As the term is self-explanatory, energy crisis refers to an identifiable crisis or shortage in the supply of resources of energy to the world population at large. It is an acknowledged fact that with the exponentially increasing population, the need for resources increases too. The availability of energy resources is at times not enough to cater to such a huge population unremittingly and that calls for a situation of Energy Crisis. It is a major issue, and the only way such a global issue can be taken care of is by us acting as global citizens and looking into the reasons for such a crisis. Only an insight into causes of an issue can lead us to formulate the remedial measures for the effective eradication of the same.
What are the major reasons for Energy Crisis in the world?
Although we are talking about Energy Crisis in the World, it is not the world that suffers at once since what is witnessed most of the times is a localized shortage. The reasons for the energy crisis range from being as simple as reckless over-use to a more complex picture such as market manipulation or wars. It is also argued on a regular basis that factors like actions of the government such as price hikes, regulation of the energy sector, nationalization of energy, or shift supply are the major factors for energy crisis around the globe.
Energy crisis thereby undoubtedly puts forward a situation that seems extremely dangerous even on imaginary grounds for mankind. The incessant usage of fuels since time immemorial by a population that is tremendously increasing only leads to a shortage of fuels. This is the simple logic that plays its part in energy crisis around the world.
Why is it important to understand the reasons behind the energy crisis?
It is a well-noted fact that solutions to an imposing problem can only come once the root of its causes is explored well. Hence, if we dream of a world that doesn’t witness energy crisis, or witnesses it with lesser gravity, we need to identify the reasons for energy crisis and implement measures that will be helpful.
A comprehensive understanding of the causes will lead us to implement better strategies and we will be able to make this world a better place to live in. Sustainable development is the need of the hour and energy crisis needs to be resolved in order to reach major sustainable development goals.