Economics of Renewable Energy

By -
The following outline provides a comprehensive look at how renewable energy, environmental issues, economic development, technology, and SDGs intersect and influence one another. Each topic can be further expanded to create detailed articles or reports based on your focus area. 

1. Economics of Renewable Energy

  • Cost Dynamics: Declining costs of solar, wind, and battery technologies.
  • Investment Trends: Government policies, private investments, and green financing.
  • Job Creation: Employment opportunities in renewable sectors.
  • Grid Integration: Economic challenges of integrating intermittent renewable sources.
  • Subsidies and Incentives: Economic impact of subsidies on fossil fuels vs. renewable incentives.

2. Energy and Environment

a. Nuclear Energy

  • Role in low-carbon energy production.
  • Economic considerations of nuclear safety and waste disposal.

b. Access to Energy

  • Challenges in providing affordable, reliable energy in developing countries.
  • Role of renewables in ensuring universal energy access.

c. Transition from Fossil Fuels to Clean Energy

  • Economic costs of transition vs. benefits of reduced emissions.
  • Stranded asset risks for fossil fuel industries.

d. Pollution Issues

  • Lead Pollution: Sources, economic impacts on public health.
  • Plastic Pollution: Economic costs and potential for a circular economy.
  • Oil Spills: Environmental and economic impacts, recovery costs.
  • Air Pollution: Health costs and impacts on GDP; distinction between indoor and outdoor pollution.
  • CO2 and GHG Emissions: Mitigation strategies and economic impacts.
  • Climate Change: Economic effects of climate change on agriculture, infrastructure, and health.
  • Ozone Layer Depletion: Impact on public health and agriculture.

e. Clean Water and Sanitation

  • Economics of water purification, desalination, and equitable access.
  • Role of infrastructure investment.

f. Biodiversity and Environmental Impact of Food Production

  • Impact of agriculture on biodiversity.
  • Economic implications of sustainable food systems.

g. Natural Disasters

  • Economic costs of natural disasters exacerbated by climate change.
  • Role of renewable energy in enhancing climate resilience.

3. Economic Development

a. Government Spending and Taxation

  • Public investment in renewable energy and green infrastructure.
  • Tax policies for reducing carbon emissions.

b. Economic Inequality

  • Energy access as a driver of economic inequality.
  • Effects of renewable energy policies on economic distribution.

c. Economic Growth and Globalization

  • Role of renewable energy in driving green economic growth.
  • Impact of global trade on renewable energy technology transfer.

4. Innovation and Technology Change

a. Artificial Intelligence (AI)

  • AI in optimizing renewable energy production and grid management.
  • Role in monitoring pollution and environmental impacts.

b. Space Exploration and Satellites

  • Role of satellites in monitoring climate change and pollution.
  • Economic benefits of space-based solar power.

c. Transportation

  • Economic benefits of electrification of transportation.
  • Role of EVs in reducing GHG emissions.

d. Research and Development

  • Importance of R&D for advancing renewable technologies.
  • Investment trends in energy storage, hydrogen, and smart grids.

e. Technological Change

  • Impact of technological advancements on energy efficiency.
  • Role of Industry 4.0 in energy systems optimization.

5. Sustainable Development Goals (SDGs) and Their Status

  • SDG 7 (Affordable and Clean Energy): Progress in renewable energy adoption and challenges in universal access.
  • SDG 13 (Climate Action): Status of international climate commitments, adaptation measures.
  • SDG 6 (Clean Water and Sanitation): Progress and economic challenges in achieving universal access.
  • SDG 9 (Industry, Innovation, and Infrastructure): Role of technology and infrastructure in sustainable energy systems.
  • SDG 11 (Sustainable Cities and Communities): Role of renewable energy in sustainable urban planning.
  • SDG 15 (Life on Land): Biodiversity loss and sustainable land management efforts.
  • Overall status of SDGs in the context of energy, climate action, and sustainable development.

Further more detailing will be provided, in continuation of the secondary research . . . 

