Synthesis Post Alternative Energy

                   Synthesis Alternative Energy

I researched two main economic principles which are people generally respond to incentives in predictable ways and because of scarcity, people choose and all choices come with opportunity costs.In my first and second article, I did research on incentives that are made to attract buyers to renewable energy(Article #1 & Article #2). Government provides much funding in order for companies to switch to renewable energy dependency. Since renewable energy is very expensive to install, the government intervenes and provides monetary awards to those who desire to make use green energy.

   In my third article, I researched the United Nations decided to globally fund alternative energy development all around. In addition, Bill Gates is funding billions of dollars to spread clean energy awareness and research to develop more alternative energy. Private and public sectors are cooperating globally in order to further provide alternative energy around the world (Article #3).  In my fourth article, I researched many reasons why fossil fuels are still more common than alternative energy.  One of the main reasons were that fossil fuels have the capacity of large amounts of energy to be stored in small containers in comparison to alternative energy. In addition, the price of converting to green energy is still expensive, and most people do not want to make the change.