I think one of the biggest problems to me is mostly
about fossil fuel. Most regions, particularly developing countries are experiencing
significant energy demand growth which puts pressure on global fossil fuel
consumption. There are growing difference in distribution of wealth within many
countries and also growing middle-class in the advanced developing nations like
China and India. Growth in energy and decrease of conventional reserves of
fossil fuels will increase in prices. Fossil fuels are the cheapest forms
of energy in developing nations, especially in regions where large populations
that do not even have access to electricity. Economic growth is driven mostly
by fossil fuels.
- Fossil-fuel consumption subsidies, $312 billion in 2009 for 25 countries, are distorting price signals.
- Many of these countries were developing economies.
"Most regions, particularly developing countries are experiencing significant energy demand growth which puts pressure on global fossil fuel consumption." This is true in a lot of expanding and growing countries, but the struggle is also the same in countries like the U.S. and the U.K. The constant use of fossil fuels allows these countries to grow, yet those fossil fuels are quickly dementing. I can see this a being a potential problem in the future.
ReplyDelete"Economic growth is driven mostly by fossil fuels". Yes, its true because fossil fuels make modern life possible. These huge sources of energy work to generate steam, electricity and power transportation systems.
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