Comments

Post a Comment

Popular Posts

World’s Largest Single Rooftop solar power plant in India

By -
Image
Solar panels installed on the roof with a capacity of 11.5 MW in Punjab state in India India’s solar mission which has kept at a target of 175 GW and the government is trying to keep its word to generate power from all kinds of Renewable Energy Resources. As it is focused on Solar, Wind and Biomass power generation technologies. We all know that a roof is the zero cost of land and uses the space for solar panel installation. There is no requirement of a special setup is installing the solar roof. Depending upon the roof size and shading and direction of the sunlight is considered for setting up the solar panels. But, most of them have small or medium roofs that can generate in kiloWatts (kW) or Megawatt (MW) scale. In Amritsar, there is an installation od 11.5 MW capacity of a solar power plant which is completely covered with solar roof which will benefit 8000 households was built by Radha Saomi Satsang Beas (RSSB), a religious organization in Punjab. Badal along with New and Re...
Read more

Recycle Marts development in urban and rural areas

By -
Image
In most of the western countries and developing countries are launching the new concept called the “ Recycling Malls ” in major cities and towns across their countries. The main objective of the recycle mart is to sell the used products (ex: used plastic, glass, paper, etc.). This is an innovative way of making things and helping in reducing environmental pollution in the surroundings across the globe.   There are different kinds of pollutions that are generated effecting Air, Water, Land, Food, Sea, Ocean pollutions. It is damaging the EARTH gradually and impacting directly and indirectly that are highly toxic and increase the scope of new harmful viruses etc.   Issue: Wastes are different types that are generated in the world which is mostly produced by man. Anything that is produced excess and unable to control is added into pollutant list. The recycling plants are getting adopted across the globe with different techniques, methodologies and Strategic ways in c...
Read more

Solar Cell efficiency with new polymer devices

By -
Image
India is witnessing a new chapter in the growth of the renewable sector, mainly in the solar sector. Hence, any new breakthrough in the field of solar cells and solar power generation is beneficial for India. New technology is being developed in the University of Chicago within the confines of its chemistry laboratory by Professor “Luping Yu”. A new kind of solar panel was designed and manufactured which has a higher efficiency when compared with the currently running modules used for power generation. The given polymer solar cell consists of a new polymer, called "PID2". The new polymer improves the efficiency of electrical power generation by 15 per cent when added to a standard polymer-fullerene mixture. New light has been shed on solar power generation using devices made with polymers. Researchers identified a new polymer a type of large molecule that forms plastics and other familiar materials which improved the efficiency of solar cells. The group also determined th...
Read more

Honda can be the Indian EV Market giant comparing to OEMs

By -
Image
Honda is one of the popular brands in the Indian automobile industry. with the Activa petrol scooter with multiple versions, the company is come up with an electric version which Indian consumers are awaiting for the same. Apart from their plans to launch the electric vehicle in the Indian market, some of the key points are strong enough for Honda can capture a great EV market share in the country. Kinetic Honda is the predecessor for Honda Activa which was a big hit in 90s.  Year wise Activa Models released by Honda:  2001,  2002,  2007,  2008,  2009,  2018,  2019,  2020,  2021 Some of the key advantages for Honda can be a great EV market giant compared with startups and OEMs due to the following: Charging facilities in service stations: As Honda has 334+ service stations [1] across various states in India, the majority of them are bigger compared to other two-wheeler service stations. So a large charging infrastructure network and fa...
Read more

Achieving 175 GW RE Target by INDIA With Extended 450 GW BY 2030 Ambitious Target

By -
Image
The Indian government has kept a target of 175 GW installed capacity using different renewable energy technologies in the country. Currently, the total installed capacity of the country is 367.3 GW of which thermal is 230.72 GW , Nuclear is 6.78 GW , Hydro is 45.4 GW and RE is 84.4 GW as on 31.12.2019. For the month of December 2019 the electricity generated in different power segments is 86.1 BU in thermal, 3.6 BU in Nuclear, 8.9 BU in Hydro and 9.3 BU in RE [1] . Currently, the total renewable installed capacity is 57.472 GW ( 12.5 GW of solar i.e., 21.8% and 32.3 GW of wind i.e., 56.2% ).  Depending upon the current installation frequency, we can forecast whether we can reach the target by 2022 or 2030 . MNRE is exploring with new innovative approach for increasing the capacity of renewable energy in the country and promoting them for the same. [2] Benefits with 175 GW RE target   Reduces the carbon footprints in the country and promotes renewable energy tech...
Read more