The economy has been sputtering for some time now, and one thing has become clear; fossil fuel costs will continue increasing. Even when power companies put their spin on it, it is obvious that they are finite resources. Whether the remaining supply is good for one century or three, what needs to happen is global energy asset management.
One of the problems with designing future power plans is the need to be all inclusive. Not only do currently developed countries need to engage, so must developing nations. This creates a dilemma that newly industrialized nations feel keenly.
It is somewhat hypocritical for nations that have already gone through industrialization to criticize those experiencing it now. Pollution from fossil fuels became a scourge as early as 1272 in England, and the smogs of London are historically famous. Europe is not alone in this phase of development, as The early American westward expansion was fueled by burning coal and wood.
The effort to improve the global quality of life makes reducing the use of fossil fuels difficult. While some believe modern civilization may not be better than a simpler approach to life, temperature control is a necessity. Transportation, medical attention and food production also speak to greater power needs as populations increase.
A city may decide that all new high rises must include solar panels, but a remote village with no power grid has few options. Progress towards non-fossil fuel sources is making headway, but distributing it fairly is another matter. The means to allow all societies access to power as needed is an essential element to global civilization.
What is certain is the need for power will continue to increase over time. As populations become more developed, their power consumption increases. As long as there are people, energy asset management will be increasingly critical to survival.
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