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Due to these reasons, it has become of crucial importance to understand the Brazilian Renewable Energy System. Therefore, this thesis applies its present assessment methodology in order to test its ability in generating useful information to the viability analysis process.
4.1.1 Brazil
With its 8.5 million square kilometers and over 190 million inhabitants, Brazil is not only the fifth largest territory, comprising nearly half of South America, but also the world’s fourth largest democracy (CIA, 2008). This tropical country is a major world player comprising one of the most modern and sophisticated industrial economies of the developing world - the tenth largest at market exchange rates. Despite ranking as the world's 15th largest oil-producer, advancing to become oil-independent due to recent massive discoveries in oil resources along its coast (see Mello, 2008), “few countries with reasonably good levels of industrialization and oil reserves have an energy matrix with such an important share of renewable energy sources (as Brazil)” (Walter, Dolzan, & E. Piacente, 2006). Brazil is considered to have the world's
As the world population rises, we are using more and more energy and it is depleting faster than ever. Our fossil fuels (coal, oil and natural gas) will not last forever and at some point we will have to switch over completely to renewable energy sources. While most of the world still uses non-renewable energy sources, the future will rely on renewable energy and its applications. Right now, over 90% of the world still uses fossil fuels and developing countries even burn wood to generate energy. At the rate we are using our fossil fuels, they will not last us far into the 22nd century. Additionally, big consumers of fossil fuels like China, U.S., Russia, and India are creating large amounts of pollution and it is only increasing. For instance, India has major issues with pollution because of heavy traffic (which releases more fuel emissions into the air), the burning of biomass (wood and other organic matter), and runoff into lakes and rivers. Right now, our biggest goal should be to figure out how to implement more forms of renewable energy in our own society. We should start using renewable energy in America because: it is more environmentally friendly, opens up the job market, and improves the health of the public.
CTE is a disease that many NFL players and athletes have suffered because of several head injuries. More awareness must be raised for CTE, and Jeanne Marie Lasakas’ essay and the film Concussion provide that awareness as well as telling a compelling story.
Since the gasoline and fuel oil shortages of the 1970’s, the topic of renewable energy has been
Brazil, South Americas most influential country has seen major growth in terms of the economy over the last decade. The main commodity from this region is oil and they are currently one of the world’s largest and major energy exporters. Recently finds in the Atlantic Campos Basin have had a staggering impact on the amount of crude exports and have seen a huge rise in their market.
According to Salacuse (2006) organizations are composed of individuals with separate self-interest. If, an organization allowed these diverse individuals to exercise their own motivations the organization would not achieve its desired goal. Therefore, every organization provides a sense of direction that its members must abide with, in order to accomplish the desired outcome. Organizations utilize leaders to assist it defining, implementing and inspiring members to move in the desired direction.
One of the greatest problems in recent years in America is the dilemma of alternative forms of energy. While all forms of energy have various pros and cons, some are much more favorable than other depending on renewability, reliability and cost. Some are extremely energy renewable, some are much cheaper than others, some are much more reliable and some take up a lot less space than others. There has been a lot of disagreements as to what the best source is, pro's and con's considered. All of the sources have one thing in common: they all have a major reason that could triumph over their alternatives. Amid all the argument is an energy source that can tops them all, but it may be a while before it's accepted as that. Our modern society is
World oil demand is increasing as emerging economies need more energy to increase their living standards. Estimates, shown below, are that by 2030, China and India as emerging markets will import over 70% to 90% of their fossil fuel needs (1) . Coupled to a continued high and growing demand for oil, makes this a robust market for the next 30 years.
