Dealing With The Global Energy Crunch

(Gloucestercitynews.net)(February 11, 2020)–Since a very young age, we have learned how we could classify energy resources into two categories- renewable and non-renewable. To jog your memory up, renewable resources of energy are those sources of energy that can be renewed or replenished. Non-renewable sources of energy are the ones that once depleted can never be brought back. The world has come to the point of a massive energy crunch, and there is an urgent need of addressing this extremely pressing issue at hand. Renewable sources of energy or not, nothing lasts forever. Just because we have been taught from early on that renewable sources of energy have the power of replenishing themselves, it does not assure us that we can deplete the Earth of its reservoirs. Human beings have done enough to push the planet to the abyss of darkness, and now is the time to act responsibly and take up the mantle to repair the damages. In light of the topic, it is essential to mention the ways in which Latin-America is trying to mitigate the energy crisis. Their ideas are unique, fresh, and the people seem to have taken the cause of energy and climate emergency personally. When you think about it, this is how the approach should be in every other part of the world. We might be doing all that we can in our own little ways to address the issue, but perhaps it would do us good to learn a thing or two from Latin-America.

Increase In Mergers And Acquisitions In The Energy Sector:

One of the most noteworthy actions of the countries in Latin-America is that the number of mergers and acquisitions dealing with the energy crisis has doubled over the past couple of years. Industries and business organizations have become mindful of their actions and are trying to put pen to paper in a bid to take measures that can mitigate the crisis. This is definitely a step that should be taken note of. In a world where industries and factories are only hell-bent in coming up with newer technologies and in the process are sabotaging the condition of the atmosphere, a move as such by the Latin-American countries is definitely a welcome relief.

Countries Are Trying To Limit The Carbon Di-Oxide Emissions:

The countries in Latin-America are ceaselessly trying to reduce the carbon emission, which is what primarily leads to the depletion of the ozone layer. Also, with an excessive expenditure of carbon dioxide, you slowly start depleting the reservoirs of the planet’s energy. Therefore, we are not only harming the Earth’s climate but also exhausting its energy resources. We could all take notes from the countries in Latin-America that are trying to reduce the carbon emissions every day. The governments in these regions are also a step ahead in dealing with the energy crunch by offering investors models of low-risk energy to invest in.

Optimal Usage of The Energy Resources:

It is one thing to figure out ways to save energy and then put the energy into better uses in the future, and a completely different ball game to optimally use the already existent energy resources. The countries in Latin-America are already rich enough in oil and various other sources of energy. However, they are just better than some of their other counterparts in putting these resources of energy to optimal uses. Norway, in some ways, shares the same gene with Latin-America. For instance, they have some of the best plans for electricity and the people in Norway take the efforts to subscribe to the plans that can save several units of energy. Take a look at the website of

this Norwegian power company

to understand what they have got to offer to their people.

Conclusion:

We are definitely in the midst of severe energy and climate crisis. Some of us are smart enough to acknowledge the truth, and some do not want to face the truth. However, it is time that we come together and share the responsibility for our actions. The planet only has a few more years left to repair the damages, and we must act now before it is too late.

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