One thing is for certain, the cleanest and most inexpensive source of energy is the one that is inexhaustible and can also be naturally replenished and readily produced. The next step would be to develop that type of renewable energy efficiently while also distributing it more effectively. The most rational way to create and produce energy is to generate it renewably by utilizing naturally reoccurring resources. Perhaps, that is why energy efficiency and renewable energy are gaining more and more attention from the largest names in the financial, energy, and industrial communities. Government, manufacturers, and the consumer are all involved in the renovation of the energy system towards one that is cleaner and more proficient. According to energy industry shareholders, it is the consumer that delegates that adjustment. Due to this enormous influence, consultants are seeking for government to propose incentives to the consumer in order to surge the growth of renewable energy technologies (Bloomberg 2011).
As of now, the historical shifts in “new” renewable energy sources, as well as the growth potential of "old" renewable energy sources, such as hydroelectric power, may suggest the adoption of new governmental policies and financing. These new policy adaptations may put a major emphasis on the ecological and financial benefits of renewable energy. In recent years, the production of sustainable energy has provided a very prolific field of research (Smil 2014).This mainframe
Oil, gas, and fossil fuels have been recent controversial issues. There are cleaner forms of energy that could be used, but it is unclear what sources should be used and how to
In recent years there has been great concern over the growing demand for energy, and the lack of non-renewable energy resources to meet the demand in the future. In addition, the question of “sustainability”—the ability to balance social, economic, and environmental needs in energy production to meet both current and long-term requirements—has come to the fore. It is clear that America must expand energy production quickly, and that we must develop renewable, sustainable energy sources to meet long-term demand and protect our future. There are many proposed solutions, such as wind and solar power. But the technology for these resources is not yet fully developed, making them, at best, low-output alternatives. Because renewable sources are
Renewable energy’s increasingly greater power output has “made wind and solar more competitive with fossil fuels in many regions” (Warrick). In fact, renewable energy has improved so much, both financially and technologically, that many “developing economies will ultimately choose renewables over cheap coal”, enabling them to “skip over a generation of technology” (Warrick). Hydropower, geothermal energy, solar energy, and wind energy will only keep improving in power output until they inevitably become the best choice for electricity. Now that private tech companies have begun to back renewables, their technology is increasing at an extraordinary pace. With more prominent business leaders supporting renewables, the public is more inclined to accept them. People like Elon Musk, CEO of Tesla (and many other companies), fund and promote clean energy projects to raise popular support and develop new renewable technologies. Some people argue, however that renewable energy will never produce enough energy to power the entire United States. After all, “by 2016, wind energy accounted for just over 6.7 percent of U.S. electricity production” and solar energy sits at just “0.6 percent” (Renewable). While this number seems extremely low, it has been increasing rapidly. In 2012, “solar energy accounted for only 0.2 percent of the electricity
Renewable energy has currently become a significant aspect in the countries generation, combination, and a constitution focus of government policy for energy, and environmental protection. As a result of public’s growing responsibility for the environment and constantly binding rules, and regulations of emission in the electric power industry, government has facilitated policies to boost the amount of renewable energy in the electricity generation portfolio. Additionally, the generation of electricity from renewable resources creates insufficient, and frequently, zero emissions of pollutants that comes from traditional fossil fuel production technologies. The additional use of renewable energy aids utilities in their emission agreement obligations. Furthermore, the anticipation of agreement with any future carbon emissions management would further toughen the incentive to move towards cleaner electricity creating technologies (Langwith, 2009).
Continued investment should be encouraged in order to develop the best technology in energy for the future. Continued investment will allow for new and exciting developments that will improve the energy industry in the long run. It will assist the industry in satisfying the growing demand and need for sustainability. There are a number of political and legal factors that are significant to the energy industry. For example, laws and government regulation on energy use could potentially affect the demand for domestic energy and thus lead to a shift in prices. However, with an increase of clean energy use, the demand for energy will not change dramatically due to laws and regulations, instead, the future prosperity of the globe will improve.
