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July 1 Alternative energy and global carbon emission trends affecting national competitiveness Date:2017-09-01
 Last year (2016), global new installations of alternative energy reached a total capacity of 161 Gigawatts, for a record high, and worldwide carbon dioxide emissions continued at no growth for three consecutive years, and the main reason for this has been the increase in alternative energy replacing the original coal powered electricity generation, followed by increasing global energy efficiency.

In the past it was always thought that reducing carbon emissions would result in declining economic growth, but in recent years examples have shown that the two need not be correlated. Further analysis of national results indicate that in 2016, America led with reduction of carbon dioxide emissions from the prior year by 3%, at the same economic growth expanded by 1.6%, so one figure was in negative growth, while the other was still positive growth. Last year China’s carbon dioxide emissions total volume declined 1%, while GDP increased 6.7%. In Europe, there is a similar lack of correlation, as in the UK in recent years with implementation of their carbon tax, they have applied a market mechanism with a tax of 18 British pounds per liter, resulting in massive growth in alternative energy, and as the technology has rapidly improved, alternative energy overhead has continuously declined, becoming less expensive than traditional coal powered electricity generation or nuclear power, as well as impacting future economic directions.

 


       
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