Yuri Zhang writes:*
In 1982, Germany began to generate electricity by wind power. Between 1999 and 2000, the installed wind energy capacity rapidly increased by 100 times. Recently, the wind turbine could produce electricity which could be used 115 million hour annually. As prediction in 2020, Germany could install around 25 thousands wind turbines which can contribute maximum 25% of electricity consumption of the country. So far,Germany as the first wind energy industry country provides job opportunities for 25 thousand people.
Government policies and technologies innovation are two main reasons for dramatic development in wind energy industry. In 1999 and 2000, Germany government enacted two laws respectively to impel power supply companies to accept takeover of renewable resource energy and to control the fluctuation of market price. The electrical production enhanced since technology upgrading, also the costs of wind turbine reduced by 50%.
Wind energy has dual economical and environmental advantages. First, people rely on fossil fuel nowadays for production and transportation. However, there are potential scarcity for unsustainable resources and those unstable elements may influence economic activities in future. Fortunately, sustainable resources could substitute fossil fuel then reduce the risk. Secondly, wind energy industry produce zero co2 emission.
Clearly, the energy strategy in Germany achieves the goal: Protect environment without sacrificing economics development and benefits.
Bottom Line: Germany successfully began to transfer fossil fuel industry forward to renewable resources industry. In future, as more and more renewable resources are exploited the economics production and actions should willing to accept the resource transformation.
* These guest posts are from students in my resource economics class at Simon Fraser University. Please leave feedback on their logic, ideas and style and suggestions of how to improve.