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Energy Consumption and Distribution

For as long as the global economy continues to operate on the basis of the limited energy and material supplies, its future prospects will be bleak. There are two incontrovertible reasons for this. Firstly, supply of fossil and mineral resources are limited; and secondly, the processes in which these resources are used inevitably also overstretch, damage and even destroy those limited planetary resources on which our lives depend: water, land and atmosphere. With respect to energy consumption, this second reason has become literally a burning issue. The fundamental economic reality of fossil fuels is that such fuels are found only in a relatively small number of locations across the globe, yet are consumed everywhere. The economic reality, by contrast, is that solar resources are available, in varying degrees, all over the world. Fossil fuel and solar resource use are thus poles apart – not just because of the environmental effects, but also because of the fundamentally different economical, logical and differing political, social and cultural consequences. These differences must be acknowledged if the full spectrum of opportunity for solar resources is to be exploited. Therefore, this study concentrates on solar power as a renewable source of energy. It has many benefits compared to fossil fuels. It is clean and green, non-polluting and everlasting energy. For this reason it has attracted more attention than other alternative sources of energy in recent years. Many energy economists say that solar energy is going to play an increasingly important role in all our lives. To highlight the importance of such a source of energy becomes not only important but also inevitable.