Society's dependence on energy has been increasing for centuries. Society needs to use the energy it generates for consumption purposes. The amount of energy and the type of energy produced have been found to have contradictory effects on the environment. The environment is one of the biggest concerns that people care about when it comes to the type of energy produced. Environmental activists play an important role in helping to monitor and work to support government regulations on energy sources. These environmental advocates see the long-term effect of government policy on their communities. Additionally, due to environmental concerns, the government implemented the Clean Air Act of 1990, which aims to enforce industry rules and regulations. Recently, current issues such as long-term electricity supply, energy sustainability and longevity have made people think about new ways to solve these problems. Thus, the rise of renewable energy (electricity) has triggered the search and opportunity to change the dynamics of the global energy situation. A more precise summary of global energy concerns leads economists to develop a cost-benefit analysis associated with current energy methods versus future renewable methods. For the purposes of this thesis, the economic effect of wind energy in Europe on the world is presented by considering the question of what are the positive or negative economic effects of wind energy in Europe on the world, while using significant factors to determine the effects of wind power.Wind power is the conversion of wind energy into a useful form of energy, such as using wind turbines to produce electricity, wind turbines to mechanical power, wind pumps for pumping or draining water, or...... middle of paper ...... would be solved by changes to current methods and procedures. Ultimately, the future of wind energy lies in continuing to research, develop and apply best practices.ReferencesHungerford, T. and Streeter, S. Cap and Trade: The Kyoto Protocol, Greenhouse Gas (GHG) Emissions, Carbon Market and Climate Change. Retrieved from http://en.wikipedia.org/wiki/Wind_powerRetrieved from http://ascentbusinessinstitute.wordpress.com/Retrieved from http://en.wikipedia.org/wiki/Wind_powerRetrieved from http://www.tutorgig. com/ed/Wind_powerRetrieved from http://wind-energy-the-facts.org/en/part-3-economys-of-wind-power/chapter-3-project-financing/Retrieved from http://windfarmoperator. com/The economics of wind energy. (2009, 3). Retrieved from http://www.ewea.org/fileadmin/ewea_documents/documents/00_POLICY_document/Economics_of_Wind_Energy__March_2009_.pdf