Renewable Energy Microeconomics

Renewable energy is a microeconomics situation, it’s thriving for different type of business, and it’s becoming a substantial topic in the United States. Renewable energy is any energy that its source is naturally replenished, which is solar, wind, geothermal or hydroelectric action. There’s another type of source called fossil fuel which is coal, oil, or gas there are nonrenewable source. Fossil fuels provide energy at a lower cost than renewable energy, but fossil fuel is the largest source of carbon dioxide which allows radiative forcing and contributes for global warming and the fear that it can all run out. One of the most popular renewable sources is solar system which is energy that comes from the sun directly to earth. Solar panels
They don’t produce any toxic or pollution to the atmosphere, it’s a low cost and requires few replacements. The water can also be used for water activities, and it’s one of the safest types of power do to the fact that you only use water. Hydroelectric power plants can affect the migration of the fishes or the way they can react. Another dilemma is the drought because of how much hydroelectric power you are using. Another effect is that if you love by a low land are it can flood by an effect of releasing the water with too much
A plan is for most of the world to run on electricity but with wind, water and solar energy, transportation would run on hydrogen fuel cells (Louis,2016). Which goes back to the examples that I explained before about the pros and cons. Fossil fuels is atrocious for us because it causes global warming which is already affecting Antarctica and that will increase sea level. As well as air pollution which affects our air and plants. There’s oil spills that affect the ocean and the animals. Theirs efficiency here for our health and the company’s, now even though the prices are high for renewable energy the price system can change further on when the equipment becomes more