Renewable Fuels For Alternative Energy
The utility companies in all 50 states should be required to invest in alternative energy research and development while also being required to buy back, at fair rates, excess energy produced by homeowners through their use of alternative energy power sources. Strong financial incentives need to be in place for new companies to invest in developing renewable energies. This would not only make the US energy independent at the fastest possible rate, but it would stimulate the growth of the economy and provide tens of thousands of new, good-paying jobs for people. It can be argued that federal, state, and local governments should work in conjunction on the issue of alternative energy research and development and implement mandatory programs for new home construction and all home remodeling that stipulate the installation of alternative energy power sources—eventually over a certain period of years transforming into 100% installation of alternative energy sources for any new home or corporate building—as well as backing a similar program to have all new vehicles produced in the nation be hybrid vehicles or hydrogen fuel cell powered vehicles by the year 2020. All levels of government could also impose mandatory compliance laws on construction and utilities companies.
This economic incentive has catapulted Germany into the number-one position among all nations with regards to the number of operational solar arrays, biogas plants, and wind turbines. The Germans have really taken off when it comes to renewable fuel sources, and have become one of the major players in the alternative energy game. The 50-terawatt hours of electricity produced by these renewable energy sources account for 10% of all of Germany's energy production per year. Germany's "feed laws" permit the German homeowners to connect to an electrical grid through some source of renewable energy and then sell back to the power company any excess energy produced at retail prices. In 2006 alone, Germany installed 100,000 solar energy collection systems. Under the aegis of the nation's electricity feed laws, the German people set a world record in 2006 by investing over $10 billion (US) in research, development, and implementation of wind turbines, biogas power plants, and solar collection cells.
The President's 2007 Federal Budget includes $150 million (a $59 million increase over the Federal Budget for 2006) to help with the development of biofuels derived from agricultural waste products such as wood chips, corn stalks, and switch grass. According to the President, in order to achieve greater use of "homegrown", renewable fuels in the United States, advanced technologies need to be researched and developed so as to be able to make ethanol from plant fibers' biomass, which at the present time is merely discarded as waste material. Researchers tell us that furthering the cause of research into cellulose-based ethanol could make the technology cost-competitive by 2012, while potentially displacing up to 30% of the nation's current fuel consumption. The US government is unquestionably involved in promoting the idea of new jobs as being readily available in the alternative energy sector.
The University is in partnership with BP, and it will be responsible for research and development of new biofuel crops, biofuel-delivering agricultural systems, and machines to produce renewable fuels in liquid form for automobile consumption. Over in the US, the BP corporation has established an Energy Biosciences Institute (EBI) to spearhead extensive new research and development efforts into clean burning renewable energy sources, most prominently biofuels for ground vehicles. This EBI will be physically located at the University of Illinois Urbana-Champaign. The University will especially spearhead efforts in the field of genetic engineering with regard to creating the more advanced biofuel crops. The EBI will additionally have as a major focal point technological innovations for converting heavy hydrocarbons into pollution-free and highly efficient fuels. BP's investment comes to $50 million (US) per year over the course of the next decade.
Waste gas energies, which are essentially methane, reverse the usual energy-pollution relationship by creating energy from waste that lies in the dumps and from some air pollutants. This gas is used in fuel cells and can be used in standard gasoline generators.
A "plug-in" hybrid runs on either gasoline or electricity, depending upon an on-board computer calculation. The President's plan would additionally drive on next-generation research and development of battery technology for hybrid vehicles in addition to "plug-in hybrid" vehicles. Driving in a city setting consumes almost no gasoline over as much as a week's time with these vehicles.
The business of alternative energy is rapidly growing due to the fact that many governments are now supporting it. Investors have become excited about putting their financial backing into the alternative energy industry because they can see that it's the wave of the future, out of both need and the fact of government support. As investors become more interested, there is more money available for companies to start up or expand, and that leads (of course) to more job opportunities. Rising oil prices make alternative energies' tantalization rise in the minds of investors.
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