Evaluate the transition from oil based world economy to an economy driven by alternative energy sources

Evaluate the transition from oil based world economy to an economy driven by alternative energy sources Essay example
High school
Essay
Engineering and Construction
Pages 10 (2510 words)
Download 0
Name: Instructor: Course: Date: Evaluation of the Transition from Oil Based World Economy The source of energy is one of the biggest challenges facing the globe today. There has been a heavy dependency on oil in almost all sectors of economies the world over such as transport, manufacturing and household use among others…

Introduction

Further, there have been adverse effects on the environment from using oil. In the last fifty years, industrialization across the world has led to increases in carbon emission, depletion of the ozone layer, melting of ice caps and a general decrease in the quality of life. Besides this, oil is a non-renewable resource. This means that its quantities on earth are limited and will at some point be depleted. This makes the use of oil as a source of energy unsustainable and unreliable. Herald (12) uses the phrase ‘Peak Oil’ to describe the time when the world will reach its peak oil production. This will subsequently lead to decline in oil production and the rise in oil prices, causing a significant, yet unpredictable impact. At the moment, some of these consequences are already being experienced in the world. The amount of oil being produced surpasses the amount of new oil supplies being discovered. This indicates that the peak oil stage is fast approaching. With these facts in mind, there is a greater need to shift the world economy to one that is dependent on renewable energy sources that can be replenished and which do not harm the environment. ...
Download paper
Not exactly what you need?

Related papers

Alternative energy sources: costs and benefits
Muscle power was produced through the muscles of animals and humans; this power was used in harvesting and other areas where muscles were needed. All these energy sources required solar energy or sun light in order to be able produce. The importance of solar energy can be recognized through the period when this form of energy was used for the production of crops, growing trees, and other various…
Alternative Energy
Proven Alternative Energy Sources Several kinds of renewable and clean sources of energy such as wind, solar, geothermal, hydro, biomass energy are now available. Each alternative source has its own characteristic importance depending upon geographical possibilities for its production. It will be most appropriate to delve deeper into each one of these sources. Wind Energy Wind energy is available…
Alternative Energy
The alternative energy source should enable humans to reduce carbon dioxide emissions. The energy sources should be capable of meeting the energy needs of the current society without compromising the needs of the future generations. Additionally, the sources should be cheaper than the existing sources to reduce the cost of production that industries have to undergo. This paper focuses on…
Providing 20% of energy from renewable sources for the Potsdam,Berlin Germany Project
The endeavor to provide a percentage of the energy from renewable sources can be triumphant by putting in place, blueprint parameters that require a reduced amount of energy use. Background information The aims of designing buildings that are thermally insulated is basically maintain a contented and sanitized room temperature especially during low temperatures . Fortification against damages from…
alternative energy source, technology, or energy storage method
The roar of new energy alternatives can be heard throughout the globe but strings attached to them do not motivate governments and concerned authorities to take further measures. Some of the ideas however are exclusive and require expensive machinery to produce energy (Kuo, 36). The objective of this paper is present hawk-eye view regarding the production of energy through alternative sources. The…
Alternative Energy
Its biggest advantage is that it is virtually maintenance free and absolutely reliable, because of the absence of moving parts; it is designed for ease of assembly, use and maintenance. Its yet another significant benefit is that, it offers an option for nations to rid themselves of avoidable dependence on oil for fulfilling their gross energy needs. It is a nascent technology possessing the long…
Renewable energy systems (except wind and hydraulic) all other renewable energy sources
I’m thankful for the constant moral support of my friends and family without which this work would have been impossible. Muhammad Asif Chowdhury Student ID: 17448316 Master of Electrical Engineering, University of Western Sydney Table of Contents Abstract……………………………………………………………………………. 5 1-…