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Title

Macro Project Notecards

Description

Renewable Energy & The Economy

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Subject

Economics

Level

12th Grade

Created

04/03/2013

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Term

http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6540&artno=0000156822&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=United%20States%20Energy%20Policy%20During%20the%201990s&res=Y&ren=N&gov=N&lnk=N&ic=N

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neither energy crisis (invasion of Kuwait with George H.W. Bush & rise in oil price&natural gas/collapse of CA's electricty business/electricity shortage with Clinton)had severe economic impact

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energy supply & consumption changes slowly in response to economic forces because of investments in long-lived assets on both supply & demand sides

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political energy policy have been centered around US concern on energy dependency on imported oil

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Title II of PURPA under Reagan started a real connection between energy policy & environmental policy

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1990-2000 economy became more electricity intensive as electricity consumption increased by 25%

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6540&artno=0000005864&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Alternative%20Energy&res=Y&ren=N&gov=N&lnk=N&ic=N

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declining cost of alternative energy is making is economically competative with traditional power plants

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J. Michael Davis (assistant energy secretary for conservation & renewable energy) "can contribute significantly to our economic & energy security"

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even if US government does not promote renewable energy, the US share of the energy used by the US will double over the next 40 years (department of energy)

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any action today to limit the amount of oil used is not concurrent with cheap oil economics

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"cheap oil may be too expensive for the economy" (Jeff Alson, alternative fuels expert for federal Environmental Protection Agency)

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6540&artno=0000002182&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Energy%20Policy%3A%20Options%20for%20the%201990s&res=Y&ren=N&gov=N&lnk=N&ic=N

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because of 1975 Strategic Petroleum Reserve & fall of oil prices in mid-1980's, recent oil supply issues have not had as big of an impact on US economy

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increase in oil prices could increase inflation

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10% rise in oil prices adds 1% to inflation rate (Council of Economic Advisers)

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inflation caused by high/rising oil prices slows down economy & increases unemployment

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since economy is weak, even slight rise in oil price could cause worse recession than the 1980's

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6540&artno=0000194177&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Renewable%20Energy%3A%20Energy%20of%20the%20Future&res=Y&ren=N&gov=N&lnk=N&ic=N

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fate of global economy decided by environment & development

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Germany plays key role in pioneering role in environmental politics

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great expectations to come from "renewables 2004" (Heidemarie Wieczorek-Zeul, German Minister for Economic Cooperation & Development & Jurgen Trittin, Federal Minister of the Enviroment)

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2001 World Water Conference created a plan for sustainable water usage

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"In the future, the trademarks of enduringly successful market economies worldwide will be resource and energy efficiency. Any country that does not lay the foundations for these goals today will fall back in international competition. With the eco-tax, the massive promotion of combined heat and power generation, the fuel cell, and the agreements on climate protection, we have initiated a development with which we can secure long-term energy efficiency." (Gerhard Schroder, Federal Chancellor)

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6540&artno=0000101158&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Bringing%20Power%20to%20the%20People&res=Y&ren=N&gov=N&lnk=N&ic=N

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economic & environmental cost of traditional fuel methods is high

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recent renewable energy trends have already impacted patterns of energy use, the economy, & the environment

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we need a comparative technical, economic, political, & commercial test for the impact of renewable energy across the globe (US National Renewable Energy Laboratory)

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little information on long-term performance, economic costs/benefits, social consequences, & effectiveness of subsidies for renewable energy

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particular lack of information on relationship between renewable energy & economic/social contexts

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6540&artno=0000014009&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Mitigating%20Climate%20Change%3A%20The%20Case%20for%20Energy%20Taxes&res=Y&ren=N&gov=N&lnk=N&ic=N

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growing awareness of how energy impacts health costs on society has increased interest in renewable energy

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energy taxes are considered as integral elements to climate change control

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"...stabilization of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system. Such a level should be achieved within a time-frame sufficient to allow ecosystems to adapt naturally to climate change, to ensure that food production is not threatened, and to enable economic development to proceed in a sustainable manner."(UN Framework Convention on Climate Change

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economy needs to be redirected towards zero-carbon infrastructure & energy technology

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economists propose taxes as the most efficient way to cut carbon usage

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6540&artno=0000115654&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Prior%20to%20Earth%20Day%2E%2E%2EA%20Closer%20Look%20at%20Renewable%20Energy&res=Y&ren=N&gov=N&lnk=N&ic=N

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although environmentalists promote renewable energy, it is more important to look at economic realities

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past 20 years, economic realities have shown that renewable energies are irrelevant despite environmental concerns

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move from fossil fuels to renewable energy is like move from typewriter to word processor: good in the long run (EarthDay 2000)

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despite the "economic realities" of renewable energy, its popularity continues to rise

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appeal of renewable energy comes from it being abundant, natural, better, & free (do not necessarily concern economics)

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6540&artno=0000280707&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=The%20Seven%20Myths%20of%20Energy%20Independence&res=Y&ren=N&gov=N&lnk=N&ic=N

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60% of our oil is imported & that renders us exposed to foreign politics: "the umbilical cord and lifeline of the crusader community" (bin Laden)

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to build energy economy we want, we will have to lean on energy economy already in place

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vote for renewable energy is a vote for energy independence, not energy security

