Compare the costs and benefits of investing in an industrialized economy to the cost and benefits of investing in a developing economy from the standpoint of a Multinational Enterprises.

Before the 1980s, the only widely used renewable electrical talent engineering science was hydropower. Hydropower is still the most significant reference book of renewable energy, producing 20 part of the worlds electricity and 10 percent of that of the United States. The 1973 oil color crisis awoke the country to its vulnerability through with(predicate) dependence on remote oil. Subsequent changes in federal policy spurred the teaching of renewable technologies other than hydro. In 1978, coition passed the Public Utility Regulatory Policies motion (PURPA), which required utilities to bargain for electricity from renewable generators and from co generators (which make believe combine heat and power, usually using natural gas) when it was slight high-priced than electric utilities could generate themselves. (Gramlich, Edward M 1990) Some states, especially atomic number 20 and those in the Northeast, required utilities to sign contracts for renewable whenever electr icity from those sources was pass judgment to be cheaper all over the farseeing term than electricity from tralatitious sources. These states saw the largest renewable development under PURPA. However, because oil scathe projections were high and because utilities were planning high-priced nuclear plants, these renewable contracts moody out to be high-priced relative to the broken in dodo fuel prices of the 1990s. Nevertheless, under PURPA over 12,000 megawatts of non-hydro renewable generation substance came on line. This development enabled renewable technologies to develop commercially.

Wind turbine cos ts, for example, change magnitude by much ! than 80 percent. Over the last five years, renewable energy growth has been modest, averaging less than 2 percent per year, principally because of the low cost of fossil fuels. In addition, the uncertainty nigh the deregulation of the utility industry largely froze investment in renewable, as utilities avoided new long-term investments. (Tator CH, Duncan EG, Edmonds VE, Lapczak LI, Andrews DF. 1993) Current levels of renewable development wager only a tiny fraction of what could be... If you want to flummox a full essay, order it on our website: OrderCustomPaper.com

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