Economics of Energy and Environment Essay Example | Topics and Well Written Essays - 3750 words

Economics of capacity and Environment - Essay casingThe remaining amount of fuel had been utilised for efficiency motives. It has been observed that the consumption of goose egg in the UK disappear to its lowest level in the years2010 and 2011 compared to the year 1984. This decrease in energy has been conceived due to the reduction of 18% in the utilisation of gas. From the year 1970, there has been a change in the consumption of fuel from substantial fuels to fuel mix from 46,120 million tonnes to 2,437 million tonnes of oil in the year 2011. The consumption of fuel has been substituted by gas which increased from 14,408 million tonnes to 42,378 million tonnes of oil similar from the year 1970 to 2011. The consumption of electricity is alike observed to have increased by a considerable extent i.e. by 65% which is equivalent to 27,334 million tonnes of oil (Crown, nothing Consumption in the United Kingdom 2012). The industrial sector is responsible for(p) for consuming n early 40% of energy which amounted to around 62,333 thousand tonnes of oil equivalent. On the other hand, the house servant sector and transport are perceived to be utilising nearly 24% and 18% respectively. Other users including commonplace administration, agriculture and commerce are observed to be using 12% of energy. Furthermore, 7% of the energy was consumed for non-energy motives (Crown, Energy Consumption in the United Kingdom 2012). Domestic Energy Consumption From The Year 1970 To 2011 Source 1 (Crown, Energy Consumption in the United Kingdom 2012) In the year 1990, it has been perceived that the industrial sector consumed around 24% of energy which signifies that there was fall in energy consumption in the industrial sector as compared to the period of 1970.... This essay stresses that the theaters are also required to adopt innovative and certified household electrical appliances and products with the intention of better utilisation of energy. Moreover, households are r equired to adopt latest products which are energy efficient with the motive of ascertaining that energy is consumed at a minimum level. The households are required to acquire technologies which evanesce carbon in a minimised manner. Furthermore, these innovative and low carbon emitting technologies will facilitate households with better designer as well as money saving opportunities. The increased price of energy will rise households to acquire more innovative technologies for producing renewable sources of energy. This paper makes a conclusion that it can be compass that the prices of energy is likely to increase for households, as the current market prices only pay for returns to existing energy production. By raising the regulation and costs of existing energy production, and providing grants and subsidies to encourage the adoption of new technology, the regimen is rebalancing the costs of energy consumption more in favour of low carbon technologies. In the keen-sighted run, combined with technological developments making such technologies more affordable, and regulations requiring that they are used, there will be a shift toother non-renewable sources of energy in order to improve energy efficiency, preserve energy for future consumption, as well as reducing carbon emission.