Making The Green Energy Industry Go Round
Author: Dale Anderson
As with any economic system, the green energy industry revolves around supply and demand, or the creation and sale of a particular product. When it comes to green energy, the product could range from wind turbines to solar generators or anything in between. What these products produce on a fundamental level, however, is far more integral to the economy as a whole.Despite the mechanism used to generate it, green energy remains the end-all, be-all product for the industry as a whole and is the key piece of the puzzle that brings everything together.
Someone unfamiliar with green energy might wonder how something almost intangible can be the working cog for an entire industry. At its simplest level, green energy can be used and applied to a number of different situations, reducing costs and providing a cleaner alternative to traditional energy sources. This in itself is a perceived value, which we directly correlate with green energy. Because we get something out of it, green energy is suddenly valuable. And, when something becomes valuable, the supply and demand chain starts.
But, as stated, green energy is the granular valued item in the entire green economy. What people are more familiar with – what creates demand on a more visible level – is the idea of products that produce the green energy. Because we can’t physically touch green energy or create it without the help of technology, we’re forced to produce items that do the work for us. Wind turbines, geothermal heat pumps, photovoltaic panels and other similar devices are really what drive the green energy industry on an economic basis. Without the demand for green energy, there wouldn’t be a demand for these items, which would also mean no need to supply.
The entire industry exists because each sequential need for an energy alternative is met with a supply. The need for energy is met with a supply of goods to create it, and that demand is met with a supply of companies and organizations that make their money fulfilling the entire supply chain. If we think of it in terms of wants and needs, it makes sense as well: people want to be greener, therefor they need green technology.
On a macroeconomic scale, the green energy industry plays an important role in the world’s economy overall. As demand for green technology increases in countries all over the world, the race for supremacy begins with companies in each of these countries. The company who produces the best, fastest and most efficient technology will be able to bring its country the benefits of business that will feed into microeconomic conditions.
Like many emerging industries before it, the green energy industry is poised to help fuel the world’s economy and the individual economies of participating nations in the years to come. With a new industry comes the possibilities for new technology, new research, new business ventures and a large offshoot of industries that will take form. With eyes on the future, the world’s nations are paying more attention to this growing industry in the hopes that it will benefit not only the environment, but also stimulate the world economy as well.
About the Author
I am passionate about the keeping the enviornment clean and using renewable energy.
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