Question
Why is it necessary to conserve energy?

Answer

The importance for conserving energy is as follows:
  1. Energy is essential for economic and social development and also improved quality of life. Large-power industrial companies need reliable power and energy supplies. However, the current global pattern of energy supply and use is not sustainable. Encouraging energy conservation among consumers is often advocated as a cheaper or more environmentally sensitive alternative to increased energy production.
  2. The substantial increase in global energy consumption in the coming decades will be witnessed in the developing world. Strong economic growth in many developing countries is already leading to a sharp increase in per capita energy consumption. Consumption continues to rise, driven also by the projected two-fold expansion in world population during the 21st century which will occur mostly in the developing countries.
  3. In an era marked by a heightened awareness of finite natural resources, there is a incessant need for energy conservation to reduce costs, reduce dependency on foreign energy sources, minimise the environmental effects of consumption and conserve resources for future generations.
Energy conservation is a particularly effective way of reducing living costs and the cost of government operations on external disadvantages promoted by excessive use of natural resources and degradation of the environment.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

Read the passage given below and answer the following questions from 1 to 5.
Traditional economic theory viewed capital in physical terms only. Economists during the late 1950s based on the aggregate production function found that the standard measures of simple labour and physical capital were incapable of explaining adequately the rapid post-war growth. Speculations on what was missing were diverse. Some argued that the principal explanation lays in the lack of appropriate adjustments for improvement in the quality of physical capital and the embodiment of technical progress in that capital. Others suggested that the most important omission pertains to the organisational advance or a vaguely specified human capital. The residual of unexplained growth was at first ascribed to technology by Solow, but later, the residual was defined to include improvements in the quality of capital can the investment in human beings. Human capital is formed with improvement in skills education. Improved health and education is merit as well as a public good and is associated with a large number of externalities which are often indirect, indivisible and non-quantifiable.
  1. Which of the following gives the definition of public goods?
  1. Excludable and non rivalrous in nature
  2. Non-excludable and non-rivalrous in nature
  3. Non-excludable and rivalrous in nature
  4. Excludable and rivalrous in nature
  1. Consider the situation of 2 countries – A and B. Country A has invested more towards the technological progress whereas Country B has invested more towards expanding its military network and arms. To Solow, which country would go faster?
  1. Country A
  2. Country B
  3. Both grows and the same pace
  4. Can’t comment
  1. Standard economic theories failed to explain the post war rapid growth due to?
  1. Measuring growth in terms of physical inputs only
  2. Ignoring other important factors such as improved skills and education
  3. Both (a) and (b)
  4. None of the above
  1. An externality is the good or bad impact which enters the utility or production function of another individual or firm with no choice of their own. The given statement is?
  1. True
  2. False
  3. Partially True
  4. Partially False
  1. In the context of the above paragraph, the ‘residual’ factor include.
  1. Improvement in the quality of human capital
  2. Investment in human beings
  3. Improvement in technology
  4. All of the above
Evaluate the various factors that led to the rapid growth in economic development in China.
Why are regional and economic groupings formed?
Define agricultural marketing. Outline the agricultural marketing system that existed before independence. Give any two measures of state intervention in this direction.
Explain the various general reforms which were initiated by the government to solve the problems of agriculture sector.
The traditional handicrafts industries were ruined under the British rule. Do you agree with this view? Give reasons in support of your answer.
What are the various types of unemployment?
Today development has become a burden on 'nature/ environment'. Comment?
Mention the various indicators of human development.
Compare the growth rate trends in China, India and Pakistan in the last two decades.