Joseph Aldy, a professor of public policy at Harvard University, states that there are several challenges holding back renewable energy growth. An increase in fracking has lowered the cost of natural gas drastically. This in terms has created less of a demand for other sources of energy such as solar or wind. Aldy notes that imposing a carbon tax could increase the demand for renewable energy, but until there is a larger demand for renewable energy, there won’t too much growth. Essentially, public policy professor, Joseph Aldy, believes we have yet to switch to renewable energy because natural gas is far too conveniently cheap to produce, despite it 's hazards to the environment.
Renewable energy is also made intentionally expensive by the fossil fuels industry. Katie Ottenweller, a leader of the Solar Initiative at the Southern Environmental Law Center, claims that utilities are blocking solar growth. This occurs because Utility co...
... middle of paper ...
...bsidies for oil and gas industries. If we were to eliminate fossil fuels and put the money that goes towards large subsidies for the fossil fuel industry towards solar power, it wouldn’t be so expensive.
Additionally, renewable energy is expensive in other aspects. Renewable energy is a threat to the fossil fuels industry. Millions of dollars are spent every year by lobbyist in Washington to prevent the expansion of renewable energy. The Fossil Free MIT organization claims, “The fossil fuel industry spends hundreds of millions of dollars lobbying and donating in Washington, D.C. against legislation for climate change action”. This legislation includes the expansion of renewable energy. The efforts by the fossil fuel industry and lobbyists in Washington to limit renewable energy are very costly and keep renewable energy unaffordable to the general U.S. population.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Renewable energy is the key to replacing the use of fossil fuels, by increasing the use of natural resources to power energy sources. By promoting the use of renewable energy it would result in a decrease in negative environmental impacts. Fossil fuels are the main contributor to global warming, air pollution, acid rain, and oil spills (Pacific Environment, 2014). The dependence upon fossil fuels for energy has created a major environmental catastrophe, resulting in the loss of many ecosystems. As stated in Ibraham Dincer’s review; if humanity expects to continuously depend upon energy systems the environmental impacts need to be contemplated rather than pushed aside (Dincer, 2000).... [tags: Renewable energy, Wind power, Hydroelectricity]
1431 words (4.1 pages)
- No other factor has stronger influence on social evolution as transitions in energy forms. The world is contemplating another transition, a transition from fossil energy to renewable energy. The rising trend in energy transitions globally has been one of discovery of energy sources that are cost and energy-input effective in terms of exploration, this has delivered a great deal of energy into our hands at cheaper prices. Now the rate of consumption of energy is increasingly becoming non-sustainable, due to the exhaustion of fossil energy resources and the effect of this consumption on climate change.... [tags: Wind power, Fossil fuel, Renewable energy]
933 words (2.7 pages)
- 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.... [tags: Energy]
1149 words (3.3 pages)
- Until the 70’s, renewable energy systems were widely considered minor and declining power sources (Maugh, 1972). Since then, palpable advances in technologies, to produce an array of renewable energy-products (see Pandey, 2009), together with the promise of jobs and higher aggregated value to rural activities (see Domac, Richards, & Risovic, 2005), “greatly contributed to revise this setting” (Cowan, 2002; Petroleum, 2009; Sims, Hastings, Schlamadinger, A. Taylor, & Smith, 2006). Change started at a slow but steady pace, led mainly by the successive development of the economies of South-East Asia and Brazil.... [tags: Energy]
1771 words (5.1 pages)
- Future of Solar Energy Solar energy technologies (SETs) supply energy with less environmental hazards than oil, natural gas or coal. SETs are often overlooked because of initial start-up costs and aesthetics. As technology progresses, the costs are projected to decrease, thus becoming more accessible for businesses and homeowners alike. Even in the states that are prone to prolonged overcast or cloudy weather, the use of solar energy is still viable because it will cut down on the need for pollution-excreting fossil fuel power plants.... [tags: Photovoltaics, Solar energy, Fossil fuel]
1243 words (3.6 pages)
- Everyday we sit and work with our laptop, watch TV, play with tablets, use the coffee machine, use the lights, etc. Electrical appliances and devices exist today in very large numbers and will keep on growing at a very fast rate. In order to meet demands for electrical power, fossil fuels have been the main force of producing electricity ever since the industrial age. As effective as fossil fuel is, it will not last forever due to the fast rate of consumption and increasing electricity demand. As supplies of fossil fuel dwindle, it has become clear that renewable energy will become the primary source of global energy.... [tags: fossil fuel, wind turbine, global energy]
1495 words (4.3 pages)
- Energy sources are the center of political debates at sate and local levels of government. When communities, organizations, and political entities have a say on what should be used as a viable source and what shouldn’t, there will be issues arising from many directions. This is due to the potential changes a matter like incentives to use renewable sources of energy, solar energy specifically, over fossil-fueled sources can have. Choosing the most appropriate source, in terms of sustainability, cost efficiency, and economic prosperity is a complex task.... [tags: Fossil fuel, Wind power, Peak oil, Nuclear power]
1213 words (3.5 pages)
- We are at a tipping point in history. On one side, there lies a world where man and nature live in a balance. On the other, there lies a frantic world of upheaval and chaos as the forces of nature combat with the needs of our civilization. The global expansion of population and the trend of urbanization in regions that are experiencing economic expansion directly result in more people relying on carbon-based resources and services. The demand for these services has increased with the growing economies of many states around the globe.... [tags: biofuels, nuclear energy]
1390 words (4 pages)
- Introduction Electricity is generated by the use of energy. Before going further, it will be necessary to talk briefly on what energy is all about. In this modern day, the standard scientific definition of energy is the capacity to do work, which means ability to move an object against a resisting force (Boyle 2003). According to (Beggs 2009) a physicist or an engineer will best describe energy in a form of an illustration. I.e. consider a mass of 1kg which is raised 1m above a surface on which it was originally resting.... [tags: Energy ]
2060 words (5.9 pages)
- Energy Consumption Continuing expansion of the world population results in increasing demands for energy to support human existence. I will concentrate on countries that use a lot of energy from fossil fuels, as well as examine countries that are increasingly becoming dependent on alternative forms of energy, such as nuclear energy and hydroelectricity, and others including geothermal and solar energy. The fossil fuels I am going to examine are coal, natural gas, and oil. Within the sector of oil, I will specifically show the demand for petroleum imports.... [tags: Renewable Energy Essays Papers]
1212 words (3.5 pages)
- Workplace Structures : Work Health And Safety And Equal Employment Opportunity
- The Importance Of Communication And The Whole School Approach
- Obsessive Compulsive Disorder ( Ocd )
- Health Inequalities And Socioeconomic Deprivation
- Biblical Foundation For Millennial Discipleship
- Active Duty Military And Their Families