Types of Energy and Usage

Abstract

There are many types of energy available. In today’s information-intensive world, the political tilt has largely been to renewable energy. Nonetheless, the world is still majority driven by the ‘carbon chain’ of fossil fuels which also underpins all economic growth of many countries, not only developing ones. HRD needs to be utilized in this development paradigm. Despite the accolades and well-wishing, renewables still place a very distant second in the necessary baseload capacity of power generation due to reliability and cost issues. Hydro projects require government policy guarantees to develop, and not all countries have the geographic terrain to create them. Nuclear power is the way of the future for a reliable power generation baseload, but is a dangerous power source if neglected, and a total safety mindset must be inculcated by any HRD initiative for success. With recent declining oil and commodity prices, the cost of renewable energy grows higher and less attractive in the near term. Fossil fuels are still the main drivers of economic growth in the world and will remain so for the near future.