Namaste Solar Company Performance - Dissertation Example

The introduction of biofuels will increase the prices of foods and also reduces the availability of food. The shortage of supply of food can be countered by increasing the productivity of agriculture. The bio-fuels obtained from food crops are economically viable when the food prices are low and the prices of fuel are high. The globe witnessed high energy prices in 2000. The bio-fuel was made profitable with high energy prices coupled with low prices of food. The rise in prices of corn can lead to big losses for the processors of corn bio-fuels. The emerging markets of bio-fuels will provide new markets for forest resources and the net benefits will get accrued to the local economies. The industries selling forest products are also likely to get benefitted. The negative effects will vary across regions. Bio-fuels can be utilized in electricity generation in the decades to come. The global industry of bio-power will bring enhanced prospects to the economy filled with natural resources. China, India, Latin America, and Africa are the major gainers from the energy saved by improved cookstoves. China has saved 40 to 59 percent of its energy consumption by bringing 20 to 30 percent improvements in fuel efficiency. Energy is needed for poverty alleviation in developing countries. However, with the rise in income levels, a shift in the trend of preferences has been noticed. The modernization of agriculture will provide spaces for biomass energy production (Zilberman, Rajagopal, Sexton, Hochman, 2008).

The total greenhouse emitted by some individual, product, or organization is termed as carbon footprint. It is difficult to calculate the total amount of carbon footprint due to the unavailability of data. Carbon accounting is used to assess the GHG emissions of a nation or organization. Population, carbon intensity in the economy, and economic output are the main influences behind a carbon footprint. To decrease the level of carbon footprints, these agents are the target of individuals. If the size of the carbon footprints is known, strategies can be taken to reduce it with the help of technological developments, consumption strategies, better management of processes and products. The mitigation of carbon footprints is termed carbon offsetting. Examples of carbon footprints are electricity, travel, recycling, water, and food.

Solar energy is one of the most important renewable energies or green energies. Solar energy consists of radiant light from the sun and heat from the sun. These two major constituents of solar energy have been harnessed by human beings since ancient ages. Gradually, solar energy has been identified as a potential resource of energy for domestic as well as commercial requirements of energy. But there are different types of problems with solar energy.

Cost: Solar energy is more expensive compared to electricity and coal-fired power if environmental cost is not considered. The initial cost of installation of the solar plant is very much high.