Global Energy Consumption
Energy consumption is the measurement of power or energy used per unit of time. Every one of us will agree that energy consumption is very important in our day-to-day life. It has become a norm for all of us to use some form of energy to carry out our day-to-day activities. Energy consumption will either be consumed about time or power. In the case of power consumption, it is usually measured in units of watts per hour. For example, if your computer uses 100-watt hours then your computer will be considered to be consuming power in kilowatt-hours.
Every one of us will agree that there are two types of energy:
external and internal. Externally, we can talk about wind, sun, and other forms of non-renewable energy. These sources will either be consumed or non-consumed. The process of consuming energy is known as primary consumption and is done when we consume electricity from an electric supply or from any other source that is capable of creating electricity for us. On the other hand, the process of creating electricity is called secondary consumption.
In the past, the sources that were responsible for generating electricity were mainly coal,
gas and oil. However, with the recent developments in alternative sources of energy, most of the countries are now taking renewable sources of energy for instance solar, hydro, geothermal, and biofuels. In the same way, the sources that will soon replace fossil fuels are wind, wave, tidal, and biomass. As the number of renewable sources of energy is increasing significantly, the prices of fuels like coal, gas, and oil are reducing gradually but remain stable. According to the reports of the European Union, by the year 2030 new electricity markets will open up around the globe.
In the coming years,
most of the countries will generate most of their electricity consumption from renewable resources which will lead to an increase in energy demand. This means that the price of fossil fuels will decrease. However, the decreasing price of fuel will not directly help the transport sector as it will only help with the electric power sector. If the demand for the energy produced by the electric power sector increases, the cost of the fuel will decrease consequently.
Most of the countries in the OECD countries have a fairly high share of non-hydro electric resources.
Therefore China, India, and a few other old countries can supply a good amount of non-hydro electric energy. The countries that are dependent on hydroelectricity can also increase their share in non-hydro energy consumption. This will be a positive sign for the rest of the world as well. On the contrary, if the non-hydro sources are increased, the electricity demand of the countries will decrease. This will harm china since they are the ones who are mostly responsible for providing non-hydro electricity to the countries.
In the future, there will be a radical change in the way things are done in global energy consumption.
Many countries will rely on non-hydro sources and will not provide any assistance to hydroelectricity. Many countries do not follow efficient energy efficiency standards and are still dependent on non-hydro sources. It is time for all of these countries to change their ways and make better use of renewable sources of energy like wind, solar, and bioenergy.