Friday, April 19, 2019

The True Cost of Alternate Energy

The economic principle I’m exploring is “Institutions are the “rules of the game” that influence choices.”




EWG

My research question to help me study the economic principle is “ What are alternate sources of energy besides oil that are somewhat cost effective?”

The article published in January of 2019 by EWG titled “Is 100 Percent Renewable Energy Possible for the US? Yes. demonstrates this economic principle by arguing that it is almost impossible to switch energy sources in the next 2-3 decades because there isn’t a great alternative source that the american people could economically provide but it will eventually be possible.

    First, solar power is very costly but can provide adequate energy but with the current tax returns the government provides and the decreasing cost of solar power installment, it continues to grow and spread widely throughout the US. Combined with wind power as well its a very good choice and scientists say that “There’s more than enough solar, wind and hydro potential – 30 times more than business-as-usual forecasts for energy demand in 2050.” Still with this we continue to not shit towards alternate energy.

    Second, nuclear energy is another option but apparently they are causing more harm them good so it is important to stick strictly to solar, wind, and hydro. After the boom of nuclear plants because nuclear plants don’t emit greenhouse gases” it is now smart to get rid of them because “they’re dangerous and obscenely expensive, and they generate mountains of radioactive waste.” Sometimes even clean energy sources aren’t 100 percent clean.

    Third, while it seems that 100 percent non renewable energy is really far out. It wouldn’t be if we cut funding towards certain energies and focused solely on non renewable. Doing this would make it more efficient and less expensive for the american people in the long run. Besides, were going to have to do sometime in the future anyways so why not do it now. In my next blog post I will research the question: What is the true impact that our current energy source of coal and oil on our environment?

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