Energy is a key input in the economic growth of the nation, in other words we could say there is relatively a close link between the availability of energy and future growth and prosperity of a nation.
Power generation and energy consumption are a measure of economic development for any country as major sectors of economies depend upon the availability of energy resources.
The industrial growth of a nation also relies on the availability of energy. Developing countries, usually export primary products such as food, coffee, tea, jute and ores, etc. This does not give them full value of their resources. Developed countries import these items and process them to better products and export them to developing countries at much higher rates.
The significance of energy resources can’t be argued. It is universally acknowledged truth that the growth and development of a country is directly proportionate to the availability of energy resources.
The increasing global population is accentuating more stress on the energy sources worldwide. This stress subsequently is resulting in depletion of energy sources at an alarming rate. This depletion of energy sources worldwide has diverted the attention towards the renewable energy sources.
Renewable energy indeed is reliable and plentiful. Renewable energy undoubtedly could be very cheap and potent once technology and infrastructure improve. Renewable energy sources include solar, wind, geothermal, hydropower and tidal energy, plus biofuels that are grown and harvested without fossil fuels. Non-renewable energy, such as coal and petroleum, require costly explorations and potentially dangerous mining and drilling, and they will become more expensive as supplies dwindle and demand increases. Renewable energy produces only minute levels of carbon emissions and therefore helps combat climate change caused by fossil fuel usage.The list of advantages of renewable energy over non-renewable is endless.
African Scenario
This story is from the July 2017 edition of The Times Of Africa.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 2017 edition of The Times Of Africa.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Furniture - A Growth Oriented Industry
Africa constitutes 16.36% of the total world population and contributes 3% to the world Gross Domestic Product (GDP). Africa is a huge pool of population, which is projected to expand and grow rapidly. By 2050, 2.4 billion more people are expected on the planet out of which 1.3 billion are expected to be born in Africa. The majority of the world’s population growth is expected to take place in Africa. It is said that where there is population, there are enormous opportunities. Business opportunities is one the aspect of this broad spectrum of opportunities.
The Stunning Rise of Vernon Philander
“There is only one thing that makes a dream impossible to achieve: the fear of failure.”
An Amalgamation
The Conclave has become a prestigious event for Indian and African governments and industry to meet and explore new avenues of partnerships. The annual gathering enables the Indian and African leadership to take stock of the progress of the partnership and address future needs in this regard.
Ethiopia
A Landlocked Spectacle.
Student Housing, A Virgin Market
Ever got fascinated by a rich man passing by? His expensive suit, charming wrist watch, expensive mobile phone, utter royal grace.
The End Marks A New Beginning...
“what africa does with agriculture is not only important for africa: it will shape the future of food in the world.” – akinwumi adesina, President of the african development Bank.
A Pristine Paradise
It is a place immortalised by various animated Disney movies – clean blue water oozing freshness, calm cool breeze soothing your soul, natural sceneries with colours in their purest form, and lemurs, with their wide, reflective and even eerie eyes. An abode on the wish list of every globetrotters’ itinerary – it is unlike a place you have ever been. It is Madagascar!
Leading The Industry With Innovation
Interview with Mr. Abbad Reda, Chief Information Officer of MTN Ghana
Make Way For Germany
Africa has traditionally been a market where the Chinese and the Indians have flourished. While India’s trade with Africa increased from $25 billion in 2006 to about $70 billion in 2016, China continues to remain Africa’s biggest trading partner.
Egypt , a Dream in the Desert
The Arab republic of Egypt, a democratic republic, commonly known as Egypt's is a silent beauty. This nation is one of its kind. Its beauty lies in its culture and heritage. Egypt may not have many natural attractions but man has surely made its mark by building one of the most unique structures that is; the pyramids.It is mostly comprised of desert area. Trees, forests,and tropical areas are rare here. It can get as unique as possible; it is situated on the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Hence it is called a transcontinental country.
