Discussion Question For Economics 2

Please reply to this discussion question

When watching the news it seems like the answer to many problems like global warming, or pollution point to green energy. This would include wind, solar and hydroelectric power. While many people seem to believe these are renewable, and sustainable resources they are mistaken. These resources use around 3 to 6 times the amount of resources that natural gas uses. While the burning of the gas creates carbon dioxide, the creation or construction of the other energy sources creates more pollution than the natural gas usage. The way the government helps these “green” industries is through industrial policy, subsidizing and or regulating certain crops or goods to support the growth of the industry. 

Wind seems like it is plentiful and free, but windmills cost money, time and resources.There is more to green energy than one can see at a quick glance.Wind turbines use 8 tons of Neodymium to operate correctly. The use of this material creates a tremendous amount of pollution. Another problem with windmills is visual pollution, most areas do not want an eyesore consisting of windmills spread over acres of land. In the ares the mills are created there will need to be a plentiful source of wind, witch is not always attainable. The reason for this is that wind can stop, this forces engineers to add a 375 megawatt conventional power-plant as a backup to the 500 megawatt wind turbine. This is unnecessary and a bit foolish. Finally, the only way the government can attract individuals to start a wind farm is through subsidies. When subsidies are necessary you can tell that the cost is not worth the benefit, in this case it uses about 3 times the power of a contemporary power-plant, and causes more pollution. 

Solar power is also much more costly than expected. First, you need many acres of tiles to pick up the sunlight necessary to create electricity. The panels are also very costly, and create more pollution than natural gas. The government provided a solar company, Solyndra, with 1.6 billion dollars in subsidies to create a more cost effective and resource friendly solar panel. After research and attempts the company went bankrupt and no innovations were found. This case helps to prove that when subsidies are prevalent costs will exceed benefits. Further most government money is not used in a smart way, mainly because the officials have no skin in the game when using tax payers money. As of now solar panels are to costly, and create to much pollution through their production to be economically effective. 

Similar problems are present in the electric car industry, most cars are around 40,000-45,000 dollars. Even with government subsides and manufacture discounts the cars still has trouble selling. On top of the hard sell, these machines cause no less pollution than a normal combustion engine car. All of these industries are out of reach momentarily because of a lack of innovation in the field. Unfortunately government intervention through industrial policy has not seemed to positively effect any industries, there will need to be pure competition for useful breakthroughs. 

Show more







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10