Energy intensity or energy per unit of GDP is gradually declining as the economy changes. We are able to use less energy for growth, which is a good sign. However, differences still remain between countries and different countries have vastly different energy intensities. The future projection, however, shows a continuing declining trend.
Author: Siddharth Kalla
India had announced an ambitious solar energy plan to produce 20GW of solar energy by 2022. The plans are already underway and the private sector is taking the lead in developing new solar plants. If everything goes as planned, India will be one the leading producers of solar energy in the world, overtaking even the United States in a decade.
Small scale energy harvesting may not be as popular but might be the perfect solution to the energy crisis we face. If households can harvest their own energy, there is no need of huge power stations. One immediately obvious benefit is the reduction of transmission losses.
Electronics recycling is the need of the hour with the exponential increase in sales of new electronics and the problem of disposing them safely. It not only makes good environmental sense but also economic sense, as statistics show.
India is well suited for solar energy because of its geographic location, but now this emerging regional power is taking proactive steps towards this goal with the help of favorable policy which should help the industry grow significantly in the coming years.
If a new technology employing Uranium-238 should succeed, we could see the energy crisis solved within our lifetimes. By using the spent nuclear fuel from existing reactors and the uranium from the earth’s crust, this novel technology has the potential to power the world for centuries to come.