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Energy Markets
The issue about carbon dioxide emission is a big argument in many countries. Many countries including the United States have come up with policies to curb the use of carbon emission in factories and other sectors. Many factories including power plants produce carbon dioxide in order to produce electricity. There are many power plants in the country and they produce an energy at large measure which means they also produce carbon dioxide in large quantities. According to Reuters, the EPA is setting a standard for the amount of carbon dioxide produced in power plants. Power plants mainly use coal to produce energy and when the policy to curb carbon dioxide helps cut the use of coal and save trees (Volcovici, 2013). Carbon dioxide emission also affects farming and the climate. Many farming countries are having difficulty producing as much food due to lack of rain and rapid climate changes. Drought also causes wildfires which cause damages to home and more costs to the government.
In Washington DC, there has been a law policy to curb carbon dioxide emission. The policy aims to shift the power plants from using fossil fuels to using clean energy. According to McDermott, the change from fossil fuels to clean energy will cut air pollution, warm climates, stressed ecosystems and warming oceans (McDermott). The use of clean energy will cut cost and environmentally safe. This will also help the economy and control energy. The law policy will also help reduce about one-third of environmental pollution according to the Carbon Tax Center. Also, the Carbon Tax Center will also tax climate pollution imported goods. The taxation on these imported goods will help the reduction of carbon dioxide not only in the United States but in countries all over the world. The heavier the taxation the more countries will comply. The policy mainly targets the reduction of greenhouse gases and helps carry out the use of clean and renewable sources of energy.
There are many reasons for energy supply security in many countries. The first reason is the price. The price of energy is variable to the consumer depends on the generation, transmissions and distribution. Sustainable energy is expensive in the short-term when the prices oil increase. The increase in the price oil, gas and electricity could trigger economic recession and inflation. The second reason is transportation. Today, many countries transport energy such as electricity to other countries. Mobility of energy helps in its security. Another reason is substitution. Energy diversity is important for energy security. Different equipment and machines use different fuel this allow for energy diversification which helps in energy security. The substitution of energy reduces the overdependence on one source of energy such as oil, and creates the opportunity to use other energy sources such as solar and others.
In conclusion, the emission of carbon dioxide is harmful for the environment. It affects the climates, ecosystems, oceans and other things. There are many power plants that release carbon dioxide and the EPA has made it a mission to curb carbon dioxide emission. There has also been taxation that is being imposed on imported carbon emission. The purpose of the taxation is to force other countries to create a policy to curb carbon dioxide emission. This will also allow countries to use cleaner and renewable energy that will help the environment.
References
Coal & Energy Security. (n.d.). Energy Security Definition. Retrieved October 18, 2014, from http://www.worldcoal.org/coal-society/coal-energy-security/
Congressman Jim McDermott - Representing Washington State's 7th Congressional District. (n.d.). Congressman Jim McDermott - Representing Washington State's 7th Congressional District. Retrieved October 18, 2014, from http://mcdermott.house.gov/index.php?option=com_content&view=article&id=763:mcdermott-re-introduces-legislation-to-curb-carbon-dioxide-emissions&catid=25&Itemid=20
Volcovici, V. (2013, September 20). U.S. sets first curbs on power plant carbon emissions. Reuters. Retrieved October 18, 2014, from http://www.reuters.com/article/2013/09/20/us-usa-energy-emissions-idUSBRE98J03A20130920
