Global Energy Resources: Differences between Projections and Current Usage

SUSTAINABLE ENERGY
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MONTH AND YEAR OF SUBMISSION
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Executive Summary
The world energy resources demand and consumption is increased in the global arena, which has
resulted in the differences between world energy supply survey conducted in during 1970’s and
the survey conducted in the 2nd decade of the 21st century. In the case of coal, crude oil, nuclear
and natural gas the increase in demand, price and consumption has different results in
comparison to projections made earlier and now. Economic growth is also observed as one of the
major forces that have created an impact on the usage of these world energy resources. The
growth of energy consumption from the Asia Pacific will contribute to 65% of the total energy
demand supply. The countries to be rising in the energy consumption are Middle East, Africa,
Central and South America. The more current stages of global development reflect that
governments and nations are shifting their focus to acquiring more renewable sources of energy.
Energy sources like Hydropower, solar power, wind power and bio-fuel power are being used to
support the energy needs in the developed nations.
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Table of Contents
Table of Contents.............................................................................................................................2
Introduction......................................................................................................................................3
Differences between earlier projections and current energy usage:................................................6
Coal and lignite............................................................................................................................6
Crude oil and NGL......................................................................................................................7
Natural Gas..................................................................................................................................8
Nuclear.........................................................................................................................................8
Hydro and Nuclear.......................................................................................................................9
Hydro...........................................................................................................................................9
Inexhaustible..............................................................................................................................10
Total energy consumptions........................................................................................................10
Conclusion.....................................................................................................................................11
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Introduction
The global energy has been going through a transformation as there has been an increase in
electrification for expansion of renewable energy, oil productions and globalised natural gas
sector. It has evaluated that the choices of policies made by different governmental bodies are
observed as major reasons for changing the shape of global energy resources. There has been a
prediction made from 1960 to 2050 over usage of energy resources, which seems different in
comparison to current predictions made by international energy agencies (Facts, 2019). The
following two images are from 1978 and 2010 projections on energy consumption and supply
and demand.
Table 1: World possible energy supply and demand 1950-2050 from
(Source: Ion, 1975)
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