Energy Demand

This year, it is estimated that the world burns about 3.1 billion barrels of oil, 6 billion tons of coal, 1 trillion cubic feet of natural gas and produces more than 30 tons of carbon dioxide. No one really knows when the last drop of oil, piece of coal, or cubic feet of natural gas will be collected from the earth. All this depends on how much energy demand is managed and the extent to which renewable energy is being developed and used (Kolbert 349). Green energy is also called renewable energy and requires less maintenance than non-renewable energy (Ellis 66).

Energy demand in the world is steadily increasing and is expected to grow by nearly 40% over the next 20 years, which requires large amounts of coal, oil and natural gas. According to new research, the demand for renewable energy is rapidly increasing, and we have never seen expenditure on solar, wind power and other green energy projects. By 2030, the renewable energy market sector will receive about $ 5.1 trillion in investing in new power plants. Renewable energy accounts for 60% of the new generation generation capacity of 5,579 GW and 65% of the electric investment of 7,700 billion US dollars. The largest share of new renewable energy capacity is large hydroelectric power generation facilities. There is great expectation for expansion of solar energy and wind energy.

Energy is blood that promotes economic development. The more the economy develops, the more energy you need. According to world forecasts, world energy demand will increase dramatically in the coming decades. Currently, renewable energy accounts for only 20% of global consumption. However, experts say that the development of renewable energy such as water, sun, wind power, biomass and geothermal power is becoming a global trend, providing a cleaner alternative to fossil fuels . Renewable energy helps reduce greenhouse gas emissions, climate change, fossil fuel development and dependence