Question

A specific location in America has closed down several fossil fuel units and set up geothermal plants. In your own words, explain how this would affect the economy of the location. (5 points)

Answer 1

Answer:

The economy of the location would be affected in the following ways:

1. Setting up geothermal plants would create more Jobs as expertise in various fields would be required to render their services.

2. Setting up geothermal plants would increase more revenue generation for the government in taxes.

3. Setting up geothermal plants would attract the development of the location as more people would tend to live there, there would also be improved road networks, housing, e.t.c.

4. Closing down fossil fuel units would eradicate environmental pollution in terms of oil spillage and stop the reduction that has been ravaging agricultural activities due to contamination of water bodies and land as a result of the fossil fuel.

Explanation:

Geothermal power plants are expensive but renewable sources of electricity that use steam or hot water pumped to the Earth's surface from beneath the earth's crust to spin a turbine producing electricity.