Energy is a key input in the economic growth of the nation, in other words we could say there is relatively a close link between the availability of energy and future growth and prosperity of a nation.
Power generation and energy consumption are a measure of economic development for any country as major sectors of economies depend upon the availability of energy resources.
The industrial growth of a nation also relies on the availability of energy. Developing countries, usually export primary products such as food, coffee, tea, jute and ores, etc. This does not give them full value of their resources. Developed countries import these items and process them to better products and export them to developing countries at much higher rates.
The significance of energy resources can’t be argued. It is universally acknowledged truth that the growth and development of a country is directly proportionate to the availability of energy resources.
The increasing global population is accentuating more stress on the energy sources worldwide. This stress subsequently is resulting in depletion of energy sources at an alarming rate. This depletion of energy sources worldwide has diverted the attention towards the renewable energy sources.
Renewable energy indeed is reliable and plentiful. Renewable energy undoubtedly could be very cheap and potent once technology and infrastructure improve. Renewable energy sources include solar, wind, geothermal, hydropower and tidal energy, plus biofuels that are grown and harvested without fossil fuels. Non-renewable energy, such as coal and petroleum, require costly explorations and potentially dangerous mining and drilling, and they will become more expensive as supplies dwindle and demand increases. Renewable energy produces only minute levels of carbon emissions and therefore helps combat climate change caused by fossil fuel usage.The list of advantages of renewable energy over non-renewable is endless.
African Scenario
This story is from the July 2017 edition of The Times Of Africa.
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This story is from the July 2017 edition of The Times Of Africa.
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