Energy synergy

 
Last Updated: Saturday 04 July 2015

-- In a worldwide search for sustainable development, the energy sector seems to be a viable target for radireform. Even in the dominant coal-fired power industry, much thought has gone into reducing carbon emission for unit power generation. The OECD countries, over this century, have shown a good result on that count. B, fiscal manipulation turns out to be the most effective tool for reaching an efficient power consumption pattern. Environmental economists all over the viorld have recommended an end to energy subsidy that only encouragM more consumption and hence, more carbon emission. The developing countries, though a bit late, have als started pricing adjustments of energy. Countries like Argentina and Chile hope to achieve an efficient price AD 2000, while Nigeria, Turkey and Pakistan will keep subsidising wasteful and cheaper electricity.

While looking for a radical solution towards energy efficiency, a Chinese study reveals an interesting possibility of reducing energy consumption by 37 percent just by changing the product mix of the country.

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