For my analytical paper, I chose to research the Energy Policy Act of 2005, concerning the challenges that the renewable energy industry is facing. Since the industrial revolution, nonrenewable energy sources such as coal, gas, and oil have provided the primary fuel for the United States and for the entire world as well. The growth of industrialization all around the world has increased the global demand for fossil fuels, and the increase in demand has brought many social, economic and ethical issues to the table. In the past, people had no idea of the ethical issues that the burning of fossil fuels created. Renewable energy forms have been around for centuries, but in the past renewable energy forms were too expensive and not as efficient
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Over the last decade technological advances in areas of solar, wind, biomass, hydroelectric, and geothermal energy have grown exponentially. “A milestone occurred in 2013 when the world added 143 gigawatts of renewable electricity capacity, compared with 141 gigawatts in new plants that burn fossil fuels.”(Blogs) This statement proves that fossil fuels had just lost the race against renewable forms of energy. Because of this, many countries have begun to implement new laws and regulations that allow citizens and companies to use and apply new forms of renewable energy throughout society. Out of all the renewable energy markets, the solar and wind power markets have grown the most in the last decade. Both markets have made extreme breakthroughs by bringing down costs and by making the technology more efficient and more user-friendly for their customers. “Recently released data from the Bureau of Labor Statistics shows that jobs in solar and wind are projected to grow fastest over the coming decade.”(Ivanova) This data shows that the renewable energy industry is creating an ample amount of jobs that could replace the jobs in coal mines and in the oil refineries. Solar power alone has become the cleanest and most inexpensive source of electricity in 2016, and it has the potential to provide substantial benefits to the world’s climate, people’s health, and financial benefits to the economies that implement solar
Over the last decade technological advances in areas of solar, wind, biomass, hydroelectric, and geothermal energy have grown exponentially. “A milestone occurred in 2013 when the world added 143 gigawatts of renewable electricity capacity, compared with 141 gigawatts in new plants that burn fossil fuels.”(Blogs) This statement proves that fossil fuels had just lost the race against renewable forms of energy. Because of this, many countries have begun to implement new laws and regulations that allow citizens and companies to use and apply new forms of renewable energy throughout society. Out of all the renewable energy markets, the solar and wind power markets have grown the most in the last decade. Both markets have made extreme breakthroughs by bringing down costs and by making the technology more efficient and more user-friendly for their customers. “Recently released data from the Bureau of Labor Statistics shows that jobs in solar and wind are projected to grow fastest over the coming decade.”(Ivanova) This data shows that the renewable energy industry is creating an ample amount of jobs that could replace the jobs in coal mines and in the oil refineries. Solar power alone has become the cleanest and most inexpensive source of electricity in 2016, and it has the potential to provide substantial benefits to the world’s climate, people’s health, and financial benefits to the economies that implement solar