Can growing energy demands be met safely and efficiently?
My talk today is about energy especially about energy demands. What is energy? In physics, energy is defined as the capacity to do work. This capacity is very important to our daily lives, business, and education and even for the national security. This is why it is so important for world to meet the growing demands of the energy. According to Global future studies & research stated that there are 1.3 billion people are living without electricity today, which is 20% of total population and that 2 billion of population, is expected to be added to world population between now and 2050. Moreover, countries like BRICS (Brazil, Russia, Indonesia, China, South Africa) under rapid growth of economic conditions raise the apprehension of that world might not able to meet the growth of the energy demands. This has been proven by the statement from International Energy Agency “The center of gravity of global energy demand moves decisively towards emerging economies – they account for more than 90% of net energy demand growth to 2035.” (IEA) This led us to a conclusion that it is a fact that world is going to face the complex challenges in energy sector, especially developing countries that experiencing expand of population this will demand another billions of population and moreover as country developed their living standard will be improve which will more intensify the problem of the lack of energy demands. On top of that, meanwhile the supplies of conventional oil and conventional gas are expecting to be declined in near future (OECD) Meeting those challenges might require changes in fundamental issues such as changing patterns of energy production, consumption, policies and son. From now I will going to discuss about whether it is possible to meet the growing energy demands or not.
For the purpose of this paper I will define two key terms to develop this paper.
• Energy demands: the total energy used by all of human civilization.
• Safely and efficiently: to expand energy supplies in a way that is safe, secure, affordable and environmentally responsible.
Yes, it is possible to meet growing energy demands in safely and efficiently.
Firstly, the world has to focusing on public private partnership to meet the growing demands of the energy. IEA calculated that it will cost $38 trillion to meet all energy demands for the world between now and 2035. (Lananh Nguyen & Tara Patel, 2011) This article suggested that order to meet the growing of the energy demands the $16.9 trillion will need to be spent on power-generation infrastructure through 2035. This is the place where the importance of private sector’s participation coming through. The private sector is the main engine for economic growth and development. Though PPP, it can bring additional funds to the on infrastructure it need it as well was technical and managerial experiences from the private sectors. Therefore, the partnership between private...