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Green Energy Technology Business

Green energy technology business refers to the use of environmentally friendly or non-polluting technologies to produce clean sources of energy for the purposes of energy production by the private sector or government and sell the service of energy generation to the clients of the firm. The environmental policy promotes the enhancement of the environment, but its most significant effect was to establish the requirement for environmental impact statements (EISs) for major U. S. federal government actions.

The law includes two primary sections: • The National Environmental Policy • Action-forcing provisions that ensure that agencies consider the National Environmental Policy in their decision making process. The law establishes the National environmental policy, including a multidisciplinary approach to considering environmental amenities in decision making. The law also established the President’s Council on Environmental Quality (CEQ).

The CEQ prepared the regulations implementing the law that apply to all agencies. These regulations are found at 40 CFR Parts 1500 to 1508. Perhaps most notably, the law requires federal agencies to prepare a statement to accompany reports and recommendations for funding from Congress. This document is called an Environmental Impact Statement (EIS). The definition of actions requiring the EIS includes “major federal actions significantly affecting the human environment.

” Thus, before implementing any “major” or “significant” or “federal” action, the agency must consider the environmental impacts of that action, identify unavoidable environmental impacts and make this information available to the public in the EIS. All these conditions must be satisfied before implementing the proposed action. A major federal action has been expanded to include most things that a federal agency could prohibit or regulate. In practice, a project is required to meet NEPA guidelines when a federal agency provides any portion of the financing for the project.

Sometimes, however, review of a project by a federal employee can be viewed as a federal action and would then, therefore, require NEPA-compliant analyses be performed. NEPA requires that an EIS must include descriptions of: • the environmental impacts of the proposed action • any unavoidable adverse environmental impacts • alternatives, including no action • the relationship between short term uses of the environment and maintenance of long-term ecological productivity irreversible and irretrievable commitments of resources; and

• Secondary/cumulative effects of implementing the proposed action. Federal regulations provide for the preparation of an Environmental Assessment (EA) to determine whether or not the proposed action fits within the definition of actions that require an EIS. An EA considers the impacts of the proposed action and alternatives. It may conclude with a recommendation to prepare an EIS or it may conclude with a recommendation to prepare a Finding of No Significant Impact (FONSI). An EA must generally include the same contents, but may be briefer.

The specific content of an EA is dictated by the specific section of the Code of Federal Regulations relating to the involved federal agency. If more than one federal agency is involved in a particular project, multiple EAs may be required. For example, a project involving both the Environmental Protection Agency and the United States Department of Agriculture will require an EA specific to each federal agency prior to the project’s approval. EISs and EAs are environmental documents written under the direction of a federal agency to aid in decision making.

They explore feasible alternatives to a proposed action, and the likely environmental consequences of those actions. NEPA sought to put environmental concerns on par with economic motivations and technological feasibility when making a decision that could affect the environment. Hydrological/geological, biological/ecological, social and health are among the consequences considered. More recently, archeological, historical, cultural impact analyses, and financial management plans for an action have been added to the EIS process.

The Environmental policy major formulates polices which will govern the production of clean energy sources using alternative technologies which are eco-friendly The Energy major refers to the use of alternative sources of clean and environmentally friendly sources of environment that will not pollute the environment. The energy major relates to the green energy business in that it identifies alternative sources of energy which will enhance the production of energy using eco-friendly technologies

The Business major refers to the aspect of sales of services of the clean energy produced to potential clients who are going to rely on these technologies. how does this help or relate to a future in the Green Energy Technology Business? Well when a firm dealing with green energy technology renders services it has to put in mind the aspect of the cost of business so that it can earn a profit and as well maintenance a clean environment.

Reference:

The National Environmental Policy Act “NEPA” http://en. wikipedia. org/wiki/National_Environmental_Policy_Act