Energy and Globalization

ENERGY AND GLOBALIZATION
 ENERGY
 According to the U.S. Energy Information administration, Energy, according to scientists,
is the capacity to perform work. People have learnt how to convert energy from one form
to another and then use it to perform work People utilize energy to walk and bike, drive
vehicles on roads and boats on water, cook food on stoves, make ice in freezers, light our
homes and offices, manufacture items, and launch astronauts into space.
 It is possible to change the form of energy. Example, Chemical energy is stored in a
person's body until he or she uses it as kinetic energy during work or play.
 There are many different types of energy sources, which can be categorized into two
categories: renewable and non-renewable.
 Sources of renewable energy that can be easily renewed.
 Non-renewable energy sources that are difficult to renew or replenish
 Renewable and non-renewable energy sources can be utilized as primary energy sources
to provide usable energy such as heat, or as secondary energy sources to generate
electricity and hydrogen.
 Energy resources can be generally divided in three categories: renewable, fossil, and nuclear.
Solar and wind energy are renewable sources, but fossil fuels are non-renewable due to their
finite supply. Nuclear power is also considered non-renewable.
 Renewable energy resources are energy sources that are replenished naturally on our
planet. Hydroelectric power and biomass are two examples of conventional renewable
resources (e.g., plant fuels such as wood traditionally have been used throughout history,
mostly for heating). Wind, wave, tidal, solar, and geothermal are examples of modern
renewable energy sources.
 Fossil energy is derived from dead plant and animal deposits that have accumulated over
the planet's long history. These resources are abundant, yet they are limited and non-
renewable. Fossil fuels have met the majority of humanity's energy needs until recently.
Coal, oil, and natural gas are the most common of these resources.
 Nuclear energy resources are deposits of certain radioactive elements in the Earth's
crust. Our planet's supply of these unusual radioactive elements is limited and cannot be
replenished. Fission, the process of separating uranium atoms to produce energy, is how
it generates power. The heat released by fission is used to create steam, which powers a
turbine to generate electricity without the toxic byproducts emitted by fossil fuels.
 GLOBALIZATION
 As we already define globalization at the start of this term as a process of expansion and
intensification.
o Every Time I hear this word, development is the first thing that comes to my mind. It
is when the economy of a country or a state is growing to adapt to the changes around
the world. It is a progress that influences a lot of people and operates not just on a
single area but it expands around the world. It brings unity to places to trade and
broaden every people's perspective to open to other cultures and economies.
 Globalization is a term used to describe how trade and technology have made the world into a
more connected and interdependent place.
o Specifically, it changes the nature of economic activity among nations, expanding
trade, opening global supply chains and providing access to natural resources and
labor markets
 t has been stated in a research study entitled “The impact of sources of energy production on
globalization: Evidence from panel data analysis” that “Greenhouse gas (GHG) emission is
one of the major reasons for global warming and climate change. Among various sources
responsible for GHG emission, energy generation is found to be the leading one. Increased
economic activities facilitated by the ever-expanding level of globalization lead to substantial
accumulation of GHG in the atmosphere. “As we are now experiencing a lot of changes in
our environment nowadays, we could easily detect how it affects our daily living. The more
globalized a country is, the more it
 ENERGY RESOURCES AND GLOBALIZATION

 During most of human existence, people would go outside their house, tent, or cave;
gather some dead branches or chop down a tree; and that was their source of energy.
Only during the past few hundred years have growing numbers of people obtained their
energy from further afield, and its supply has thus become entangled in faraway locations
and events. This is particularly true of oil, but also of all the other energy types that can
be moved across borders: coal, electricity, natural gas, and nuclear fuel. These energy
interlinkages are a form of globalization that contributes to increasing interaction
between different parts of the world.
 Primary energy resources like oil and gas are indeed unevenly distributed around the
globe, raising the necessity of transporting them over long distances from the production
well to the refueling` station down the road or to the gas stove in our kitchen. Likewise,
electricity systems are also based on a complex infrastructure linking generation plants;
either fossil fuel or renewable based – and final consumers.
 As early as 2008, global fossil production is low (Balaam, 2013). Based on the average
annual OPEC crude oil price from 1960 to 2018, 52.51 is the average price per barrel.
Experts predict major shortages of oil and higher gas prices. However, some companies
are now backing off from investing in liquefied natural gas (LNG) production since
natural gas prices decline while others are attempting to slow down the long-term shift to
sustainable energy. Some people in the industrialized nations are beginning to feel the
damaging effects of natural gas production on their local environment and their
community's social fabric. As has been the case in many developing nations, what was
once thought of as a blessing is now turning into a resource curse
 EXAMPLES:
 The proliferation of natural gas vehicles (NGVs) has created interactions between
the natural gas and oil markets, and power generation from coal, natural gas,
nuclear power, hydropower, and small renewable energy sources are all these.
Brings a type of energy in contact with the same grid
 In terms of trade volumes, the biggest change is that renewable energy
significantly reduces the volume of energy sources shipped across the globe.
 Renewable energy can supply two-thirds of the total global energy demand, and
contribute to the bulk of the greenhouse gas emissions reduction that is needed
between now and 2050 for limiting average global surface temperature increase
below 2 °C. renewable energy usually tops the list of changes the world can
implement to stave off the worst effects of rising temperatures. That's because
renewable energy sources such as solar and wind don't emit carbon dioxide and
other greenhouse gases that contribute to global warming.
 Energy thus contributes to the globalization of the world, but has received little attention
in the globalization literature.
 Energy resources are transported long distances and create powerful interlinkages
between countries that's why energy is receive little attention in globalization
literature.
 Population increases compared to resources.
 Developing countries with larger sample may help compare and contrast the effect of
sources of energy on globalization.

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ENERGY AND GLOBALIZATION

 ENERGY RESOURCES AND GLOBALIZATION

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