User:RyanRichard/sandbox

Appeal of Renewable Energy in the Capitalist Market

A recent Bloomberg article showed wind and solar (energy sources) are crushing fossil fuels. In terms of investments, clean energy out does both gas and coal by a 2-1 margin. This positive margin is result of the consistently falling price of renewable energy production. Renewable energy sources hold a assertive advantage over fossil fuels by being a technology, instead of a fuel. Therefore, as time proceeds renewable energy becomes inevitably more efficient. Both the solar and wind industries have proven to continuously double as time goes on. Over the last 15 years, the solar industry has doubled seven times and the wind industry has doubled four times. In contrast, the fossil fuel industry has declined over the last 15 years, specifically, America's coal industry, which has lost 75 percent of its value within the past few years.

File:Cheaper sun energy.png

Renewable energy sources also gains advantage over the fossil fuel industry through the extreme support given by governments around the world. Globally, governments have taken action in boosting the renewable energy industry though implementing subsidies. Meanwhile, various global efforts fight against fossil fuel production and use. The demand for renewable energy sources has sky rocketed in the last 15 years, while fossil fuel have drastically fallen in demand. (demand in capitalism)

The worldwide concern of climate change (also known as global warming) is notably the largest contributor to the green energy industry's rapid acceleration, just as it is largely responsible for the decline of the fossil fuel industry. The overwhelming scientific consensus of climate change's reality and its potential catastrophic effects have caused a large part of the world's population to respond with panic and immediate action. While the world's response has been strong, environmentalists and climate scientists do not believe the response has been strong enough to counter climate change's effects, and that the transition from fossil fuels to renewable energy sources is moving far too slowly.

The global efforts and concerns of both governments and individuals to take action implementing and transforming from fossil fuels to renewable energy sources show the enormous potential of the green energy market. This potential is seen in the countless renewable energy projects under way. Currently, there are over 4,000 major solar projects being implemented. These, and all renewable energy projects, set goals of long-term economic benefit.

The Global Apollo Programme, set up by both economists and scientists, has a goal of creating a solar capability that can stand as a cheaper alternative to coal-fueled power plants by 2025. In capitalist markets, solar energy has the very real potential of becoming a direct competitor to coal plants in less than a decade.