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Energy Supply and Demand and Future Growth - Essay Example

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Energy has made the powerful man become what he is today. Man discovered several forms of energy to harness its power and streamline his own life. This paper, thus, gives an account of the global energy market and its growth in terms of demand and supply…
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Energy Supply and Demand and Future Growth
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Energy Supply and Demand and Future Growth

Download file to see previous pages... This essay stresses that a challenge for Asia primarily to meet the growing demand for energy in the future in a sustainable manner. Unfortunately, however, these countries own only 1% of the world energy resources and thus must rely on imports. The good news is that these countries have abundant resources to generate energy from renewable resources. This, nevertheless, requires huge investments in energy infrastructure- about $1.1 trillion- in addition to another investment of $390 billion to meet the energy requirements between 2008 and 2030.
This paper makes a conclusion that the future of the energy markets rest entirely on how the world will respond to the global growing needs of energy though the task is very difficult. Implementation of commitment, anyhow, is the key to the solution for countries individually as well globally. Therefore, a large scale action is required to achieve global energy supply targets. The use energy has bestowed man with the coziness and contentment of the modern technological world. The comforts and the gains from the ever-improving technology, nonetheless, rest on how the world answers the question of shortfalls in the energy supply. Importantly at first, all the countries need to realize the importance of energy conservation. Secondly, more and more alternative sources must be discovered to provide energy abundantly at the lowest possible cost. Ultimately, the world needs to act collectively to gain the advantages of combined resources, knowledge and technologies. ...Download file to see next pagesRead More
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