The Alternative energy industry in the United States has been at a steady rate of growth for the past decade, however there is still controversy over the use of renewable energies, their impact on the economy, and their impact on the environment. As controversial as the topic is, the argument boils down to a moral need to support environmental regulations, and an economical need to sustain domestic growth in the Energy industry of the United States. Mainly, the question is can alternative energy effective replace fossil fuels? There are of course arguments for both sides of this question.
Everyone uses a lot of power for lighting, heating, machines, movements, and so much more. All of that energy has to come from an energy supply. Some energy resources are renewable, while others are non-renewable. Energy has various forms and is a very essential part of our everyday lives.
Energy is an important part of life producing the power of movement, heat, and production of electricity in many different ways. Therefore, choosing the correct source of energy is important for the environment and humans. Renewable energy that produces electricity never runs out, causing a lower environmental impact. Solar, Biomass, Wind, Geothermal, and Hydropower energy should be used globally to produce electricity. On the other hand, producing electricity from nonrenewable energy sources can be very harmful to humans and the environment. Humans can easily be dependent on it, which may not be the best option when it comes to finance, efficiency, sustainability and more. Approximately 52% of the US electricity comes from polluting sources like natural gas, oil, nuclear, and hydropower that have a lot of disadvantages effecting the environment in a negative way.
Whilst it may seem a “no-brainer” to cease investment in non-renewable power and transfer our effort, resources and investment into developing renewable energy sources, the reality is that we have become so reliant and dependent upon non-renewable energy – particularly fossil fuels – that we must continue to use, develop, and invest in such energy to maintain the living standards that we enjoy today. In our short to medium-term future, and in spite of our ever-increasing scientific knowledge about the environmental price that we pay in using non-renewable energy, we must continue to invest in it. Let me explain why.
Renewable energy can be more affordable to people in the U.S. There are many possible ways it can be more affordable. For example, a renewable energy such as electricity can power automobiles with a be less expensive cost than to power it on fuel. Since fuel is related with international market, the price on fuel often result to inflation and deflation (Leistikow n. pag.). According to the chart on Gasoline vs. eGallon prices, Dan Leistikow compares, “Fueling your car with gasoline costs roughly 3 times more than fueling with electricity” (n.
In this day and age, we have new energy sources that could be used to power our homes and transportation. Wind and solar power are used all over the world, but are still used far less than fossil fuels. Most would say it’s not reliable or it doesn’t make any profit. While both statements are true, it doesn’t mean we can’t make a better future using renewable energy. In fact, the only reason we don’t use renewables for everything is that we don’t want to change. The hard truth is we need to change. Fossil fuels are great right now, but if we run out, humanity must have another source of energy.
Throughout the United States, there is a plentiful array of renewable resources. To name a few, hydroelectric power, tidal, solar, wind, and biomass (SEAI). In respect to all types of renewable energy, the government provides incentives. Based on how much money is needed for other resources, the United States federal government should not substantially increase incentives for the use of renewable energy in the United States.
With American population expected to increase by approximately fifty percent over the next fifty years, some sort of energy reform is needed (Lehrman 2). The most commonly proposed idea is for America to stop relying so heavily on fossil fuels, and to turn its focus onto renewable sources of energy, such as solar power and hydroelectricity (Energy Information Administration). If the United States could realize the benefits of renewable energy, then much of the world’s energy problems could be solved.
Energy is a critical component for every economy and society around the world. Energy is divided into two groups, nonrenewable (coal, oil, natural gas, and nuclear) with a finite amount found around the globe and renewable (hydro, tidal, solar, wind, geothermal, and biomass) that are constantly being replenished so that they will never run out (Green Energy Choice, 2011). The international economic impact of renewable energy is explored by examining subsidies, strategic policies, and comparative advantage of renewable energy.
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.