Over the last few decades, energy needs have skyrocketed, especially because of the transportation and industrial sectors. As we know, fossil fuels are polluting, and their reserves are limited, as we all know.
We also know that these resources are very close to exhaustion, and our society is going to face a major challenge: the energy crisis.
What is the energy crisis?
The energy crisis is the end of the cycle of oil, gas, and coal. as well scientists had raised their voices to warn about climate change, caused notably by the burning of oil and coal in order to produce fuel.
Energy crisis causes.
5. OVERCONSUMPTION
At the current rate of consumption, the oil will be the first fossil fuel to run out., there would be between 40 and 60 years of proven reserves of conventional oil According to projections.
4. OVERPOPULATION
Energy demands are and will be amplified by the demographic – the world’s population should reach nearly 10 billion people in 2050 – and the economic boom of growing areas.
According to the International Energy Agency (IEA), global fuel demand could increase by more than 50% by 2030 in the absence of public policies in this area.
3. AGING INFRASTRUCTURE
Poor infrastructure for power-generating equipment Most energy-producing companies keeps on using outdated equipment that limits fuel production. This is another reason for fuel shortages and scarcity.
2. ENERGY WASTE
The unnecessary use of energy resources is considered a waste of fuel sources, especially fuel and electricity. The power need of the hour is to take action both on an individual and collective level.
1. ENVIRONMENTAL
The massive use of traditional power sources leads to an increase in greenhouse gas emissions, such as carbon dioxide (CO2), resulting in global warming and harming the environment and biodiversity.
Energy crisis solutions
without renewables, there is no future
1. Making renewable fuel technology a global public good
Making fuel available to all, not only the wealthy, makes it essential for us to remove roadblocks to knowledge sharing and technological transfer, including barriers to intellectual property rights.
2. By Improving global access to components and raw materials
The supply of renewable fuel components and raw materials is very essential. and widespread access to all the key components and materials so that every nation can produce wind turbines and electricity networks, for electric vehicles, and it will become the key to unlocking global supply.
3. By Shifting fuel subsidies from fossil fuels to renewable energy
One of the biggest financial barriers is fossil fuel subsidies, which are hampering the world’s shift to renewable fuels.
The International Monetary Fund (IMF) says that about $5.9 trillion was spent on subsidizing the fossil fuel industry in 2020 alone, including through explicit subsidies, tax breaks, and health and environmental damages that were not priced into the cost of fossil fuels. That’s roughly $11 billion a day.
