Potentials of Solar Energy: Reducing Oil Dependency and Environment

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This essay examines the potential of solar energy as an alternative energy resource to improve environmental conditions and reduce oil dependency in the United States. It highlights the environmental impacts of fossil fuels and the economic benefits of transitioning to renewable energy sources like solar power. The essay discusses the cost-effectiveness of solar energy, government incentives, and the decline in oil consumption in the US. It also addresses the challenges and opportunities associated with the increasing adoption of solar energy, including the potential disruption of traditional energy sectors. The conclusion emphasizes the need for continued efforts to reduce the costs of renewable energy and promote the development of solar power resources to achieve environmental sustainability and energy independence.
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Introduction
In recent times, most of the energy necessities are met by the burning of fossil fuels.
However the utilization of fossil fuels has been creating pollution in the environment leading to
the devastating impacts on the environmental as well as the eco-system (Kahia et al.). The
amount of fossil fuel reserves whose accessibilities are limited on the plant, thus making the
governments and environmental administrative to efficiently progress towards renewable energy
resources. Current data reveal that an approximate rate of over 55% of the oil is being consumed
in the US which has been imported from other nations in the Gulf (Folk). Thus it is essential for
any nation to reduce its level of dependency on oil in order to save a substantial amount of
economy and promote environmental sustainability. The aim of the paper is to evaluate the
potentials and benefits of alternative energy resource like the solar energy to enhance the
environmental condition of the country and reduce the level of oil dependency.
Discussion
In every hour, the amount of energy resources which reflects on the Earth exhibit a
tendency to equates to the amount utilized by the populace of the world in a single year.
Mankind has advanced in an approach to efficiently consume the vas energy of the sun by
converting its sunlight into electric power via photovoltaic along with other solar energy
methods (Omri et al.). The fossil fuels in the form of plants below the Earth have the propensity
to significantly transform into oil over the time and are further drilled by utilizing polluting
machinery. Kahia et al. claim that although manufacturing solar energy panels consume fossil
fuels, the overall revenue is greater in comparison to the consumption of fossil fuels. Jebli et al.
state that such beneficiary factors emerge because of the less consumption of solar power and all
other powering can be done by significantly capturing the energy resources of the Sun. Solar
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energy are highly cost-effective and over a period of time it can pay for themselves.
Though the cost of solar power installation is of high expense, the US administration has
been proficiently working to offer financial inducement in the form of discounts on purchases as
well as tax deductions and tax credits. These financial aids will resourcefully work on the
decrease of fossil fuels and oil dependency, further resulting to the elevation of solar power
consumption (Jebli et al.). Thus, US’s reliance on oil producing Gulf regions will decrease at a
significant rate, thereby saving the amount of expenditure in millions of dollar. Solar power thus
has been considered as one of the most prominent and effective solutions for environmental
sustainability by promoting lesser amount of release of greenhouse gases in the environment.
However Jebli et al. observed that America’s level of dependence on oil has significantly
witnessed a decline every year since the administration of Barack Obama. In 2010 it has been
reported that less than 50% of the oil consumption has been imported by the US which has
occurred for the first time in past 13 years. Various factors have been underpinned the reason
why US policymakers have shown utmost inclination in reducing their level of economy’s
reliance on oil. Wide ranging policymakers in the United States have noted that the production as
well as consumption of oil products has been generating greenhouse gases along with extensive
rate of local pollution (Penn). Furthermore, the extensive oil reliance has been making the US
economy susceptible to severe price shocks in the world oil market resulting to crate hindrances
to US foreign policy and regulations.
At this juncture the Kahia et al. have indicated the significant decline of electric vehicles
costs as well as solar energy panels has halted the rise of oil consumption demand by 2020.
Bloch et al. have further stated that latest cost diminution projections for the green technologies
and the ultimate allegiance of the US to alleviate emissions have resulted solar energy resources
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as vital determinant of environmental sustainability. Furthermore, polluting fuels could
essentially lose over 10% of market share to solar energy resources resulting to the cause the
disintegration of coal mining sector of the US (Jebli et al.). However Kahia et al. on the other
hand revealed that the five vital utilities of Europe have lost around €100bn between 2008 and
2013 because of their lack of preparation for a 10% increase in solar energy resources. In
addition to this, the rising rate of technologies such as printable solar photovoltaic which
generate electrical energy resources could further reduce the expenditure costs and amplify the
consumption of renewable energy resources (Omri et al.). Folk noted that the cost of solar power
has undergone a decline of over 85% in 7 years whereby it has been revealed that panels could
supply an approximate of around 25% of global energy resource generation by 2040 as well as
around 30% by the next three decades further leaving natural gas with a diminutive share of 1%.
Since 2008, the US installations have elevated almost 17% from 1.2 gigawatts (GW) to
an estimated range of over 30 GW that is considered to an adequate to power the equivalent of 6
million averages of American households. Omri et al. reveal that since 2010, the standard
expense of solar PV panels have declined over 60% as well as the cost of solar power system has
undergone a significant decline of around 50%. Thus US have considered the consumption of
solar power to be economically competitive with conventional power sources in several states of
USA namely California, Texas, Minnesota and Hawaii (Kahia et al.).
Conclusion
To conclude it can be stated that America needs to put greater degree of effort in reducing
the costs of renewable energy sources for the prospective years. Thus US must consider
extensive environmental strategies which will develop every accessible solar power resource of
the American energy. Such strategies however will incorporate emphasis on the dependence of
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offshore oil supplies along with substantial renewable energy reserves in order to augment the
level of clean energy resources like solar power to improve the environmental conditions of the
country.
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References
Bloch, Harry, Shuddhasattwa Rafiq, and Ruhul Salim. "Economic growth with coal, oil and
renewable energy consumption in China: Prospects for fuel substitution." Economic
Modelling 44 (2015): 104-115.
Folk, E " How important is energy independence in the us?. " The ecologist. 24 september
2018. 2018. < https://theecologist.org/2018/sep/10/how-important-energy-independence-us. >.
Jebli, Mehdi Ben, Slim Ben Youssef, and Ilhan Ozturk. "Testing environmental Kuznets curve
hypothesis: The role of renewable and non-renewable energy consumption and trade in OECD
countries." Ecological Indicators 60 (2016): 824-831.
Jebli, Mehdi Ben, Slim Ben Youssef, and Ilhan Ozturk. "Testing environmental Kuznets curve
hypothesis: The role of renewable and non-renewable energy consumption and trade in OECD
countries." Ecological Indicators 60 (2016): 824-831.
Kahia, Montassar, Mohamed Safouane Ben Aïssa, and Lanouar Charfeddine. "Impact of
renewable and non-renewable energy consumption on economic growth: New evidence from the
MENA Net Oil Exporting Countries (NOECs)." Energy 116 (2016): 102-115.
Kahia, Montassar, Mohamed Safouane Ben Aïssa, and Lanouar Charfeddine. "Impact of
renewable and non-renewable energy consumption on economic growth: New evidence from the
MENA Net Oil Exporting Countries (NOECs)." Energy 116 (2016): 102-115.
Omri, Anis, Nejah Ben Mabrouk, and Amel Sassi-Tmar. "Modeling the causal linkages between
nuclear energy, renewable energy and economic growth in developed and developing
countries." Renewable and Sustainable Energy Reviews 42 (2015): 1012-1022.
Penn, I " From rooftops to algae pools: orlando’s vision for carbon-free energy. " The new york
times. Web 24 september 2018. 2018. < https://www.nytimes.com/2018/08/30/business/energy-
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environment/orlando-carbon-climate.html. >.
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