https://www.inverse.com/article/58495-solar-energy-prices-hit-tipping-point-as-china-reaches-grid-parity
Create a paper in the form of an APA formatted article that addresses the following questions. Please use apply concepts and theories learned from the textbook ch 5 and 6 to support your ideas, including at least 1 intext citation.
o What are the changes related to production that might have reduced the cost of solar energy and made it into a more affordable source of energy?
o Renewable energy is cleaner for our planet. Yet, when businesses or individuals make a decision in terms of solar vs. traditional energy, all they care is direct cost and product prices, hence totally ignoring costs on society and environment.
Is there a way for the free markets to solve this social cost problem?
Do you think policymakers can help alleviate the problem by setting rules? Explain.
Explain the type of policies that can be implemented.
o Compare and contrast energy from solar or renewable vs. (ii) fossil fuels in terms of marginal and fixed costs. How do these costs factor into the prices we observe in the marketplace? Explain.
