Sunday, January 5, 2014

Renewable Energy Fuels Economic Recovery


Currently the US economy is facing one of the deepest economic recessions in its history and frankly the country is standing at the crossroads.
Energy issues have become one of the most problematic points everyone is discussing right now, and the debate is getting rather heated.
The US government needs to decide how to solve the problem of growing demand for energy resources without deepening the country’s dependency on energy exporters and trying to eliminate harmful ecological effects of using the traditional energy resources as much as possible for the future.
Even though the country is now having difficulties in all branches of economy, energy issues are considered one of the most important and some solutions have already been outlined to provide first aid to this sector, it is that important.
The call for families to start producing their own power has begun with several initiatives all across the country as well.
First of all, the government wants to renew the energy transmission system, encouraging consumers to save energy, funding the research and development of green and cost-effective energy resources.
Such practice will not only help the country to improve its position but to create thousands of new jobs in green economy sector.

Another governmental incentive in this sector is the requirement for all energy producing companies to receive certain percentage of energy from renewable energy.
Western US states, possessing the largest amount of renewable resources, took this incentive with particular enthusiasm, raising this minimum to 20 per cent. This decade has seen a comeback of the hydro power, which is together with solar and wind power the dominating renewable resources.
Hydro power plants are widely utilized in the world, making up to 19 per cent of the total amount of electricity, in the US this number equals to 10%.
Aiming to increase this proportion, American engineers put a lot of efforts into refitting the existing dams, because creating more of them would have environmentally harmful effect.
They are planning to achieve higher generation of power by improving and updating the dam equipment and the way the reservoirs store water.
There are also some new ideas of how to combine different kinds of renewable resources, including hydro power, into tandems to make generation of electricity as cost-effective, as possible.
  • Moreover, such as mix will largely contribute the balancing of energy transmission grid. Developing hydro power facilities, as well as stimulation of all other elements of renewable resource sector is crucial for the future of the US, as it is predicted that the demand for energy will rise 35 % by the year 2025.

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