Government Policies and Subsidies for Renewable Energy

Governments worldwide are subsidizing renewable energy technologies such as solar and wind power. These incentives are aimed at increasing their use in place of fossil fuels and helping to fight climate change. The most important policy tools in the US are the federal production tax credit (PTC) and investment tax credit (ITC). These have helped to make renewable electricity more competitive with traditional fossil fuels. Feed-in-tariffs are a popular policy mechanism used in many countries to accelerate the deployment of renewable energy. They offer long-term contracts for projects to receive a predetermined price per unit of electricity above the retail price. They also guarantee grid access, meaning that energy producers will have a path to connect their facilities to the utility’s network. In addition, they provide energy producers with a set stream of income from their projects. In Germany, feed-in tariff rates vary depending on technology type, size and site, with prices designe

Implications for the Society of Relying on Renewable Energy

As a society, we must alter our consumption habits. This requires a transition to renewable energy sources . However, there are drawbacks to switching from nonrenewable to renewable energy sources. These include capital expenditures and the unpredictability of renewable energy. The impact on the economy is one of the most significant societal implications of relying on renewable energy. Renewable energy can increase GDP, improve welfare, and support millions of jobs. It also reduces emissions of greenhouse gases. In fact, according to a recent study, transitioning to 36% renewables by 2030 could increase global GDP by 1.1%, improve well-being by 3.7%, and support over 24 million jobs in the industry. However, excessive reliance on wind and solar energy has had adverse economic effects in some regions. These jurisdictions have attempted to increase generation from these sources in order to meet peak demand on days with little wind and thick clouds or on calm nights when their own coal a

Potential Applications of Biomass Energy

The biomass energy that is produced can be used for a variety of purposes. These include electricity, heat, and transportation fuels.  The energy in biomass is first derived from the sun through photosynthesis, which plants use to turn carbon dioxide and water into food. Biomass can be converted into energy through thermal conversion methods such as gasification and pyrolysis. Biomass can be used to produce renewable electricity through a variety of methods, including direct combustion and gasification. These processes heat woody biomass or other dry materials to high temperatures without oxygen to generate synthesis gas (syngas) and pyrolysis oil. Another method is the anaerobic digestion of organic waste. The process can convert animal manure, food scraps, and even rotting garbage into natural gas and a medium-energy-content gas that can be used in power generation. These power plants can be a cost-effective way to generate electric energy from waste that might end up in landfills.