I’m doing a project for my economics class and I have to explain several different ways in which transitioning to renewable energy and relying less on fossil fuels will effect the economy. So far all I really have is that it will create more jobs. I have to be able to write a 5 page paper on this. Please help, this is due tomorrow!
Effect Of Using Renewable Energy On The Economy?
3 Responses to “Effect Of Using Renewable Energy On The Economy?”
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February 23rd, 2010 @ 3:57 pm
Using less coal will mean fewer coal miners.
Using less petroleum will mean fewer guys working on those deep ocean well drilling rigs.
using more Wind will mean more money for the farmers that have windmills on their land. and Studying the effects of killing birds from the blades.
Using more solar will mean lots more folks trained on how to install solar panels.
all this also means changes in College courses to prepare for degrees in these areas.
Less petroleum imported will mean a better balance of payments for Commerce.
Less petroleum means less reliance on Air transport and a shift to higher speed trains.
Airplanes are one of the least efficient users of petroleum. Soon Air travel will be only for the very important, rich or for a very infrequent trip.
People will live closer to work unless public transit is available.
If we go to food based crops for energy it will mean we starve people and start wars over food. (BAD idea)
conservation will be very IN due to the higher cost per watt from renewable sources.
February 23rd, 2010 @ 10:45 pm
A increased usage of renewable energy technology will lead to greater economies of scale, thereby reducing the overall cost of the energy to the end user. This benefit allows businesses to reduce fixed costs for energy usage allowing for greater profit margins, and higher returns to investors. We will also have increases in technologies similar to the personal computer era. As renewables become more main stream people will see other areas where goods and services are needed, sparking an increase in small businesses. Much like the early and mid 80′s when people saw ways to profit from software, web, home entertainment, etc. All of those fuel the expansion of our economy…and maybe this time we won’t just throw it away.
February 24th, 2010 @ 5:39 am
Well for one thing you can go green and save money. You can build a solar panel or wind mill for under 200 / 100 dollars, save money on your energy bill while making you less dependent from the utility company. What ever electric they generate, you will save money on your bill.
Go green and save money is the way to go, every time the utility company raises your bill, you make money from the electric your generating to the utility company.