Professional Documents
Culture Documents
OE00036
VI SEMESTER
Overconsumption
It is proven that the energy crisis is a result of general overconsumption.
Overconsumption of fossil fuels like coal, oil, and gas, but also other non-
renewable sources like uranium.
Based on some research, at the current rate of consumption, oil will be the
first fossil fuel to run out; there would be between 40 and 60 years of proven
reserves of conventional oil; Natural gas could be exploited for another 70
years: for coal, there would be around two centuries of reserves.
Overpopulation
World’s population should reach nearly 10 billion people in 2050.
According to the International Energy Agency (IEA), global energy
demand could increase by more than 50% by 2030 in the absence of
public policies in this area.
The fact that experts are claiming there are too many people on our
planet is terrifying, because we do not have enough food and fuels for
all our needs.
And no matter what type of products we are talking about, they are
all made with raw materials that drained our energy resources .
Aging Infrastructure
Major accidents like pipeline burst and natural calamities like the
eruption of volcanoes, floods, tornados , tsunamis, earthquakes and
similar catastrophic disasters may also cause interruptions to energy
supplies.
These events have the power to create a big gap between demand
and supply of power, which can raise the price of energy and lead to
inflation
Wars and Attacks
Duringthe 1990 Gulf war when the price of oil reached its peak
causing global shortages and created major problems for energy
consumers.
Unexplored Renewable Energy Options
Mostof the energy comes from non-renewable sources like coal and
remains the top choice to produce energy.
Renewable energy sources can reduce our dependence on fossil fuels and
also helps to reduce greenhouse gas emissions.
Miscellaneous Factors
First
thing is to remember to switch lights off when you are not in the
room, and the second thing is to install new technology that will help
you control the intensity and brightness of the lights.
Energy audit is a process that helps you to identify the areas where your
home or office is losing energy and what steps you can take to improve
energy efficiency.
Energy audit, when done by a professional, can help you to reduce your
carbon footprint, save energy and money, and avoid energy crisis.
Energy simulation software can be used by big corporates and
corporations to redesign the building unit and reduce running business
energy costs.
Engineers, architects, and designers could use this design to come with
most energy-efficient buildings and reduce carbon footprint.
Common stand on Climate Change
Energy conservation and efficiency measures reduce the demand for energy
development, and can have benefits to society with improvements
to environmental issues.
Political and regulatory barriers
Because many producers prefer to keep initial investment costs low while
maximizing profits, high costs of investment remain a significant barrier to
implementation of sustainable renewable energy solutions.
Further, the high levels of subsidies on fossil fuels in some countries raise unfair
competition to renewable energy technologies.
For example, Malaysia is one of the countries with the highest level of subsidies on
fossil fuels, and as a result, renewable energy technologies are economically weak
to compete in the markets . This means that because there are many incentives to
acquire fossil fuels than renewable energy in most countries, many people still
stick to the use of what most favours them, fossil fuels.
Market-related barriers
Initial investment costs for renewable energy systems are usually high. Consequently,
market prices for these systems remain high and unaffordable to many potential
customers, especially in the developing countries .
This is because the total production cost of renewable energy also become relatively
high compared to fossil fuels, and therefore, market prices for renewable energy remain
relatively high.
In most cases many people prefer to go for cheaper options, renewable energy
technologies, therefore, suffer unfair market competition from fossil fuel technologies
whose establishment and operational costs are usually subsidised.
In connection, other factors that make renewable energy technologies less competitive
or unavailable in the markets include: lack of successful and replicable renewable
energy business models to help turn small-scale projects into commercial businesses ;
inconsistent biomass supply in some areas like Europe ; lack of market for renewable
energy; and the high and fluctuating prices of renewable energy in some countries like
China.
Geographical and ecological barriers
Geographical location and natural conditions in a region can be a form of barrier to
renewable energy development.
For example, the incidence of solar energy on the surface of the earth is dependent on
geographic location, therefore, in some countries like India where solar and wind energy
are sporadic, solar power is sporadic too .
This, therefore, limits the people of such regions from the use of solar energy as it will
not be reliable.
Additionally, as human population increases, natural resources and renewable
energy resources have continued to get scarce .
Consequently, renewable energy resources have become expensive to obtain and
therefore expensive to produce renewable energy which then becomes unaffordable to
the consumers.
This in effect hinders renewable energy technology development in some countries.
Energy Resources and Classification
An energy resource is something that can produce heat, power life, move objects, or produce
electricity.
Matter that stores energy is called a fuel.
1. Based on Usability of Energy
(a) Primary Energy Resources : Embodied in nature (either found or stored in nature) prior to
undergoing any human made conversions or transformations.
Coal, Crude Oil, Sunlight, Wind, Running Rivers, Uranium, natural gas, and biomass (such as
wood)
Generally available in raw forms – Raw energy Resources
Located, Extracted, Explored , Processed and converted to a form required by the consumer.
Thus some energy is spent in making the resource available to a user in a usable form.
Energy Yield Ratio = (Energy received from raw energy source)/ (Energy spent to obtain raw
energy source)
Resource – Energy ratio is fairly high – Considered worthy of exploration
(b)Secondary Resources – Form of energy which are finally supplied to a consumer for utilisation
2. Based on Traditional Use
a. Conventional energy resources - being traditionally used for many
decades and were in common use around oil crisis of 1973 are called
conventional energy resources
fossil fuel, nuclear and hydro resources.
There are a number of countries leading the way with this, by generating a
significant proportion of the energy they use from renewable sources.
