209 online
 
Most Popular Choices
Share on Facebook 47 Printer Friendly Page More Sharing
Exclusive to OpEd News:
OpEdNews Op Eds   

Our war for energy independence and economic sustainability

By       (Page 1 of 1 pages)   11 comments

YJ Draiman
Message YJ Draiman

Our war for energy independence and economic sustainability
The US government and other governments are not serious about energy efficiency and renewable energy development and implementation - they are too busy playing politics and capitulating to the Oil Companies.
It is time to get series to avert an economic catastrophe. I hope it is not too late.

The world needs to invest $50 trillion in energy in coming decades, building some 1,400 nuclear power plants and vastly expanding wind power, solar power, geothermal energy in order to halve greenhouse gas emissions by 2050, according to an energy study released.

The report by the Paris-based International Energy Agency envisions an "energy revolution" that would greatly reduce the world's dependence on fossil fuels while maintaining steady economic growth.

"Meeting this target of 50 percent cut in emissions and replacing fossil fuel represents a formidable challenge, and we would require immediate policy action and technological transition on an unprecedented scale," IEA Executive Director Nobuo Tanaka said.

The scenario for deeper cuts would require massive investment in energy technology development and deployment, a wide-ranging campaign to dramatically increase energy efficiency, and a wholesale shift to renewable sources of energy.

Assuming an average 3.4 percent global economic growth over the 2010-2050 period, governments and the private sector would have to make additional investments of $50 trillion in energy, or 1.2 percent of the world's gross domestic product, the report said.

That would be an investment more than three times the current size of the entire U.S. economy.
In addition, the world would have to construct 38 new nuclear power plants each year, and wind-power turbines would have to be increased by 18,000 units annually, solar energy output would have to be increased 20 fold every year.

Let us not forget as we are increasing the use of renewable energy and energy efficiency - the world population is increasing - the demand for energy by advancement in technology worldwide is also increasing. We have to take these factors into account.

Oil is going to hit at least $200 per barrel, gasoline at the pump will hit $6 or more per gallon, in some countries it is already $10 per gallon.

Most of the money would be in the commercialization of energy technologies developed by governments and the private sector.

"If industry is convinced there will be policy for serious, actions for accelerated development of renewable energy and efficiency, then these investments will be made by the private sector."
People are hurting financially and economically, this must end, we should strive for a thriving economy with new technology for renewable energy and efficiency.

We have the technology and know-how. Let us stop playing politics. Unite our people and our nation in a common goal to avert an economic disaster and maintain our quality of life for generations to come.
Let us serve as an example to the rest of the world.


Well Said 1   Inspiring 1  
Rate It | View Ratings

YJ Draiman Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Over 20 years experience. Specializing in: Energy Audit, Telecom audit, Utility bills audit and review for refunds or better rates, Demand Management, Energy Efficiency review and implementation, Renewable Energy, Lighting Retrofit, Solar Energy, (more...)
 
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

 
Contact EditorContact Editor
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Little girl and her father were crossing a bridge.

Homeowner's Guide to Energy Audits

Unauthorized Charges on Your Local Phone - Utility Bill?

Our war for energy independence and economic sustainability

Life embodies friendship, compassion, happiness, sorrow, love and pleasure

Considering a Utility, Energy Audit: A Contractor's View

To View Comments or Join the Conversation:

Tell A Friend