Energy Crisis

There has been a sharp decrease in the Gloobal energy intensity, in 2013 after it saw steady increase in? 2008 and 2010.

Energy Crisis
Energy Crisis

Gloobal energy intensity is a worldwide total energy consumption divided by gross world product.

According to a trends released by Vital Signs, there has been a decrease of 0.19 percent in 2013.

“That may not seem all that impressive, but considering that energy intensity increased steeply between 2008 and 2010, this small decline continues a much-needed trend toward lower energy intensity, which basically means that people are using energy more efficiently.”

The report indicates that while growing economy generally correlates with growing absolute energy use, energy intensity may well decline.

According to the trends, in the 1970s, there was absolute growth?in energy use since there had been sharp growth in economies.

However, between the twin oil crises of 1973 and 1979.3 during an energy supply crisis, consuming nations tend to drastically restrict their energy consumption. But when the crisis eases, even if only temporarily, energy demand rises as efforts to boost the economy take hold.

However, in the 1990s, industrial economies started to turn to a new growth paradigm that relied heavily on service sectors.

This has not been so with energy, since that was energy-intensive than the economic model that most nations adopted during industrialization.

This resultedin decrease in global energy intensity by 13.72 percent during the decade, considered to be the largest drop in the past 50 years.




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