Friday, April 11, 2008

Fossil Fuels Finite Resources

Finite resource
The fossil fuels are likely to be completely depleted in 50 years at current consumption rates. This cheap energy which we obtain from the sub surface planet earth had taken millions of years to form but mankind is likely to exhaust this vital resource in a span of 150 (1900- 2050) years. The Middle East which has the world's largest reserves is depleting its resources. When these countries oil wells run dry they will revert back to biblical times! The cost of petroleum products have increased twofold in the last four years. India is gripped with acute shortage of electrical power and the situation is likely to worsen. Cleantech/ Greentech are the only logical saviours of the future mankind. One of the primary reasons for inflation and rising cost of products and services is mainly due to increasing cost of fossil fuels. Whatever hikes one gets from Pay Commission it cannot match/ catch up with the galloping costs of energy. The rising cost will materially affect the purchasing power of everyone and more adversely those whose incomes are well below the poverty line.

Cleantech
The concept of "clean" technologies embraces a diverse range of products, services, and processes that are inherently designed to provide superior performance at lower costs, greatly reduce or eliminate environmental impacts and, in doing so, improve the quality of life. Clean technologies span many industries, from alternative forms of energy generation to water purification to materials- efficient production techniques. The term "clean technology" describes technologies developed by biological, computational, and physical scientists and engineers that enable more valuable use of natural resources and greatly reduce ecological impact, although this may be only one of a technology's benefits. The impact of clean technologies in areas of agriculture, energy, manufacturing, transportation and water will have profound effect the world over in the coming years.

ESM Policy
Advocate, prescribe and practise clean/ green technologies. One of the immediate measures that come to our mind is use of energy efficient bulbs in our homes. The additional cost of bulbs alone will pay for itself by savings in electrical power within a year. There are ever so many methods, all that one has to do is to "google" and get a list of things you can do to reduce dependence on fossil fuels.
Clean Energy Technologies


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