Friday, March 23, 2018

Clean Energy Advancing in the Private Sector

The economic principle I’m exploring is
Because of scarcity, people choose.
All choices have an opportunity cost. "
The past year has seen several major announcements in public and private clean energy investment, including the launch of Mission Innovation and the Breakthrough Energy Coalition at COP 21 in Paris. | Energy Department photo by Matt Dozier.




My research question to help me study the economic principle is “What can private and public sectors do to enrich alternative energy?”https://www.energy.gov/articles/advancing-private-sector-investment-clean-energy


The article/video/etc published in U.S. Department of Energy  titled “Advancing Private Sector Investment in Clean Energy
demonstrates this economic principle because it shows
that the private and public sector is improving in its implementation of alternative energy.


First,  many major contributions to alternative energy were announced at the United Nations Climate Change Conference.
Then, the Obama administration launched the Clean Energy Investment initiative which sent
2 billion dollars to private sectors in order to fund alternative energy.
In 2015, the funds reached two billion dollars. At the same time, the U.S. Department of Energy
created a Clean Energy Investment Center for strategic financial planning in developing alternative energy.  
The investment led to innovative momentum which spread innovations
that continued to be worked on for years. Many of these innovations involve new technology and new companies.


Second,  Bill Gates created an organization named the Breakthrough Energy Coalition
which brought millions of dollars from investors around the world in order to progress alternative energy.
 All of the money will be contributed to companies that are early in development in regards to creating
solutions for climate change and improving alternative energy.
Also, twenty countries that make up eighty percent of global clean
energy research spending decided to double their spending on clean energy research.
Perhaps, these investments will lead to a boost in an economy due to
more employment in developing green energy.  
These countries have some of the greatest resources available
in order to relieve the ongoing energy crisis.


Third, the Clean Energy Investment Center which was created by the
UN climate change conference decided to make information more public about alternative energy.  
The Clean Energy Investment Center cooperates between private companies
and the Depart of Energy in order to provide more unity and education on alternative energy production.  
Communication is key in providing the best solutions in regards to boosting alternative energy and the economy as well.
The Clean Energy Investment Center improves upon its communication
skills via sending out “Request For Information” surveys on ways it can improve its skills in regards
to educating the people on alternative energy funding and production.


In my next blog post I will research:  


I may research what is the government doing with youth in order to promote alternative energy?

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