Coal’s financial rewards look tempting

It’s easy to choose the most low-cost alternative but there can be hidden costs in the long run.

11:21 02 June 2013

Financial rewards seem to be the main focus when it comes to implementing coal energy. The cost for producing it is extremely low and seems to be a very attractive option, but this threatens environmental conditions. There may be other ways to seek financial gain than settling for low-cost fuel that pollutes.

  

• Solar energy-increasing the use of solar energy, and developing more efficient forms of photovoltaic cells can bring financial rewards in the form of more jobs and much less risk than mining coal. 

 

• Hydro-electric energy-hydro electric plants typically do very well, helping to generate employment opportunities and environmentally friendly energy. It brings financial rewardsand also won’t cause issues with reducing emissions. 

 

• Investments-using money wisely, both personally and with a business could mean investing in responsible companies that also don’t use poor energy solutions. 

 

• Promotions-for individuals, they might be able to seek their own financial rewards by trying for a promotion at work, or searching for a job which pays more with another employer. For a business, constantly analyzing your partners, interest rates, and how money is spent is the first step towards financial rewards. 

 

• Electricity scheme-this scheme gives energy customers the ability to make their home eco-friendly where energy is concerned, including solar panels and special water heaters to provide better home resale value as well as other financial rewards like receiving money back once the amount of the loan for conducting the changes has been paid off. 

 

• Savings accounts-while this might not be the same level as some of the other suggestions that bring financial rewards, it is still important to note that one of these accounts, especially the Independent Savings Accounts can pay you more which brings you financial rewards.