Environmental Sustainability in the EU my country is Portugal Essay

Environmental Sustainability in the EU my country is Portugal - Essay Example This concept works to promote developments by maintaining the equilibrium of economy. Environmental issues have become a major concern for all nations for they evidently formulate specific policies for ensuring ecological safety. At this juncture, the promotion of renewable energy sources requires higher significance. This paper in particular, will evaluate Portugal’s potential for using renewable energy sources. Non-renewable energy use The sustainability of an economy highly depends on the availability and consumption rate of its energy resources. The development of profitable energy resources has a direct impact on market expansion and the quality of public services. The market price of no-renewable energy includes cost of exploration, refining, pollution measures, distribution and transportation expenses, and taxes and other related fees (Conserve energy future). In addition to the market price, non-renewable energy also includes some other costs called externality costs t hat arise due to factors such as property damage, environmental damage, war, and health care. Hence, it is evident that energy prices and externality costs would influence the rate of energy consumption. Renewable energy sources Obviously solar energy is an eco-friendly renewable energy that is available at free cost.