Environment- The replacement of fossil fuels with renewable energy (UCSUSA, 2013) will cause a decrease in CO2 emissions which will decrease pollution. By using renewable energy sources like solar energy, we also reduce our dependence on fossil fuel gas and oil reserves, which are becoming more expensive and difficult to find. It also reduces our dependence on imported fossil fuels, improving our energy security. Economic- Renewable energy development outperforms fossil fuels (UCSUSA, 2013) in two important ways when it comes to driving job growth, first of all renewable energy development is relatively labour intensive, so it creates more jobs per dollar invested than fossil fuel resources and Installing renewable energy facilities uses primarily local workers, so investment dollars are kept in local communities. Local landowners benefit from renewable energy development.
They think that less CO2 would be produced compared to coal, which is also a big energy source we rely on now. The thing is they might be right, but not all right. If you look at one coal burning site and one fracking site with only one fracking machine, then that would be true, a lot less CO2 would be produced. But, the amount of energy that comes out of the hydrofracking site is a lot lesser compared to the coal burning site. For a hydrofracking site to work, you will need more than 1 fracking machines to produce as much energy.
For example, in order to generate electricity, fossil fuels are burned. This result in the emission of the CO2 and according to the United States Environmental Protection Agency (EPA), the process of generating electricity is the largest source of emission of carbon dioxide producing 38% of
The solar energy needs less maintenance cost comparing to coal because the coal-fired plant cost more to run the plant. It is also pointless to compare the construction cost of solar energy and traditional coal fired plant because it is dying out and new ones are no longer being built. As per the EIA, a new type of coal power plants that avoid releasing the harmful emission the price is way too high compared to solar energy (solar vs coal 3) also solar energy doesn’t need fuel cost whereas the fuel cost is needed for the coal
The surplus of resources like coal and water not only helped power the machines at sufficient rate, but ensured the nation had a good economy and government. These resources were the reason why Britain 's economy and government were stable and prosperous. Without these geographic features, the industrialization in Britain would not have been
With the 25-30% better fuel economy, a diesel engine can deliver much more fuel economy that electric hybrids. That may sound pretty far out there but it is true. With simple things like chips or programmers you can easily increase fuel economy and performance at the same time. Although diesel gas is a little more expensive, it last a lot longer due to it burning
The starting price for a MacBook is around $1000 – that’s a lot of money to fork out on a computer, but it’s worth it. I mentioned before, Windows is produced by other manufacturers, therefore, leading to cheap products – making the outcome more expensive in the long
In these industries, goods are produced in factories, these companies and industries are primary contributors to global warming. As these factories or manufacturers use a significant amount of burning of fossil fuels. This burning of fossil fuels produces Sulfur Dioxide and other harmful gasses that can severely contribute to our predicament Global Warming. If we use an alternative solution for the fossil fuels, we would probably end up having to face many political and economic issues. Even though we have much alternative energy, like solar panels and wind turbines, fossil fuels are the primary lead in the economy.
Since both the company’s market share so large, the market is very close to a duopoly (other players having a very small impact on the market). Hence we assume this to be a situation of duopoly. The 2 companies sell products which are very close substitutes and are constantly fighting for greater market share. A person may buy a Coke product instead of a Pepsi one, and vice versa. The objective of both is to maximize their profit.