Energy Risk Management

Energy is vital for not only economic development but also health. In the developing countries, governments should make efforts on decreasing energy poverty that have negative impacts on economic improvement and public health. The number of people who currently uses modern energy should rise as the developing world governments take actions to reduce social costs and to increase social benefits by gradually spreading modern energy to their people in rural

No. 37 talks about government must be at least as energetic and strong as the one put foreword to be, they must look for the false and negativity of the existing government. Madison wrote, Energy in government is essential to that security against external and internal danger and to that prompt and salutary execution of the law, which enter into the very definition of good government. Stability in government is essential to national character. . . On comparing, however, these valuable ingredients with the vital principles of liberty, we must perceive at once the difficulty of mingling them in their due proportions." Madison talks about the hardships that lingered over certain issues such as the power of state over the freedom of the

In order to promote energy supply and economic development, which is the core of this paper, the author argued that the idea behind the project was not to tap the energy from the sun to electrify these remote communities. Rather, it was geared towards installing small solar panels that were not much bigger than an iPad to power the basic appliances (light bulbs, cell phone, and other basic necessities that can alter people’s lives) in those homes (2015). This demonstrates the economic as well as the energy efficiency side of this study, which I believe Hallett will accept. The author also argues that going small better fits the budget of rural Tanzanians and the money saved from buying kerosene and other oil to lighten their homes were used for other things. This concept is known as pay-as-you-go. This concept was far cheaper and affordable than what the government of Tanzania and some big energy companies were offering, the author claimed (2005).

The growing global concerns pertaining to the issue of climate change and the effect that this is having on the planet have led to growing interest in the renewable energy technologies. This is exemplified by the fact that a number of industrialized countries have over the years moved to make significant investments in developing countries aimed at developing renewable energy sources under the provisions of the Clean Development Mechanism that was included in the Kyoto Protocol (UNEP, 2008). Developing countries are investing in renewable

Access to energy is unequivocally one of the determining factors in eradicating poverty and improving socioeconomic wellbeing. On the other hand, unsustainable energy consumption has been one of the main causes leading to climate change, the depletion of natural resources, and the associated environmental damages. In an attempt to optimize the beneficial aspects of energy consumption and mitigate its undesirable effects, the United Nations included “Access to affordable, reliable, sustainable, and modern energy for all” as one of the Sustainable Development Goals (SDG). While goals are simply aspirational, in order to translate them into an achievable reality, targets must be set out that have the ability of adequately measuring the

The Relationship between energy independence, in the form of Energy Security Risk points, and Shale Gas Production in the United States.

Many countries have already invested in renewable energy technologies to provide electricity to their populations. Therefore, target 7.2 is being measured. For instance, De Jong, Sanchez, Esquerre, Kalid & Torres conducted research to study the efficiency of wind and solar energy in Brazil. Their results indicated that these renewable energies could manage the electrical grid requirements in “an efficient and more environmentally friendly manner than fossil fuel power plants” (De Jong et al., 2013).

Realizing that there are significant untapped market opportunities in the clean energy sector in developing countries

Energy is the driver of global economic development and prosperity [1]. It fuels the manufacturing processes; it keeps buildings warm or cool, and powers a huge array of electrical appliances from lighting and refrigeration, through to the proliferation of modern consumer electronics [2]. As nations develop and their economies grow, so too does the consumption of resources in general and energy resources in particular. Consequently, the efficient exploitation and development of a nation’s energy resources is thus of great importance to the progress and well-being of the consuming public and the overall growth of the economy [3].

Nearly three billion people worldwide rely on biomass fuels (2.4 billion) and coal (0.4 billion) burnt inefficiently on open fires or simple stoves. These traditional household energy practices have dramatic consequences for health, the environment and socio-economic development. Ensuring access to clean and efficient household energy is therefore a major and urgent challenge faced by low- and middle-income countries. Energy is a key factor for economic and social development. Worldwide, more than two billion people lack access to sustainable and modern energy technologies, (Amigun et al, 2008). In African energy sector, reform is rampant, institutional roles are shifting and new players are entering the market. Rising prices of crude oils and its related pollution which has seen decline in ozone layer has seen many countries adopting renewable methods to substitute this. Othere energy sources like electricity are still out of reach by many people. energy needs of the developing world have to be met in a sustainable manner. The invention and diffusion of green energy technologies in developing countries is one of the strategies perceived as instrumental in combating the negative effects related to the use of traditional hearths (Rwiza, 2009).

First, the energy industry as is the case with any industry is comprised of firms that have the inherent goal of profit maximization. Profit maximization for the energy sector entails selling energy with the biggest profit margin possible, something that is harder to do when the initial cost of the product is raised. From a profit maximizing perspective, firms have absolutely no incentive to use renewable energy if it costs more than polluting alternatives. Politicians also have little incentive to slow down energy production in their countries. Authors Al-Mulali and Mohammed (2015) have shown that there is a bi-directional causal relationship between energy consumption and GDP for wealthier nations, and that third world nations are more dependent on energy consumption for economic growth. Herein lies the second issue, the problem of political economy. First world nations used fossil fuels in large part to attain their elevated standards of living, and third world nations wish to catch up. The easiest way to catch up, is to burn more fossil fuels, just like the first world did. First world nations are now trying to cut global emissions, which third world nations are still very dependent on for their own well-being (Figueres 2015). Therefore, third world politicians must now choose between looking out for their citizens by bringing up their own countries’ GDPs, and the greater good, which in this case is battling climate change

This report discusses the role of energy in sustainable development goals. The report highlights on the target set by the United Nations and the time-frame given to achieve these targets. Some of the challenges hindering sustainable development especially in the poor sections of the population and measures needed to be taken have also been identified. It concludes with the primary principles and basic practices needed to be taken in order to achieve the sustainable development goals.

Rapidly increasing energy demand and growing concern about economic and environmental consequences call for effective and thorough energy governance in India. (Ahn & Gracyzk, 2012)

This paper aims to provide an overview of the seventh Sustainable development goal and associated targets in relation to energy, highlight the main issues that may arise in implementing and measuring these targets, and offering ideas to overcoming these obstacles.

Energy sector is one of the target sectors of Green Technology under the National Green Technology Policy. Various attractive incentives are given to businesses to encourage the generation of renewable