Research Paper On Fossil Fuels
Project description
Krishang's paper evaluates the many possible outcomes of the global shift from fossil fuels to renewable energy sources. It takes into account developments made in renewable energy and those in fossil fuel extraction, comparative advantages, cost-effectiveness, and more. It offers grounded insights into global policies on energy prediction from fossil fuels, continuing challenges in the use of renewable energy production, and significant negative externalities of fossil fuels that remain to be addressed. At its core, the paper seeks to determine whether in the future , fossil fuels indeed would no longer be a part of resources used as an energy source. Krishang's paper offers a non-traditional, even contrarian, take on the topic: acknowledging that the world's dependency on fossil fuels may be unlikely to disappear any time soon, but the dominant argument of economic feasibility would be countered with policy actions, such as the implementation of a unified carbon tax solution to meet global targets of reduced carbon emissions.
