The Government Should Invest A Green Energy - 1337 Words

Currently, there is an ongoing debate as to whether the U.S. government should invest in green energy or leave it to the private sector. Now, the U.S. economy is a mixed economy, defined as an economic system that protects private property and allows a certain amount of freedom in the use of capital but grants government to interfere in economic activities, to achieve aims. Renewable energy essentially is a marketable public good because it has characteristics of both a public and private good. Per the Renewable Electricity Futures Study, an estimated 80 percent renewable future is feasible with current technology. A ten-year plan to reinvent America’s energy infrastructure and make it one hundred percent green energy would cost about $1.6 trillion, but would create millions of jobs (Foster, 2009). An economic principle is that people indeed respond to incentives there should be a price on carbon pollution, increase funding for research and development. A way to implement a mo re pro- green society is to inform the public and gain public approval to back it up. The government can provide direct grants that would directly fund research and development of new technology. Also, tax incentives for initial investments and operating of renewable technologies and guarantee loans (Graylee, 2012). Engineer and inventor, Elon Musk, feels that solar power is underrated and should be taken into consideration. Musk is an interview said that â€Å"if we covered just a corner of Utah or NevadaShow MoreRelatedShould The Environmental Protection Agency Proceed With The Clean Power?967 Words   |  4 PagesIn 2014 Berkeley Energy and resources collaborative had published an article Ranking Global Warming Contributions by Country (Santiago Miret). In the article they list what contributes to global warming, such as fossil fuel, methane, nitrous oxide, aerosols, and land-use. The list revealed the top twenty countries with the United States being the first on the list, wi th a total warming of 0.151 Celsius. The United States second to China when it comes to carbon dioxide emission; according to anRead MoreGlobal Climate Change : Green Energy1107 Words   |  5 Pagesstem from combustion of fossil fuels derived from vehicles, factories and energy sources. A solution to combat global climate is to invest and use alternative energy sources known as green energy. Green energy is derived from rain, wind, sunlight and other natural sources. Green energy has less of a negative impact on the environment compared to fossil fuel energy. In my opinion, the United States should invest in green energy, because it would assist in tackling issues regarding global climate changeRead MoreThe Real Green It Machine Capital Investment Decision And Sensitivity Analysis939 Words   |  4 PagesThe real green IT machine capital investment decision and sensitivity analysis. The aims and objectives to build new data center for the Central Bank: Judi Ritts and her boss, wanted to apply economics of green practices for their next data center as because of the high performance of server and substantial savings in power and cooling costs. Should Central bank invest in New Data Center? Central bank should invest in a project that yields a return greater than the minimum acceptable hurdleRead MorePolicy Brief On Sustainable Energy And Green Industry Puerto Rico1703 Words   |  7 PagesPolicy brief on sustainable energy/green industry Puerto Rico Purpose section According to United Nations Industrial Development Organization (UNIDO) the term green industry is defined as an industry that ensures sustainable and viable future with no harm on our environment (UNIDO 2016). In Puerto Rico, manufacturing industry accounts for about 46.3 percent of Gross Domestic Product (GDP). This indicates that Puerto Rico is highly dependent on different manufacturing industries for its revenue. SimilarlyRead MoreWhy British Columbia Should Continue Gradually Increase Price On Carbon Tax1245 Words   |  5 PagesFor the last two decades, the increased use of fossil energy caused the environmental problems. The evidence of global warming, like drying rivers, extinction of species, melting of glaciers, became more often around the planet. The climate change became a threat to healthy environment and prosperity of humanity and wildlife, and the world community started searching for solution to combat climate change. In 2008 British Columbia introduced carbon tax on greenhouse gas (GHG) emissions to reduce globalRead MoreGreen Economy1529 Words   |  7 Pagesdiversify the economy of Kazakhstan. â€Å"Because of Green construction principles implementation, and increasing production of domestic construction materials, it would be possible to create up to 150 thousand new jobs by 2030.† The Concept also claims that â€Å"its execution will make it possible to create around 400 thousand new jobs in the agricultural sector and that many jobs and opportunities will be created for engineers that are specialized in renewable energy and high-tech technologies. By increasingRead MoreFuture Fuel Is A Small Oil Company Essay1379 Words   |  6 Pagesindividuals who are supporters of sustainability and have legitimate concern for the environment and are also aware of the growing green movement .As a result we have plans of increasing the research and development budget for seeking new renewable and viable alternative sources of energy as well as equipping the headquarters and 8 other sites in the west with renewable energy systems .Questions like what we are aiming to achieve, our position on corporate social responsibility, what the company oweRead MoreAchieving Sustainability Through Green Banking993 Words   |  4 PagesAchieving Sustainability through Green Banking Overview The devastating effect of recent storms, floods and other natural calamities forces us to think seriously about global warming. Governments, corporations and individuals all have their own role to play in combating the demon called Global warming that we have conjured out of our own activities. There are a lot of discussions about who can really contribute to the emancipation of the environment and everyone seems to shrug off the responsibilityRead MoreGreen Energy is a Substitute Energy Source1720 Words   |  7 PagesIntroduction â€Å"Green† (or alternative) energy is a substitute energy source for fossil fuels. Alternative energy is interchangeable with Renewable energy since the sources that are generated are natural and cannot be exhausted, all of which have minimal environmental impact. Alternative energy sources include solar power, which is acquired from the sun; wind power; water energy, which produces hydroelectricity; and biomass energy, which comes from plants. Due to these sources being free and causingRead MoreAir Travel And Climate Change Conference1038 Words   |  5 Pagesconsists of policies that each country must follow so that our planet’s current condition is improved. In order to meet its goal, Canada must change its transportation regulations, invest in renewable energy and improve its food regulations. The Canadian government should put a tarif on commercial airlines and invest in public transportation. Aviation is a growing industry that has an enormous impact on our climate. Before flying, it is crucial to think of the carbon footprint you are leaving on