Article 3: The article gives the writer’s perspective on the ‘Rebound Effect.’ The writer explains how the mandated increase in Energy efficiency in Energy Efficiency around the world is the driver for lowering the cost of new technologies and making them affordable to that section of society who couldn’t afford it earlier. This according to the writer ends up having the opposite effect of increasing the energy consumption instead of reducing it. The writer in the article gives example of refrigeration and air conditioning products to support his views in favor of the rebound effect. He concludes the article by saying that the lawmakers/policymakers of a nation should take into consideration the rebound effect when making laws to improve energy efficiency. My Take – I would not agree with writer Robert J. Michaels in terms of the ‘Rebound Effect’ as in the long term these energy efficient technologies and policies on energy conservation would be actually leading to energy savings. A simple example here would be of Government initiative in India of LED lighting replacing the older CFL lighting and other inefficient lighting sources. This has actually lead to energy savings in a country of the size and scale of India. Article 8: The writer Matt Ridley is a supporter of fossil fuels as is evident from this article as he praises the role of fossil fuels and …show more content…
The fracking companies are still profitable in fracking at a price of $45 per barrel. Established pipelines and other infrastructure is benefitting the drillers in these areas. Wells in the ‘stack’ are among the best performing assets according to Continental Resources Inc. Also the ‘Permian’, a major oil producing area has been reborn as a result of the combination of horizontal drilling and fracking according to the
The greatest impact on reducing dependence on fossil fuels could begin at home. All around us are devices that consume energy even as we do nothing with them. Known colloquially as “vampire power”, these devices in standby power mode continue to consume energy as they are never actually “off”. Studies by Ross and Meier (2001) have shown that the average household can have up to 40 different devices consuming energy, from clocks to microwaves and DVD players to television, these devices add up to, between, 5% and 26% of the total electricity consumption in a household – energy likely produced at the cost of burning fossil fuels, both in production of the electricity and the transportation of the fuels themselves.
In today's global economy, energy is one of the most crucial and sought after commodities. Who supplies it and how much they supply determines how much influence they have over other countries as well as the global economy. This is why hydraulic fracturing is currently such an important and controversial topic in the United States. Hydraulic fracturing, more commonly known as "fracking" or hydrofracturing, is the process of using pressurized liquids to fracture rocks and release hydrocarbons such as shale gas, which burns more efficiently than coal. This booming process of energy production provides a much needed economic boost, creating jobs and providing gas energy for Americans.
Slow Economic Recovery resulting in demand moderation of HVAC systems and leading to greater emphasis on energy savings: Global economic recovery has been sluggish especially in the US and Europe regions. This coupled with reduced incomes and high energy bills have impacted the overall demand for HVAC systems.
A lot of questions surrounds fracking, questions involving national government and job creation, local municipalities and job opportunities, economists and revenue, relevant infrastructure concerning local economy, local developers, current land owners and property value, food security, social and moral decline in society, local governments feeling towards Ubuntu and the list goes on and on. Although the list of potential problems is long, there is also some benefits in this industry as well. The state of South Africa now has a new form of revenue that will be collected by tax and permits. All cities and small town in the Karoo will benefit from all the new business brought on by the new drilling operators. All the farmers owning mineral rights will be financially rewarded by the gas industry leasing those rights (Potter & Rashid, 2013).
increasing the supply of renewable energy would allow us to replace carbon-intensive energy sources and significantly reduce U.S. global warming emissions… a 25 percent by 2025 national renewable electricity standard would lower power plant CO2 emissions 277 million metric tons annually by 2025—the equivalent of the annual output from 70 typical (600 MW) new coal plants (“Benefits of Renewable Energy
The key challenge that US policy must address the reduction of greenhouse gases while growing the economy. Recovery Act spending acted as a stimulus package to revive an economy heavily affected by the GFC(Aldy, 2012 p 3). While the recovery funds were aimed at stimulating the economy, President Obama stressed the importance of the development of renewable energies in his first State of the Union address (Roberts, Lassiter, & Nanda, 2010 p 3).