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without energy security, we don't have an economy: renewable energy gives us independence, not security

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oil dominates energy economy because it has great combination of energy density & ease of transportation

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6540&artno=0000210610&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Fuel%20for%20Thought%3A%20Energy%20Part%20I&res=Y&ren=N&gov=N&lnk=N&ic=N

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having energy resources allows a nation to rise in development, geopolitical power, & economy

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if the US had vast oil reserves, it would have no need to look for renewable energy (main importance is to have energy resources)

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tensions arise between economic growth, economic security, & environmental protection

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US Department of Energy is researching cleaner uses of coal

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"a sponsoring state must secure the cooperation of private firms to promote the transfer of technologies to areas where they are lacking" (Peter Evans, Economics Professor at MIT)

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6540&artno=0000137927&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Do%20We%20Need%20Nuclear%20Power?&res=Y&ren=N&gov=N&lnk=N&ic=N

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"we should first explore the possibilities of renewables and other forms of energy" before looking into nuclear energy (Dennis Anderson, economist)

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if a country is to achieve prosperity, its energy needs must be met along with the growing population/economy

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fast reactors are not used because they are difficult to build, but they will become more economic as uranium becomes more expensive

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it is sometimes hard to make case for renewable energy because fossil fuels are sufficient to meet the world's economic needs

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countries that take advantage of renewable energy/hybrid vehicles find themselves better off economically & having less pollution

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000009731&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Rio%20to%20REIA&res=Y&ren=N&gov=N&lnk=N&ic=N

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energy policy needs to take into consideration economic development, social equity, & environmental stewardship

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000009731&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Rio%20to%20REIA&res=Y&ren=N&gov=N&lnk=N&ic=N

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every nation requires either access to energy sources or reliable sustainable energy sources to enhance economic prosperity, citizen life, and trade

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000009731&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Rio%20to%20REIA&res=Y&ren=N&gov=N&lnk=N&ic=N

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energy consumption in developing world to triple in next 30 years due to socio-economic development & population growth

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000009731&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Rio%20to%20REIA&res=Y&ren=N&gov=N&lnk=N&ic=N

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developing countries projected to rise from 23% of world's energy consumption (1990) to 40% (2020); will require industrial countries to come up with new ways to get energy

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000207973&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Catching%20the%20Wind&res=Y&ren=N&gov=N&lnk=N&ic=N

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economics of wind are looking increasingly good

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can aid economy: ex) in Denmark provides 20,000 jobs

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controversy over wind is how it affects landscape; could affect touristy large farmland areas

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"widely known...that wind farms are undesirable neighbors" (Chresten Andersen, economic expert)

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000003837&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Positive%20Energy&res=Y&ren=N&gov=N&lnk=N&ic=N

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turmoil of war has caused American public to scrutinize laws that enable fossil fuels/nuclear power to have energy prominence

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000003837&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Positive%20Energy&res=Y&ren=N&gov=N&lnk=N&ic=N

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alternative energy require time & financial support at the federal level to fully investigate the best economic & environmental option

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000003837&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Positive%20Energy&res=Y&ren=N&gov=N&lnk=N&ic=N

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politicians/business leaders who promote fossil fuel industries do not take into account environmental concern or long-run economy

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000003837&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Positive%20Energy&res=Y&ren=N&gov=N&lnk=N&ic=N

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US must do more than it is currently doing if it wants to make true steps towards renewable energy (needs to be a leap, not a step)

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000165270&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=The%20Hydrogen%20Economy&res=Y&ren=N&gov=N&lnk=N&ic=N

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fear over energy comes from need to control oil because our economy cannot exist without it

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fear from US & EU that Al Qaeda will attack the economies by controlling oil

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if something were to go wrong with the electric grid, the economic infrastructure could totally unravel

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both cyber & physical attacks could ruin oil lines & if we are still dependent on them it could ruin the economy

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000310532&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Globalizing%20the%20Energy%20Revolution&res=Y&ren=N&gov=N&lnk=N&ic=N

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despite being very important to global economy, oil is produced in places that have worst commercial, environmental, & geopolitical risks-->greenhouse gasses are always increasing in atmosphere-->world will face catastrophic climate change

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US is losing clean-energy race to Chinese economy

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countries pursue ways to prevent foreigners from working with clean-energy policies to help economies; not thinking of helping planet overall

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major emerging economies of China, Brazil, & India are putting investment into clean energy

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000012237&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Revisiting%20the%20Energy%20Crisis%3A%20How%20Far%20Have%20We%20Come?&res=Y&ren=N&gov=N&lnk=N&ic=N

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ability of OPEC to drive up gasoline prices could severely diminish US economy

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Arab oil embargo of 1973-1974 brought about argument of place of government to ensure stable, economic, & environmental energy supply

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a similar embargo to the 1970's one could overwhelm the US economy

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motor vehicles changing over to new, greener technology is one way to combat oil issues

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http://sks.sirs.com/cgi-bin/hst-article-display?id=SPL2265H-0-6841&artno=0000003844&type=ART&shfilter=U&key=renewable%20energy%20and%20economy&title=Here%20Comes%20the%20Sun&res=Y&ren=N&gov=N&lnk=N&ic=N

Definition

renewable energy requires no oil, is immune to political events in Middle East, produces very little air pollution, generates no nuclear waste, & is economical

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