Examine the Advantages and Disadvantages to the Possible Future Responses to the World’s Energy Crisis (15)

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There is a growing crisis over the world’s energy resources to try and find sustainable solutions to the world’s problems. There are 3 responses to help cover the crisis; Business as usual, Multi-energy solution and energy conservation. The business as usual scenario involve the world to keep using the fossil fuels and the International Energy Agency predicts that fossil fuels will still dominate energy into 2030, which cancels out the predictions of fossil fuels running out by then with the growing population and the rapid development of nations such as China and India. This solution would involve natural gas consumption doubling and oil to increase by 1.4 billion barrels a day. There are a number of advantages and disadvantages to this solution. One advantage is that that development will continue without constraints which mean countries won’t have to spend time and money on developing any sustainable solutions, they can just continue with fossil fuels and develop as nations which would increase economic growth and the wealth of the countries would increase. Another advantage would include that it is very costly to switch to a sustainable solution because the energy will need to be collected and stored and would need to be implemented around the whole country which costs a lot, and for developing nations this would mean that they can’t use that money for better purposes. Disadvantages would include fuel cost increasing. Because of the growing demand from developing nations and the increasing populations within countries, this would mean a higher price because supply is running out so eventually only the rich countries would be able to afford the oil. Also, as it is such a necessity good, consumers are willing to pay any price to get the oil or resource. Another disadvantage is that global warming would accelerate faster. With this response, more fossil fuels are being burnt, hence increasing the amount of carbon dioxide in the air which would enhance the...
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