...atively; hence, it can be concluded that the ETR in Germany had a positive impact on reducing energy consumption, and the effect on employment is overall small and can be positive (Agnolucci, 2009)…..however….
...dwide will decrease significantly. This decrease in energy demand allows for a decrease in the reliance on fossil fuel based power plants, which means there will also be a reduction in greenhouse gas emissions. All things considered, there is no reason to delay the conversion from the old inefficient bulbs to the new efficient bulbs.
Fracking has become a highly controversial and publicized topic due to rising concerns and growing analysis into the mutual benefits of hydraulic fracturing to retrieve natural gas and oil reserves. With concerns of water pollution, mismanagement of toxic waste and irreversible
Over the last two centuries, humanity has become increasingly reliant on fossil fuels. Over that time, the consequences of constantly burning fossil fuels have accumulated into a threat to industrialized cities. The burning of fossil fuels causes acid rain to shower on cities and ecosystems around the world, tormenting their inhabitants. The increasingly deadly pollution caused by the burning of fossil fuels has caused the deaths of many people around the world by causing respiratory problems. Not only has the pollution worsened, but the supply of fossil fuels is not limitless – as humanity’s reliance increases the supply decreases, and that is all the more reason to break humanity’s reliance on fossil fuels. Fossil fuels should be replaced with cleaner alternatives because fossil fuels cause environmental hazards, are non-renewable, and are detrimental to human health.
According to the Union of Concerned Scientists, “Renewable energy — wind, solar, geothermal, hydroelectric, and biomass — provides substantial benefits for our climate, our health, and our economy.” One major benefit is that there would be little to no global warming emissions. Currently, electricity production accounts for about one-third of the emissions put off by the United States, mostly due to coal-fired plants. Renewable energy sources would produce little to no emissions. “According to data aggregated by the International Panel on Climate Change, life-cycle global warming emissions associated with renewable energy—including manufacturing, installation, operation and maintenance, and dismantling and decommissioning—are minimal” When comparing renewable sources to natural gas, which emits between 0.6 and 2 pounds of carbon dioxide equivalent per kilowatt-hour (CO2E/kWh), renewable sources such as wind, solar and hydro-electrical power emit somewhere between .07 and .5 (CO2E/kWh). It is obvious that renewable energy is the way to go in order to solve the energy production problem. (Benefits of Renewable Energy
ways. The use of electricity will reduces the usage of the earth’s resources such as gas and oil.
Buildings and the appliances alone account for 40 percent of America 's energy use and a third of our global warming emissions (NRDC). New buildings will need to meet new energy-efficiency standards that maximize energy savings and existing homes and commercial spaces can be improved to save energy through weatherizing and installing energy efficient heating, cooling and lighting systems. Ultimately, this will not only be energy efficient but also cost effective as well. In the bigger picture, retrofitting just 1 out of every 5 homes would avoid the need to build 13 mid-sized power plants every year. Retrofitting every house in the country would cut as much global warming pollution as taking a half a million cars off the road – and would save more oil and gas than we could extract from drilling in our coastal waters (NRDC). In the long run, creating more efficient communities through homes and buildings, we could cut back on the global warming issues we are dealing
Fuels like coal, and oil that once were a fine innovation in creating energy are now rapidly deleting and one day will be gone forever; energy that won’t last is often referred to as non-renewable energy. Besides being set up to fail and become inefficient in the future, fossil fuel energy is not clean to use and poses several environmental complications. Coal, for instance is “the dirtiest of all fossil fuels. Coal combustion not only produces sulfur oxides and nitrogen oxides that contribute to acid rain and snow, it generates millions of tons of particulates that cause asthma and other respiratory diseases.” As with all usage of fossil fuels, it creates enormous amounts of carbon dioxide, which contributes to greenhouse gas. Not only are fossil fuels dirty, they also pose as a security risk and unforgiving on the American wallet. (Saini)
middle of paper ... ... g the Energy Revolution." Foreign Affairs. Nov/Dec 2010: 111. SIRS Issues Researcher.