what do you mean by global energy crisis? what are the measures you adopt to resolve the global energy crisis. Describe it in detail
Answers
An energy crisis is any significant bottleneck in the supply of energy resources to an economy. In literature, it often refers to one of the energy sources used at a certain time and place, in particular those that supply national electricity grids or those used as fuel in vehicles.
Industrial development and population growth have led to a surge in the global demand for energy in recent years. In the 2000s, this new demand — together with Middle East tension, the falling value of the U.S. dollar, dwindling oil reserves, concerns over peak oil, and oil price speculation — triggered the 2000s energy crisis, which saw the price of oil reach an all-time high of $147.30 a barrel in 2008.
1.Energy transition to renewable energy sources
Unlike fossil fuels, some energy sources are totally renewable, and do not emit greenhouse gases. These clean and sustainable alternative energy solutions include solar energy, hydropower, wind energy, geothermal energy and biomass energy.
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2.Energy efficiency and conservation
In order to prevent an energy crisis, it is also crucial that we consume less energy by improving and modernising energy infrastructure such as smart grid solutions, and smart cities. It is also important that we replace old devices by energy efficient solutions, such as replacing traditional light bulbs by LEDs.
The global energy crisis signficiant