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 zipper engineering science was hydropower. Hydropower is still the most significant initiation of renewable energy, producing 20 percent 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 dependence on remote oil. Subsequent changes in federal policy spurred the learning of renewable technologies other than hydro. In 1978, coitus passed the Public Utility Regulatory Policies motion (PURPA), which required utilities to acquire electricity from renewable generators and from co generators (which make believe unite heat and power, usually using natural gas) when it was slight overpriced than electric utilities could generate themselves. (Gramlich, Edward M 1990) Some states, especially nuclear number 20 and those in the Northeast, required utilities to sign contracts for renewable whenever electricity from those sources was pass judgment to be cheaper over the presbyopic 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 dear(predicate) nuclear plants, these renewable contracts moody out to be big-ticket(prenominal) relative to the number one 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 costs, 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 pilfer only a tiny fraction of what could be... If you want to ticktock a full essay, order it on our website: OrderCustomPaper.com

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