GEOU5022 : Global Energy Outlook
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Global Energy for Terms of Technology Advancements (GEOU5022)
Added on 2020-04-13
GEOU5022 : Global Energy Outlook
Global Energy for Terms of Technology Advancements (GEOU5022)
Added on 2020-04-13
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Running head: GLOBAL ENERGY OUTLOOKGlobal Energy OutlookName of the Student:Name of the University:Author’s Note:
1GLOBAL ENERGY OUTLOOKThis essay introduces the discussion and evaluation of the renewable energy and climatechange policies in the US under the administration of President Trump along with comparing thedifferences from the policies promoted during Obama’s administration The use of renewable energy sources has become inevitable in order to combat theincreasing scarcity of fossil fuels as well as implementing a sustainable approach for living onEarth. Considering the adverse environmental impact, the countries have started developingrenewable energy policies individually and as a part of global organizational networks such asOECD, IEA, and EPA (Kheshgi, de Coninck and Kessels 2012). The use of fossil fuels hasadversely affected the environment due to the emission of increased greenhouse gases. Ascommented by Twidell and Weir (2015), renewable energy is defined as the source of energythat can be rapidly replaced by natural resources such as sun or wind. The naturally occurringenergy resources can help in refilling the energy consumption globally. Due to increasedurbanization and modernization, the use of fossil fuels has increased drastically in the developedcountries. This has led to increased environmental pollution along with giving rise to increasedfossil fuel scarcity. In 2012, the world used around 13.2% of the renewable energy that hasincreased to 22% in 2013. Reports suggest that in 2016, renewable energy sources accounted forabout 10% of total US energy consumption and 15% of electricity generation (Aslani and Wong2014). As commented by Aghaei and Alizadeh (2013), renewable sources of energy are safe,abundant, cleaner than fossil fuel, stable and generate no environmental pollution. However, asargued by Lu et al. (2015), generation of renewable energy is largely dependent on weatherthereby, questioning its generation. The government of the countries emphasizes on protecting the environment by restrictingthe use of fossil fuels. The climate policies of various countries provide guideline and framework
2GLOBAL ENERGY OUTLOOKfor restricting the use of fossil fuels and promote the use of renewable energy resources. Theglobal organizational networks such as Organization for Economic Co-Operation andDevelopment (OECD), International Energy Agency (IEA) and the US Environmental ProtectionAgency (EPA) influences the climate change policies for the betterment of the environment andsave the non-renewable sources of energy for future (Sil, Kumar and Kumar 2014). Organization for Economic Co-operation and Development is a group of 34 countries thataims towards discussing the development of the social and economic policy of the countries. TheOCED countries are democratic countries that support free market economies. OECD aimtowards achieving sustainable economic growth and employment along with enhancing theliving standard of the countries. The organization also aims towards sound economic expansionalong with the successful expansion of the world trade (Saboori, Sapri and bin Baba 2014).International Energy Agency (IEA) is an autonomous intergovernmental organization in Paristhat follows the OCED framework. The organization was initially established with the aim ofsupplying oil without any disruption and serving as an energy resource regarding theinternational oil market. The organization acts as a policy advisor and works with countries thatare not members of the OCED. IEA emphasizes in promoting alternative energy sources such asrenewable energy. The members of the IEA countries need to maintain a standard level of oilstocks for 90 days of the previous year's net import (Malone et al. 2012). The United StatesEnvironmental Protection Agency (EPA) is a federal government agency of the US that wasformed with the aim of protecting the environment and the human health by strict enforcement ofthe laws. EPA has environmental protection measures for air, water, land, endangered species,and hazardous waste (Cai, Stevens and Syage 2012).
3GLOBAL ENERGY OUTLOOKTherefore, OCED, IEA, and EPA aim towards implementing a sustainable approach tothe environment by reducing adverse environmental impact. From 2002-2008, the federal government paid a large amount of subsidy for fossil fuelsto renewable energy in six years. Former President Barack Obama initiated the Clean Power Planthat set attainable standards for decreasing the emission rate of greenhouse gases. According tothe Clean Action Plan initiated by Obama, in 25 years from 2005-2030, the emission of carbondioxide should be reduced by 32%. Obama developed the action plan with criteria that aimedtowards protecting the health of the American family. The Obama administration also aimedtowards saving the life of the American population thereby, proposing to enhance the economyof the country (Smith et al. 2013). Within a gap of 132 years, the world temperature has risen by1.5 degrees Fahrenheit (Brown 2012). Therefore, the scientists have recommended thatcontrolling the rise of world temperature will help in preventing the most adverse environmentalimpact. Stronger fuel economy was established under Obama administration that helped inincreasing the efficiency value by 2025. The production of solar energy was increased 20 timesdue to the increase in the clean energy initiative by Obama administration. Due to the initiative,the generation of renewable energy also increased by three times. Under the Clean Power Planinitiative by the Obama administration, 12% reduction in the emission of greenhouse gases wasnoticed in 20 years. By 2030, 30% more production of renewable energy is suggested under theClean Power Plan (Wustenhagen and Menichetti 2012). Additionally, the Obama administrationalso launched Solar Ready Veta program that aimed towards training to the veterans for makinga successful entry into the solar workforce. This resulted in successful employment to more than75,000 people thereby, supporting healthy lifestyle and job for the American citizens. Under theObama administration, around 50 clean utility-scale projects were established in the tribal and
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