Energy Storage for Desalination Processes †MyAssignmenthelp.com

Question: Discuss about the Energy Storage for Desalination Processes. Answer: Introduction Renewable energy is an important source of energy for any country as it has characteristics to replenish itself after a certain period of time. The main use of renewable energy is in electricity generation and transportation sector. Australia also uses renewable resources for creating other energies that can fuel the needs of the country. The aim of this paper is to analyse the stand of the government of Australia in the context of renewable energy. The secondary data and information are collected regarding the use of renewable energies in Australia and economic analysis is done. Currently, 4.1% of the electricity generation is done through the use of renewable energy. However, the government of the country has decided to increase the use of renewable energies in the electric production and transportation industries. Byrnes et al. (2016) stated that the prime reason for the target is the opportunity that is available to the country. It can use the wind powers and the land to produce electricity which can easily meet one-fourth of the demand of the country. However, the major issue is that, there are no large-scale production plants in the country and hence the cost of production is very high. This high price of renewable energy gives rise to the demand of conventional energy. The government is taking the responsibility to attract foreign investment in order to develop and boost the renewable energy production in the country. Therefore, this topic mainly concerns the government of the country, the players in the energy industry and the workers working in the i ndustry. From the perspective of economics, this decision to increase the use of renewable energy has justification. The demand for the energy is increasing with the increase in the population of the country. The conventional coal-fired power plant is already meeting 67% of the demand of the country (Martin and Rice, 2015). Apart from that, producing electricity using coal is not only harmful to the environment, but it also increases the cost of operation as well. The decision of the government in terms of transition to the renewable energy production and use will also increase the job opportunity for the people of the country as well. Again, from the perspective of resource economics, the decision also makes sense. The use of coal in the production of electricity increases the pollution in the environment. According to Bloch et al. (2015), most of the economic activities use the non renewable energies and hence the degradation of the environment is inevitable. Therefore, using the renewable resources for the production of the electricity is the equilibrium from the point of view of resource economics branch. Gude (2015) highlighted that equilibrium from the environmental perspective is also important for long term sustenance of the environment. Furthermore, another underlying objective of the government is to diversify the source of the electricity and fuel for transpiration. This according to the principles of economics would also result in a diversification of occupation within the Australian economy. However, the figure 1 suggests that, there is no pattern in the inflow of investment. Howard et al. (2018) stated that this is due to the lack of policy and the clear goal of the government regarding the growth and the development of the renewable energy sector of the country. However, the government has managed to increase the use of solar panel in different provinces of the country. According to the data, a higher percentage of use of solar panel can be seen in South Australia with 28.8% (Azad et al. 2014). Apart from that other province also shows high percentages of use of the solar panel. This clearly shows the intent of the government and the preferences of the people of the country. This can also be justified with the principles and the theories of economics. These are the changes in the demand due to the shift in the preferences of the customers. The corresponding demand for the conventional form of electricity has reduced. In this context, the theory of substitute product can also be stated as solar power is a direct substitute of the conventional powers. As per the data of figure 3, the price rose sharply till 2013 and after that, it started falling. This is due to the increase in the demand for the substitute goods of conventional electricity (H ua, Oliphant and Hu, 2016). Another reason for the decrease in the demand of the regular electricity is the decrease in the price of the alternative renewable energies due to economies of scale and technological development. Recommendations Based on the analysis of the paper, it is recommended to the government of Australia to invest money in order to increase awareness among the citizens of the country regarding the benefits of using renewable energy. This would also increase the demand for the renewable resource use in the market and hence the Mandatory Renewable Energy Targets of the country will be accomplished faster. In addition to that, the government is also recommended to carry out campaigns so that investors can also be attracted towards development of the renewable resource industry. Furthermore, it is also recommended to the new companies to start a venture in the sector in order to boost the use of renewable energy. This will also increase the job opportunity for the people of the country as well. Conclusion Therefore, the stand of Australia in terms of renewable energy use in the production of electricity and transpiration is clear. The aim of the government is to increase the use of the clean energies by the end of the year 2020. There are many of the underlying objectives as well which will be accomplished following the increase in the use of renewable energy in Australia. The number of job creation in the field would rise and hence this will lead to sustenance. However, as per the finding of the study, the government needs to take responsibility in order to attract foreign investment to fund the growth and the development of the sector. Reference Azad, A.K., Khan, M.M.K., Ahasan, T. and Ahmed, S.F., 2014. Energy scenario: production, consumption, and prospect of renewable energy in Australia. Journal of Power and Energy Engineering,2(04), p.19. Bhattacharya, M., Paramati, S.R., Ozturk, I. and Bhattacharya, S., 2016. The effect of renewable energy consumption on economic growth: Evidence from top 38 countries.Applied Energy,162, pp.733-741. Bloch, H., Rafiq, S. and Salim, R., 2015. 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