Energy and Economic Development
By Dylan Bigsby
As time continues to go on people are finding new ways to make energy more efficient and more environmentally friendly. As the energy development increase, interpreted broadly to mean increased provision and use of energy services, is an integral part of enhanced economic development. So if the energy and research of other sources of energy increases, it is more likely to increase the economy over time. Developed countries, use more energy per unit of economic output and far more energy per capita than those still in a less developed country. Energy use per unit of output does seem to decline over time in the more advanced stages of industrialization, reflecting the adoption of increasingly more efficient technologies for energy production and utilization as well as changes in the composition of economic activity.
If people are able to research new technology or new ways to find a cleaner energy source it will increase the GDP and the GDP per capita. If increased then it will show that the country is more of a developed nation and will be able to have a good economic structure. Development involves a number of other steps besides those associated with energy, notably including the evolution of education and labor markets, financial institutions to support capital investment, modernization of agriculture, and provision of infrastructure for water, sanitation, and communications.
According the the chart provided it shows how the energy will increase over time in certain states in the United States if projected in renewable energy.
According to ucusa.org, "smart complementary policies, state RES policies can help maintain the nation's momentum toward a clean and prosperous clean energy economy. To continue the rapid growth of renewable energy, UCS offers the following recommendations. Adopt strong RES policies and expand existing ones. State governments and Congress should establish RES policies that require electric utilities to procure at least 25 percent of their power from renewable energy sources by 2025. A national RES that sets a minimum level of renewable energy for all states would ensure that the entire nation contributes to clean energy transition. Invest in new transmission capacity for renewable energy. Federal, regional, and state authorities should identify transmission projects that provide the greatest economic benefits in delivering renewable electricity from where it can be most effectively generated to where it is most needed. Develop responsible and consistent siting regulations for renewable energy projects. State and local governments should coordinate their plans to develop harmonious, transparent, and science-based siting regulations for renewable energy projects."
If following those steps then we would be able to have more renewable energy that can be researched and will increase the nations GDP and per capita. Also will be able to power up more than we need to.
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