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Sustainable Energy - PDF

   

Added on  2020-11-12

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SUSTAINABLEENERGY

Table of ContentsINTRODUCTION...........................................................................................................................1CONCLUSION................................................................................................................................5.........................................................................................................................................................5REFERNCES ..................................................................................................................................6

INTRODUCTIONIn toady's context energy is termed as physical based worked with the standard unit ofenergy is joule. There are basically nine major areas of resources of energy (Akhtar, andRehmani, 2015). The both renewable and non renewable sources of energy as consist of nuclear,coal, natural gas have limited supply. This is because they take a very long time to regenerate innature for longer duration of time. The renewable energy resources are replenished naturally andit takes a short period of time. The main five resources of renewable energy are wind, solar,water, geothermal and biomass. Sustainable energy is defined as the form of energy that meet thedemand of today without putting them in danger of extinction and these can be used again andagain. The energy demand is increasing faster as the population is growing. People around theworld require energy for doing daily activities of the day. So, it is important to conserve energyfor using it for a long period of time. The demand of energy of countries are increasing everyday. This depends on the developing economy and the change in sociological economicstructure This causes energy deficit i.e. failure of increase energy generation. If a country'seconomy will experiences lack of energy resources, then it will lead to decrease in low economicgrowth along with the manufacturing with the help of exiting production. The direct as well asindirect procurement of energy affects the production structure of any country and budgetbalance in the international and national markets. These reflects various economic problems suchas current account deficit. Due to this, energy has become an important issue of world. Theenergy resources are under control of selected countries. These countries face a potentialproblem of losing the security of energy procurement. This give rise to another problemincluding the cost of consumption incurred by the energy resources needed for meeting theincreasing demands. These ambiguities in the procurement of of energy leads to failure ofachieving sustainable growth and welfare loss. Therefore, there is a need of timely procurementof high quality energy at an affordable price. Herein, it promote to have effective operation within economy and sustainable growth. According to Fenton, 2015, energy is claimed as one of thekey indicators of economic growth. The production of a country depends on the amount of it'senergy consumption. The development of country id based on ability of creating greatereconomic value with less energy. This means delivery of same amount of production with lessenergy. The development level of those countries in which production structure depends uponthe energy imports makes economy vulnerable. This is because the increase in energy1

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