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how does alternative energy help economy?


Date: Mon-Dec-19-2011-
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0
How does alternative energy help the economy?
written by: yellowpaint

Many countries spend billion of dollars in the importation of oil and natural gas for generation fuel and electricity. Each of these country economies loses every dollar spent on importation of crude oil products. On the contrary, alternative energy is generated locally, and the money spent on these projects remain at home. This leads to enhanced economic growth and creation of more employment opportunities.

Alternative energy technologies require immense human capital. Employment opportunities are created in designing, manufacturing, marketing, installation and maintenance of alternative energy products. In addition, indirect job opportunities arise from companies offering professional services such as clerical, accounting and transportation services. The salaries and wages created from these jobs grant the local economy an additional source income. Furthermore, the alternative energy industry contributes more tax revenue compared to other sources of energy.

Alternative energy benefits extend beyond the country’s economy. The positive effects can be felt worldwide. With the increased adoption of alternative energy around the world, a country can generate more money by manufacturing and exporting alternative energy products.

[d] By: Guest
Date: Mon-Dec-19-2011
Response
What is 1 + 100



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