Energy and Economic Circumstances

Energy and Economic Circumstances

Energy decisions are influenced by economic circumstances. The cost of energy affects energy decision making at all economic levels. Energy costs are subject to market fluctuations, and the energy choices by individuals and societies affect these fluctuations. Costs also vary depending on the type of energy and the expense to generate it. 

Generally, people with lower incomes have less financial influence over where their energy comes from. Similarly, people with higher incomes have greater influence financially over energy choices and, by voting with their dollars, they impact the type of energy available to society as a whole.

For resources in addition to those featured below, follow these links: 

Lesson Take Away: 

The true cost of energy is more than just dollars and cents, there are important economic factors and consequences to account for as well.

The Ask: 

Choose products with the highest energy efficiency you can afford. Whenever possible, choose to purchase electricity generated with the least amount of carbon dioxide produced.

Last Updated: August 01, 2015
Plastic bottle provide light for homes in Manila
  In places where the latest technology is prohibitively expensive, people are turning to ingenious low-cost solutions to meet energy needs. Residents of Manila are able to direct light from the sun into their homes by using platic bottles destined...

How Plastic Bottles Can Lighten up the Darkness

 

In places where the latest technology is prohibitively expensive, people are turning to ingenious low-cost solutions to meet energy needs. Residents of Manila are able to direct light from the sun into their homes by using platic bottles destined for the trash.

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A look at how humans use energy, the sources of our energy, and why a growing population needs more, clean energy.  ©EARTH: The Operators Manual

Humans and Energy—Earth: The Operators’ Manual

A look at how humans use energy, the sources of our energy, and why a growing population needs more, clean energy. 

©EARTH: The Operators Manual

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Just how much energy can Sun, hydropower, biomass and geothermal offer? This video sets a target of seeing whether, in principle, renewable energy resources could meet today’s global energy needs of about 15.7 terawatts. ©EARTH: The Operators Manual

Renewables Roundup—Earth: The Operators’ Manual

Just how much energy can Sun, hydropower, biomass and geothermal offer? This video sets a target of seeing whether, in principle, renewable energy resources could meet today’s global energy needs of about 15.7 terawatts.

©EARTH: The Operators Manual

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West Texas and Houston are leading the nation in wind power, and in tapping renewable energy for city government. ©EARTH: The Operators Manual

Texas: Wind and Efficiency—Earth: The Operators’ Manual

West Texas and Houston are leading the nation in wind power, and in tapping renewable energy for city government.

©EARTH: The Operators Manual

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Energy drives the modern world and underpins every other issue. We choose our energy based on four attributes: affordable, available, reliable, and clean. But clean is complicated. All energies have environmental impacts, which need to be managed...

Energy Issues—Efficiency: Switch Energy Project

Energy drives the modern world and underpins every other issue.

We choose our energy based on four attributes: affordable, available, reliable, and clean. But clean is complicated. All energies have environmental impacts, which need to be managed effectively and affordably. 

Even so, the biggest challenge of energy is scale—the enormous amount of energy we demand. The only way to counter scale, is with efficiency.

©Switch Energy Project

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Solar is the lowest impact energy technology, and the ‘fuel’ is free. So why don’t we have solar panels on every rooftop? Price. Solar panels and concentrating solar plants are the most expensive form of power production. With the help of subsidies...

Solar: Switch Energy Project

Solar is the lowest impact energy technology, and the ‘fuel’ is free. So why don’t we have solar panels on every rooftop? Price. Solar panels and concentrating solar plants are the most expensive form of power production. With the help of subsidies and government support, the cost has gradually declined over the last 40 years. Let’s hope it continues to fall, so we can build more of it.

©Switch Energy Project 

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The U.S. electric grid has been called the largest machine in the world. It’s also one of the oldest in continuous operation. Upgrading transmission in developed countries, and building more of it elsewhere, will be expensive but necessary to reduce...

Transmission: Switch Energy Project

The U.S. electric grid has been called the largest machine in the world. It’s also one of the oldest in continuous operation. Upgrading transmission in developed countries, and building more of it elsewhere, will be expensive but necessary to reduce power loss, inefficiencies and instability, and to accommodate renewables and distributed power production—a place where governments can help.

©Switch Energy Project 

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