TopicEnergy Sources - Energy Efficiency

  • Sat 1st Jun 2019 - 12:52pm

    One wonders, then, just how much the reduction in emissions per dollar spent on alternative energy comes The NOMAD Power System Reviewdown to, and how this compares to, say, the possible carbon reduction per dollar spent in a massive global tree planting program. A program like this could result not only in the creation of continuous long-term carbon sinks but could also have environmental benefits, such as topsoil retention, flood prevention, and biodiversity enhancement. This, on top of any yield in forestry products, seems like a better option to throwing out copious amounts of money in the direction of alternative energy in the hope that some of it pays off. Another option is also carbon capture technology. While there is work on capturing carbon dioxide from the air and from point sources, the field is the focus of much less attention and investment.

    Likewise, oil exploration, extraction, and refinement technologies, as well as engine technology, are all areas with room for improvement but which promise surer returns than alternative energy. For example, most oil wells are capped with as much as 50% or more of their oil still in the ground since extracting it is economically unfeasible with current technology. If technological advances could make these reserves accessible, they could provide for our energy needs for the foreseeable future.

    Of course there should be investment in alternative energy technologies, but such investment should be done carefully and selectively. We should keep in mind that when choosing investments, each dollar spent on alternative energy is a dollar that isn't spent on improving current proven energy technologies and environmental work. Given the difference in efficiency between research conducted in the private versus public sectors, it might even be better for private enterprise to take the lead in alternative energy for more efficient resource allocation.

    The President, in attempt to "go green", is stressing the importance of getting away from the traditional fossil fuels and is pushing Americans to invest in renewable energy sources such as solar power, fuel cells, hydroelectric, and wind power. The government, through the award of contracts, loan guarantees, grants, tax credits, and rebates has created an artificially inflated market for companies seeking entry and sustainability in the alternative energy market.

  • Fri 23rd Aug 2019 - 8:51pm

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  • Tue 10th Sep 2019 - 10:48pm

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