Saving our planets bio diversity: the economics of harnessing the suns energy

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Overview

Biodiversity is essentially a measurement of how many different types of animals are living on our planet and it is a very important metric for a healthy ecosystem. It is a well known fact that the average temperature is rising globally and that the habitats for many species are being altered or destroyed so that they go extinct which can cause cascade effects within ecosystems. A large contributor to the global rise in temperature is damage to the atmosphere caused by the production of energy through the burning of natural gasses. Because of this, solar energy has the potential to save millions of species from extinction. Not only does solar energy provide a huge help to the environment, but it also has the potential to come at a cheaper price to consumers.

The economic upsides to solar energy

  1. Solar fields have very low maintenance costs once they are constructed
  2. More and more cars/trucks are becoming electric which means solar energy could pay for your gas bill
  3. There are a lot of people who want to help the environment but also want to go into a technical field, this is a great industry to create jobs for them!
  4. The technology currently available for panels is only the tip of the ice burg, the efficiency will only get better as time goes on while other energy sources may not. 

Entrepreneurship as the catalyst for change 

A big part of what makes solar energy such a good solution is how efficient it is. The average electric bill in America is 13 cents per kWh and most homes use about 10.5k kWh per year. Only 2.8 acres of solar panels are required to produce 1 million kWh of electricity per year which is enough to power 95 homes. And this is all with minimal maintenance and operation costs compared to other types of power production. The main reason that this hasn’t been implemented already though is because of the cost of switching over, a lot of owners/operators of plants aren’t willing to take the risk of switching over to something they don’t know very much about which is why entrepreneurship is so important in order to implement this as a new solution to this problem.

Innovation is the future 

A company that uses the efficiency of solar energy would be able to provide electricity at a cheaper price, but more importantly it would come at a fare less cost to the environment. This not only makes something like this more attractive to the capital concerned investor but also to those concerned about our planet’s biodiversity. Not only this but the reason oil and natural gas companies can be so successful is because they are causing harm to the environment without facing any repercussions, while a solar based energy company would be safe from regulations that implement a carbon tax or something like that.

This is only one step forward towards saving the declining biodiversity on our planet. There are many other factors that contribute such as the meat industry, plastic pollutants and over fishing. I am excited to see what the world comes up with to deal with these rising issues throughout the years. But converting to solar energy is one step in the right direction! 

My sources cited 

Thanks for reading!

2 Comments

2 comments

  1. I really like how solar helps our environment and I am a believer that doing this stuff can really make an impact on our bio diversity and environment. Great job.

  2. Hi Sandor, Thank you for bringing the potential affordability of solar to conference visitors’ attention. It is a relatively easy piece of the move to renewable energy, especially when consumers can partner with their local utility to feed their solar power to the grid during the day, and be able to draw power from the grid at night or when the weather is wet. Assuming, that is, that most consumers cannot yet afford walls of batteries in their homes to store their own sun-generated power for night and inclement weather. There are actually a lot of entrepreneurs already in this field, some of whom make the entry cost of solar super low by having consumers pay for most of their installation with a portion of the money earned from generating the electricity by solar panels. Some of these entrepreneurial companies have run into financial trouble however, and even gone bankrupt. I wonder if you might want to do research to figure out why and then propose a better model?

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