Innovation and Technology: Channel and Pricing Strategy

The UK government had made concerted efforts over the years in developing a definite course of action for the Renewable energy industry in the UK in light of changing conditions of the industry. This was done in order to guide and determine the conditions of engagement while proposing future directions and decisions. The intentions of these high level overall plans were to provide clear goals for the relevant stakeholders including, regulators, generators, suppliers and consumers.

Conference Focus: Implement a new policy within five years to move into renewable energy, with a focus on solar power, while decreasing the use of fossil fuels. This policy will examine the barriers to implement new renewable energy technologies that will decrease the carbon dioxide emissions and identify ways to overcome these barriers through incentives, tax breaks, and attitudinal changes.

Global climate change has fundamentally transformed the way civilization views the energy of the future. As evidence of the drastic consequences of nonrenewable energy has become more widely accepted, society has embarked on developing innovative solutions to the energy crisis. In areas that experience prolonged periods of sunlight, solar panels have become a sustainable and cost-effective form of renewable energy. The Mojave Desert, located in California and Nevada, has proven to be one of the most promising areas for solar development (The Nature Conservancy). Fortunately, BrightSource Energy has invested $2.2 billion in the construction of a solar farm in the Mojave Desert region (Cart, 2012). The development of solar projects creates a

The solar energy industry creates jobs. The Central Valley is a major hub of agriculture in the United States. The produce in the valley varies from vegetables, fruits, wine, dairy products and fruit juices. To sustain Agribusiness in the region, businessmen and farmers needed to cut the cost of running their farms and ranch. The ability to cut the energy bills has helped many businesses to remain profitable and sustain the livelihood of many families. The increase in Solar Energy in the valley started to grow exponentially in the last decade. The Fresno Bee article, “Valley Solar Firms Shine …,” by Sandford Nax talks about the acceleration of solar company expansion and job creation. Sanford presents the different reasons for the solar

In this final assignment for Environmental Policy, Regulation, and Law, I will discuss the Energy Policy Act. This discussion will be geared toward the current usage of renewable energy with reference to the incentives created in the Energy Policy Act. The introduction into this topic will include a brief synopsis of the act’s history. Following the history of the Energy Policy Act, there will be a discussion and argument for the act and its present incentives for the use of renewable energy sources. In conclusion, the expected future of the Energy Policy Act and the closing argument for its regulation will be covered.

Specific Speech Goal: Show the importance on why we should change our ways and convert to renewable energy.

In contrast, some believe that renewable energy is a key factor involved in helping the economy to grow. Many jobs are created in the manufacturing and running of renewable energy plants. The renewable energy and energy efficiency technologies created 8.5 million new jobs and $970 billion in revenue in the year 2006 (Langwith, “Renewable Energy is Economically”). The American Solar Energy Society says by 2030 it could generate up to $4.5 trillion in revenue for the U.S and create 40 million new jobs. This would represent one in every four jobs (Langwith, “Renewable Energy is Economically”). This shows how vital it is to get renewable energy companies in the U.S. It is important to build a stable economy again and do it all while helping the environment.

In sum, according to the EU experiences and the attitudes of the consumers, the definition of the market should not be confined to a renewable energy market, instead, a broader wholesale electricity market should be the appropriate benchmark. If the renewable energy market is adopted to measure subsidies,

Martin Roscheisen, CEO of Nanosolar must decide on the market they are going to focus, whether it’s Europe which has feed-in tariff plans with long term commitment (20 yrs) or jump-start into the nascent but high potential US market. The other problem plaguing him is the pricing and sales strategy to be employed. A low-pricing strategy is imperative for the US market as there are many players in it, as for Europe having a reliable pricing schedule- it’s all about pricing vis-a-vis its major competitor First Solar.

Recently, the price of unrenewable energy resource such as oil, coral and natural gas is increasing by time because of rare and more and more usage for individual and industries. Solar panels which use energy from Sun are considered as renewable energy through the form of solar radiation, UV. Solar technologies are broadly characterized as either passive solar or active solar depending on the way they

In addition, solar energy operational costs are manageable. It is free from monthly charges compared to conventional sources of energy. Solar energy does not require raw materials such as oil and coal, and once the panels are built, there will be no monthly charges. In addition, the prices of fossil fuels are increasing day by day, and this means conventional energy will be very expensive. Solar energy will remain the most capable world’s future power supply because, it is cost effective once the plants are built, and there will be no transport costs like for conventional energy sources. Therefore, solar energy is cost-effective, and will help in future energy supply, as the maintenance cost is affordable, as long as they are installed properly, and are working efficiently ( Hans, 2012). Furthermore, with the improvement and advancement of technology, it will increase its efficiency, and cost of production thus, making it more cost effective and the world’s best

Brazil is Latin America’s largest renewable energy market notwithstanding flat economic growth as its commitment to renewable energy is strong and has facilitated continuous investment in this segment sighting that nearly 76 percent comes from renewable resources. (International Trade Administration Sector Snapshot) To date, wind and hydropower have been the source of Brazil’s renewable energy expansion. As it is projected that new solar energy development over the long term will provide an encouraging investment framework and rivaling wind and hydropower with growth occurring in almost every energy subsector.

Energy is a critical component for every economy and society around the world. Energy is divided into two groups, nonrenewable (coal, oil, natural gas, and nuclear) with a finite amount found around the globe and renewable (hydro, tidal, solar, wind, geothermal, and biomass) that are constantly being replenished so that they will never run out (Green Energy Choice, 2011). The international economic impact of renewable energy is explored by examining subsidies, strategic policies, and comparative advantage of renewable energy.

This chapter will examine the available literature on policies used to encourage the growth of renewable energy sources and technologies. A wide variety of policies have been introduced around the world with differing levels of success. This chapter will look at some of them and discuss whether Scotland should adopt, intensify or even abandon each one.

Moreover, many economic-stimulus bills have been introduced globally with mechanisms supporting investments in Renewable Energy Projects. “By early 2009, policy targets existed in at least 73 countries from which at least 64 had policies to promote renewable power generation, including 45 countries and 18 states/provinces/territories with feed-in tariffs” (REN21, 2009, p. 8). Accordingly, related R&D has been intense and diverse, ranging from the exploration of innovative renewable sources to new types of conversion technologies. Such advances have been accelerating the diffusion of renewable energy systems, reducing costs, and enabling new application scenarios; thus promoting a fast-pacing expansion cycle of the sector.