Blog

As an effort to reduce factory-based pollution, carbon taxes are being implemented by the government, but what do they do and how effective are they really? Graphic illustrating the costly nature of nonrenewable energy resources To understand the real cost of large industries' activities, one needs to understand externalities and their wide-scale impact. In economics, an externality is an unintended side-effect of an activity that affects third parties not directly involved.

Though the idea of making the complete switch to renewable energy sounds enticing, there are many costs that come with implementation that make switching from fossil fuels very difficult. Wind turbines and solar panels work to capture energy Current oil reserves are predicted to reach depletion around 2070-2079, leaving us stripped of one of our most vital sources of energy. Similarly, natural gas, our dominant source, is predicted to last until 2060-2070. It is said that we

Though population is expected to grow significantly, yield increase from food crops has been slowing down. Field of wheat under cloudy gray sky The population is expected to grow by 1% each year, but agricultural production needs to grow by 1.5% each year due to food waste. But, the growth rate needed for agricultural production may not be possible to sustain in the future because we have only so much space, energy, and resources. To increase yields in the past, Norman Borlau

With the rise of carbon dioxide emissions and limited deposits, how do the alternatives to fossil fuels look? Is it possible to fully transition to renewable resources in the near future? Wind turbines converting wind energy to electrical energy Right now, around 80% of global energy comes from fossil fuels. Conventional energy sources like oil, coal, and natural gas are so commonly used because they are incredibly energy dense and don't rely on factors like the sun and wind