Iceland
Norway
Kenya
Uruguay
Germany
China
UK
USA
Leading countries in installed renewable energy capacity worldwide in 2019
India is the world's fifth-largest energy economy; Ranked 3rd on renewable
energy
Among the top countries who are investing in, partially using or have plans to use
renewable energy in the near future, the USA is ranked 1, followed by Brazil and
India
Energy economics studies energy resources and energy commodities, and includes:
forces motivating firms and consumers to supply, convert, transport,
use energy resources, and to dispose of residuals; market structures and regulatory
structures; distributional and environmental consequences; economically efficient use.
Indian renewable energy sector is the fourth most attractive renewable energy
market in the world.
India is ranked fourth in wind power, fifth in solar power and fifth in renewable
power installed capacity as of 2018.
As of October 31, 2020, the installed renewable energy capacity (how much
electricity can be generated) stood at 89.63 GW, of which solar and wind
comprised 36.31 GW and 38.26 GW, respectively. Biomass and small hydro
power constituted 10.14 GW and 4.74 GW, respectively.
By December 2019, 15,100 megawatts (MW) of wind power projects were issued,
of which, projects of 12,162.50 MW capacity has already been awarded.
Market Size
Power generation from renewable energy sources in India reached 127.01 billion
units (BU) in FY20.
With a potential capacity of 363 GW and with policies focused on the renewable
energy sector, Northern India is expected to become the hub for renewable
energy in India.
watt-hour
The watt-hour is a unit of energy equal to one watt of output for an hour.
It is equal to 3,600 joules.
While the watt is the SI unit of power, electrical power consumption is usually
measured in Kilowatt-hours for a household. Electrical energy generated by a
power plant is often measured in TWh (over the course of a year).
1 Wh= 3.6 x103 joules
1 kWh = 3.6 x 106 joules
Major energy production or consumption is often expressed as terawatt-hours (TWh)
for a given period.
A terawatt-hour is a unit of energy equal to outputting one trillion watts for one hour. It
is equal to 3.6x1015 Joules.
This value is large enough to express annual electricity generation for entire countries,
and is often used when describing major energy production or consumption.
Investments/ Developments
According to the data released by Department for Promotion of Industry and
Internal Trade (DPIIT), More than US$ 42 billion has been invested in India’s
renewable energy sector since 2014.
New investment in clean energy in the country reached US$ 11.1 billion in
2018.
Some major investments and developments in the Indian renewable energy sector
are as follows:
• In October 2020, post approval from NITI Aayog and the Department of Investment and
Public Asset Management, NTPC set up a wholly owned company for its renewable
energy business—NTPC Renewable Energy Ltd. NTPC is targeting to generate ~30% or
39 GW of its overall power capacity from renewable energy sources by 2032.
• The Solar Energy Corporation of India (SECI) implemented large-scale central auctions
for solar parks and has awarded contracts for 47 parks with over 25 GW of combined
capacity.
• In April 2020, Vikram Solar bagged a 300 megawatt (MW) solar plant project for Rs.
1,750 crore (US$ 250.39 million) from National Thermal Power Corporation Ltd
(NTPC) under CPSU-II scheme in a reverse bidding auction.
• Adani Group aims to become the world’s largest solar power company by 2025
and. the biggest renewable energy firm by 2030.
• Around Rs. 36,729.49 crore (US$ 5.26 billion) investment was made during
April-December 2019 by private companies in renewable energy.
• ReNew Power and Shapoorji Pallonji will invest nearly Rs. 750 crore (US$ 0.11
billion) in a 150 MW floating solar power project in Uttar Pradesh.
• As of 2019, India was set to open its solar power plant, Bhadla Solar Park in
Rajasthan, which would be world’s largest solar plant with a capacity of 2,255
MW.
Government initiatives
Some initiatives by Government of India to boost India’s renewable energy sector are as follows:
• In August 2020, the government announced plans to offer land near its ports to companies for
building solar equipment factories.
• India plans to add 30 GW of renewable energy capacity along a desert on its western border
such as Gujarat and Rajasthan.
• Delhi Government decided to shut down thermal power plant in Rajghat and develop it into
5,000 KW solar park
• Rajasthan Government, in Budget 2019-20, exempted solar energy from electricity duty and focussed
on the utilization of solar power in its agriculture and public health sectors.
• A new Hydropower policy for 2018-28 was drafted for the growth of hydro projects in the country.
• The Government of India has announced plans to implement a US$ 238 million National Mission on
advanced ultra-supercritical technologies for cleaner coal utilization.
• The Ministry of New and Renewable Energy (MNRE) has decided to provide custom and excise
duty benefits to the solar rooftop sector, which will lower the cost of setting up as well as
generate power, thus boosting growth.
• Indian Railways is taking increased efforts through sustained energy efficient measures and maximum
use of clean fuel to cut down emission level by 33% by 2030.
Road Ahead
The Government is committed to increased use of clean energy sources and is already
undertaking various large-scale sustainable power projects and promoting green energy
heavily.
In addition, renewable energy has the potential to create many employment opportunities at all
levels, especially in rural areas.
The Ministry of New and Renewable Energy (MNRE) has set an ambitious target to set up
renewable energy capacities to the tune of 225 GW by 2022, of which about 114 GW is
planned for solar, 67 GW for wind and other for hydro and bio among other.
India’s renewable energy sector is expected to attract investment worth US$ 80 billion in
the next four years. About 5,000 Compressed Biogas plants will be set up across India by
2023.
It is expected that by 2040, around 49% of the total electricity will be generated by
renewable energy as more efficient batteries will be used to store electricity, which will
further cut the solar energy cost by 66% as compared to the current cost. *
Use of renewables in place of coal will save India Rs. 54,000 crore (US$ 8.43 billion)
annually3. Renewable energy will account for 55% of the total installed power capacity