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Can Growth in Sustainable Energy Reduce Natural Resources Overspend?
| September 30, 2019
Ascent Resources is a leading independent energy company focused on acquiring,developing, and producing natural gas and oil in the prolific Appalachian Basin.
Article | March 3, 2020
The propagation of artificial intelligence (AI) is making a significant impact on society, changing the way how we work, live, and communicate. AI today is allowing the world to diagnose diseases and develop clinical pathways. It is also being used to match individuals’ skill sets with job openings and create smart traffic that leads to the reduction of pollution. There are many examples of applying AI technologies in the sustainable growth of the planet and organisations. It is time to solve some of the world’s biggest problems with emerging technologies such as AI.
Renewable energy is suddenly taking a very important role in the energy industry; especially solar and wind. In light of this, major players in the oil and gas industry have begun to position themselves for this forecasted energy transition. Major investments by the oil majors into renewable energy has called for the question of whether this is an indication that they are gradually transitioning into energy companies. Also, upon closer study of this trend, it is easy to classify the major players into leaders in renewable energy investment and slackers.
In the longer term it is obvious that having significant manufacturing capacity in coastal US states makes more sense than making components elsewhere and sending them on long sea journeys to their installation site. However, in the short term the sector will require a great deal of imported machinery and skills. International free trade has been instrumental in creating a positive marketplace for offshore wind, by driving down costs and accelerating growth. Unfortunately, this has had contrary effects on local prosperity, where areas do not receive the benefits of investment. Public and political support for offshore wind developments can therefore be undermined.
Policymakers looking to rebuild our economy must keep in mind peoples’ needs for the future after this public health crisis. Now, medical and safety needs for frontline workers are the first priority. Thinking about recovery, strengthening policies for the clean power sector and the people who work to build a cleaner and more robust energy supply will make us healthier in the future. Congress can rebuild the economy with smarter investments in clean energy which will also lower the costs of electricity.
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