Future Energy Generation ScenarioCourse: Management Information SystemInstructor: Dr. Prithwis MukerjeeSubmitted by-Manoj Kumar Singh ± 10BM60046MBA, Class of 2012VGSoM, IIT Kharagpur Abstract-
With climate change posing a threat to earth's survival Green energy production is theway forward. This paper will discuss future scenario of energy production. It will throw light on some of green energy production methods that will be relevant in future such as orbiting solar arrays,enhanced geothermal systems, carbon capture and storage, energy from waste, offshore wind farmsetc. As the world is gearing to brace green energy generation technologies, this paper discussesthese technologies from their financial perspective and future scope.
industrialization in last century has come at the cost of deterioration of the environment. Sincemid 20
century the average temperature of earth is constantly rising. As per a report bythe Intergovernmental Panel on Climate Change (IPCC), earth¶s temperature increased0.74 ± 0.18 °C during the 20th century. This increase in average temperature of earth hasbeencaused by increasing concentration of greenhouse gases(GHG) such as Carbon dioxide, Methane,Ozone, CFCs etc., which result from human activity such as burning of fossil fuels and deforestationetc., in the atmosphere. As per latest IPCC report, the global surface temperature is likely to rise afurther 1.1 to 6.4 °C during the 21st century. This has resulted in serious climate change issues andposed a big question mark on the survival of future generations.To mitigate the challenges of global warming and other climate change issues, most countrieshave agreed to reduce their GHG emissionsby different levels. Under the Kyoto Protocol, 39industrialized countries and the European Union(called "Annex I countries") committed to reduce four