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Welfare of Government - Essay Example

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Innovations in technology are important to the future welfare of governments because they have the capacity to protract economic development, improve the living standards of the citizens and enhance human health …
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Welfare of Government
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Welfare of Government

Download file to see previous pages... This paper discusses the ways in which various governments influence the process of innovation and technological developments, and ways in which the government approaches can help achieve sustainable levels of energy use. Innovation and the Government Governments across the globe support technological innovations, including their creation and demonstration, to give confidence and promote the private investors in their countries to adopt these new technologies. Governments will get involved in innovations through initiating technological research, development and demonstration projects in which they offer wide financial support. Further, governments support innovations and technological developments in their nations through subsidizing programs that support these developments (Deutch 2005). The governments have acknowledged that innovation is the process through which they can effectively achieve technical change. The governments are actively involved in the initial step of innovation, which is the creation of technology in their countries. This is often accomplished through supporting the discovery of new technologies and sciences. As earlier mentioned governments together with the help of the private sector and other foundations, sponsor and fund the discovery activities (Deutch 2005). The research and development activities are performed in industries, hospitals, universities as well as laboratories. Governments also help to deploy new discoveries of science and technology in business enterprises or society. Governments encounter challenges in technological changes when deploying new technological innovations because of the uncertain investment decisions involved, the changes involved in the production process with the personnel and customizing these new products or services to meet the needs and the demands of the customers (Deutch 2005). Government Energy Policy Options The governments are greatly concerned with the energy sector and its policies across the globe. The governments’ involvement in energy policies is because energy is a very significant aspect of the economy. The availability, the pricing and the efficiency of energy in all countries affects the performance of the economy. In addition, energy use significantly affects the environment, more specifically the global climate change, which must be addressed by the governments. In certain governments, such as the United States, the reliance on imported oil, and progressively more gas, has essential security implications for the country as well as its partners (Deutch 2005). Most of the global energy policies for various governments are a shift from nuclear dominated power to renewable energy because of their capacity to be environmentally sustainable. Options in energy policy are defined by security of the energy, the reduced costs and alternatives that aim at promoting sustainable environment across the globe. This renewable energy policy options can be achieved by governments reducing their dependence on the nuclear powering their medium and long-term policy plans (Maeda 2012). More important, the governments should enhance the safety of energy in their countries. Moreover, to achieve environmentally sustainable use of energy levels, the governments ought to reduce their dependence on fossil fuels, and reduce the levels of carbon monoxide emissions into the atmosphere (Maeda 2012). Support Options Governments can support the technological innovations through setting the regulations and rules that govern the innovation activities. This will enable the innovations and influence the performance of the process. The support options by the governments include ...Download file to see next pagesRead More
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