Challenges to Energy Security - Is a demonization of conventional energy production under current global trends beneficial?: Difference between revisions

Challenges to Energy Security - Is a demonization of conventional energy production under current global trends beneficial? (view source)

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 The inevitable interdependence and cause of severe concern created by the process of globalisation, however,  becomes highly apparent in the field of energy supply. The [http://en.wikipedia.org/wiki/International_Energy_Agency International Energy Agency (IEA)] suggests that with a world population of then 8,5 million people energy demand will double by 2030. In 2005 the Hamburger Weltwirtschaftsinstitut (HWI) presented a study by which the future demand for oil grows by 1.7 % annually and the demand for gas by a whopping 2.4% a year should global economies retain their growth rates. Whether or not the [http://en.wikipedia.org/wiki/Oil_reserves reserve ranges] in that study (42 and 63 years respectively) are accurate it is probable that both will lose their profitability within this century.
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 This presents the world with wide ranging questions and challenges on which paths are to be taken in order to guarantee a secure and cheap energy supply.