October 16, 2013
The deployment of energy is increasingly becoming instrumental in infrastructural development. The harmonizing between urban and rural populations through networks, food, energy and economy is where “Global energy meet highlights challenge of growing demand” to advance the energy mix for robust power solution.
China NewsAsia reports the nexuses of population, energy and economy when understanding, “Today, less than one-third of the world’s seven billion people consume more than two-thirds of its primary energy supplies,” Khalid al-Falih, the president of the world’s largest oil exporter, Saudi Aramco, said in a keynote address. But by 2050, a total of nine billion people will aspire to a prosperous life”
In a report released Monday built two energy scenarios — labelled “Jazz” and “Symphony” — for the world over the next four decades at the triennial congress being held in Daegu, South Korea, the World Energy Council (WEC) laid out a host of challenges posed by that population growth, coupled with accelerated urbanisation.
Under the Jazz scenario, which envisages a market-led energy policy focused on energy access, affordability and quality of supply, total primary energy supply could increase by 61 per cent by 2050.
The government-led Symphony scenario — focused on environmental sustainability and energy security — envisages an increase of 27 percent.
“But while both scenarios see a significant increase in energy access, the rate of that increase will remain insufficient. Globally, between 730 million and 880 million people will still be without access to electricity in 2030, predominantly in sub-Saharan Africa, and this figure would only decrease to 319 million and 530 million people by 2050, it said.”
The reality that under both scenarios energy accessibility is not on target. The more resources are identified with the use of technology and company’s like Google considering how to network the globe for connectivity the dualism and synergy of energy and technology collide to support the human condition for the road toward sustainability solutions.
“Under both scenarios, Asia will account for nearly 50 per cent of global energy consumption by 2050. Ensuring energy supplies will require enormous investment over the next two decades which Falih estimated at around $40 trillion. That’s virtually the annual GDP of China, the EU, and the US combined,” the Aramco head said.
“The WEC report put required investment in electricity generation alone at between $19 trillion and $25 trillion to meet demand levels in 2050. While renewable energy is projected to increase rapidly, the Council said fossil fuels would continue to dominate the global energy mix, largely due to the demand for transport fuel. As a result, both the scenarios put forward by the WEC envisage CO2 emissions well-beyond the target levels deemed necessary to meeting the UN-set target of limiting global warming to 2 C (3.6 F) over pre-industrial levels.”
The largest oil producing nations have continued to seek new innovation to the oil and gas renewable energy mix; whereas, the biggest consumers of oil and gas rest on the creation of more oil and gas solutions.
The world is in a dichotomy of energy as consumption increases and the political dialogue on greenhouse gas and climate change will underlie the platform of clean energy and global development.
The craftsmanship of an applied energy mix will rest on a sound foundation of understanding sustainability and the urban and rural development for robust resource allocations across a nation’s population mix.
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