Download - Energy Budget 2014-2064
By: Ian Mongold and Terius Grandison
Energy Budget 2014-2064
• Wind - energy of the future• Solar - energy of the future• Hydrogen - fund research for the future• Geothermal - in limited areas where outlook is high
Energies to Embrace for the Future
• All Fossil Fuels and other Nonrenewable• Natural Gas will help bridge the gap between the
transition from fossil fuels to green renewable energies
• As Nuclear power is phased out the budget will still be roughly the same due to the fact that deconditioning.
Energies to Phase out in the Future
22%
23%40%
8%7%
CoalNatural GasOilNuclearRenewables
Wind• Main point of wind is
its always available • Possibility for a high
net energy gain• Wind farms could
supply a large amount of the energy needed in the U.S.
• Net energy is yield is moderate to high depending on type and weather conditions
• Cost are moderate • To help bring cost down
subsidies can be given • Low land disturbance • Photovoltaic cells can be
mounted on rooftops and walls to further reduce land disturbance
Solar
• The process of getting pure hydrogen has zero emissions as long as fossil fuels are not the source of the hydrogen or the electricity used to split water molecules is no derived from fossil fuels
• Possibilities for high efficiency in fuel cells (45%-65%)
• Expensive therefore, subsidies and further research is needed to help bring cost down
• New infrastructure is needed to support hydrogen
Hydrogen
• Is efficient in accessible areas
• Geothermal emits little CO2 compared to the traditional fossil fuels
• Low cost at favorable sites
• Can be expensive
Geothermal
2014 ($28,415,657) Current Budget
22%
23%40
%
8%7%
Coal Natural GasOilNuclearRenewable
2018 ($31,809,056)
21.20%
23.80%38.8
0%
7.80%
8.40%Coal Natural GasOilNuclearRe-new-able
2022 ($31,834,056)
20.40%
24.60%37.60
%
7.60%
9.80%Coal Natural GasOilNuclearRe-new-able
2026 ($31,859,056)
19.60%
25.40%36.4
0%
7.40%
11.20%Coal Natural GasOilNuclearRenewable
2030 ($31,884,056)18.80%
26.20%
35.20%
7.20%
12.60%
Coal Natural GasOilNuclearRe-new-able
2034 ($31,909,056)
18%
27%
34%
7%
14% Coal
Natural GasOilNuclearRenewable
2038 ($31,934,056)17.20
%
27.80%
32.80%
6.80%
15.40% Coal
Natural GasOilNuclearRe-new-able
2042 ($31,959,056)16.40
%
28.60%
31.60%
6.60%
16.80%
Coal Natural GasOilNuclearRenewable
2046 ($31,984,056)
15.60%
29.40%
30.40%
6.40%
18.20%
Coal Natural GasOilNuclearRenewable
2050 ($32,009,056)
14.80%
30.20%
29.20%
6.20%
19.60%
Coal
Natural Gas
Oil
Nuclear
Renewable
2054 ($31,999,056)14%
31%
28%
6%
21% Coal
Natural GasOilNuclearRe-new-able
2058 ($31,989,056)
10.00%
32.33%
26.00%
5.83%
25.83%
Coal Natural GasOilNuclearRe-new-able
2062 ($31,979,056)
6.00%
33.33%
24.00%
5.67%
30.67%
Coal Natural GasOilNuclearRe-new-able
2064 ($31,969,056)
2%
35%
22%6%
36%
Coal
Natural Gas
Oil
Nuclear
Re-new-able
Energy ChartCoal Natural Gas Oil Nuclear Renewable
2014 22% 23% 40% 8% 7%
2018 21.20% 23.80% 38.80% 7.80% 8.40%
2022 20.40% 24.60% 37.60% 7.60% 9.80%
2026 19.60% 25.40% 36.40% 7.40% 11.20%
2030 18.80% 26.20% 35.20% 7.20% 12.60%
2034 18% 27% 34% 7% 14%
2038 17.20% 27.80% 32.80% 6.80% 15.40%
2042 16.40% 28.60% 31.60% 6.60% 16.80%
2046 15.60% 29.40% 30.40% 6.40% 18.20%
2050 14.80% 30.20% 29.20% 6.20% 19.60%
2054 14% 31% 28% 6% 21%
2058 10% 32.33% 26% 5.83% 25.83%
2062 6% 33.33% 24% 5.67% 30.67%
2064 2% 35% 22% 5.50% 35.50%
• Subsides will be cut at a very low rate from the production of corn to produce ethanol
• The subsidies will be rerouted to tax breaks for companies and individuals who invest in wind, solar and geothermal.
• Incentives also in the form of tax breaks will be given to solar and wind companies who want to open factories here in the U.S.
Subsidies
• Natural gas will begin to be phased out as oil is also slowly being phased out
• Renewable energy percentage will continue to grow and as those energies are successful a broader range of green energies will be implemented
• Nuclear Power Plants will be continuing to be decommissioned
The next 50 Years