The targets set by Brazil would reduce their emissions from the current level of 1.6bn tonnes a year to 1.5bn tonnes by 2025 and 1.3bn tonnes by 2030. By the year 2030 Brazil aims to get 66% of its electricity from hydropower and 23% from other renewable sources including win, solar and biomass. Brazil will also strive to end illegal deforestation by
scenario, more than 600,000 wind-related jobs could be supported, accelerating the already tremendous growth of the American wind industry” (Zayas). Installing and operating these large wind turbines creates loads of jobs in our country. Men and Women of our country need to get back to work and these turbines are helping immensely. More men and women working means that they will have more money to support their families. As a result, they will be taken off of welfare and be actually working for their money. This will result in less children starving and more roofs over American family's heads. Certainly, renewable energy should be the main way the country generates its electricity because of wind power which also helps the economy making it an economically sound decision .According to the nonprofit Solar Foundation, “The organization’s annual National Solar Jobs Census for 2016 showed that the solar industry’s contribution to the national employment picture is significant, adding up to one out of every 50 new jobs created last year”( Tina Casey). Renewable energy and especially Solar power is creating jobs in our country. In this country, there are too many people on welfare and not working. Solar energy can help fix this massive problem. More jobs mean less of the nation’s money going to people on welfare. This means the country will have more money to spend on roads, bridge, airports and other infrastructure to make this country a better place. Overall, renewable energy
The diversification in terms of sustainable energy and the utilization renewable energy options in various practical uses have become one of the most significant factors as a substitutable source for oil and gas. In addition, it could be a viable solution for environmental problems. Omubo-Pepple et al. (2009) believe that the effective solution for environmental degradation, resulted from the use of fossil fuels which caused some dangerous problems such as acid rain, green house effect and ozone layer depletion, is to increase in renewable energy options uses. Indeed, some countries such as United States, Germany, Spain and Japan are progressively undergoing transition from hydrocarbon-based economy to one based on sustainable forms
Energy is a crucial necessity and with the ever increasing need for it and the high and fluctuating prices of oil, researchers are constantly coming up with newer and more sophisticated alternative sources of energy. However, energy comes at a cost, as it is either expensive or it possesses high health risks. This essay presents the concept of energy by discussing the two major types of energy, the various forms it could take, including renewable sources of energy, energy conservation and above all it talks about the safest and cleanest alternatives.
This essay focuses on two renewable energy resources. First of all, biofuel is now accepted as alternative energy in worldwide. The figures continue upward trend in the biofuel production. ‘An annual growth rate of 6.8% from 2006 to 2030 is expected for total biofuels consumption in the transport sector’ (International Energy Agency: 2008 cited in Zhou, et al., 2009:S11). Significant leaders of the biofuel market are Brazil, the United States and the European Union. The results of research indicated that 92% of the world’s ethanol is produced by Brazil and US together, while 90% of the world’s biodiesel manufactured by the EU. In addition, several developing countries in Asia such as Indonesia, Malaysia, Thailand, and the Philippines have an enormous potential for biofuel production. Now these countries are
M-Global has an extreme passion for energy conservation and dedicates itself in finding alternative energy sources that are innovative and constructive. Biofuel is the emphasis of our company and our purpose for this pursuit. According to Green Choices of Cornell University, “biofuels are energy sources made from living things such as plants or from waste that the living things produce”. (http://www.greenchoices.cornell.edu/energy/biofuels/) Biofuels will reduce greenhouse gases that car oil and gasoline produce. Emissions enter the ozone layer trapping heat resulting in warmer temperatures in each season. A first generation biofuel will consist of gasoline such as biodiesel, which will be discussed in this portfolio.
Energy has fast become an issue of critical importance for leaders across the globe. In his book, ‘The End of Oil’, Roberts (2005) describes energy as an important factor in geopolitical issues, defining it as “the currency of political and economic power, the determinant of nations, and a new marker, even for success and material advancement.” As a result of this currency, the access to clean, reliable and affordable sources of energy has become the overriding imperative of our time.
In contrast, some believe that renewable energy is a key factor involved in helping the economy to grow. Many jobs are created in the manufacturing and running of renewable energy plants. The renewable energy and energy efficiency technologies created 8.5 million new jobs and $970 billion in revenue in the year 2006 (Langwith, “Renewable Energy is Economically”). The American Solar Energy Society says by 2030 it could generate up to $4.5 trillion in revenue for the U.S and create 40 million new jobs. This would represent one in every four jobs (Langwith, “Renewable Energy is Economically”). This shows how vital it is to get renewable energy companies in the U.S. It is important to build a stable economy again and do it all while helping the environment.