With respect to five \"policy-relevant\" characteristics or questions: Is it a s

Question

With respect to five "policy-relevant" characteristics or questions: Is it a stock-flow or a fund-service resource? Is the resource excludable or nonexcludable? Is the resource rival or nonrival? Is the resource rival or nonrival between generations? Is this resource substitutable? I need to demonstrate an understanding of these "policy-relevant" characteristics by applying them to a specific type of resource: solar energy. Specifically, for your chosen resource "solar energy", take each of the five "policy-relevant" questions above, in turn, and provide two types of information: First, answer the question for the resource (solar energy) and briefly explain your answer. Then explain, why and how this is a "policy-relevant" characteristic for the resource: solar energy. I may use a specific policy question or example. How does this characteristic impact what can or can't be done from a policy point of view? Similarly, it may be helpful to think of this within a source and sink context. The global ecosystem is the source for all types of resources and the sink for the waste and by-products that result from their use in the economy. There are many sustainability policy implications for these two contexts, and the listed "policy-relevant" characteristics shape the types of policy actions that will be possible and/or effective.

Explanation / Answer

Solar energy is generally a fund service as it is not physically transformed into what they produce and they are not depleted through use.But when solar energy is stored in water,it can either be a stock flow or fund service resource.When solar energy is transformed into electrical energy by a microhydropower plant that depends on river flow ,it is essentially a fund service resource.It provides service at fixed rate and cannot be stockpiled or worn out when used .

Fund service resources are nonrival.Solar energy is non rival as it provides natural services of light and warmth that are non rival.But if one uses photovoltaic panel shades,then it is rival at least during part of the day or year.

Solar energy is nonexcludable as we cannot restrict access to light.Solar energy in the form of light is a renewable source of energy which is not scarce.It is not substitutable as it is a renewable source

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