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Energy Crisis Incentivizes EE

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Henry Craver's picture
Small Business Owner Self-employed

As a small business owner, I'm always trying to find ways to cut costs and boost the dependability of my services. To that end, I've become increasingly invested in learning about energy saving...

  • Member since 2018
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  • Oct 25, 2021
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The 1973 and 1979 energy crises fundamentally changed the way our global society managed and consumed energy. Intent on avoiding future energy shortage induced recessions, countries set up strategic petroleum reserves. The government and private firms alike began to research alternative energy sources in earnest. Eventually, ethanol became subsidized. American car manufacturers, who’d long seemed to be in a race to produce the biggest and least efficient land yachts, finally started downsizing. Japanese automakers, who were already experienced in making economy cars, boomed in popularity. 

How will this current energy crisis change our world? We’re already seeing evidence that it’s renewed interest in nuclear energy, especially in Western Europe. Rising gas prices have also boosted consumer interest in electric cars. 

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It also seems likely that the crisis will push many energy customers to cut back on their consumption. This is self explanatory. What’s really interesting is that this incentive is coming into play just as the government seems set to offer big stimulus money for energy efficiency measures. Could these two developments propel big conservation adoption and development? We’ll soon find out.


 

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Dr. Amal Khashab's picture
Dr. Amal Khashab on Oct 26, 2021

Hi Henry

EE can not do the job alone. It is just a complementary solution among others. These have to include, but are not limited to, the following:

(1) Keep dependence on nuclear power plants especially with the recent spread of SMRs.

(2) Keep working on increasing the generation efficiencies of conventional technologies to decrease the input fuel consumption.

(3) Incentivized the modern technologies for the safe coal power plants to avoid disregarding a considerable share of generation.

( 4) Do not put all eggs in one basket.

(5) Widspreading the distribution generation based upon renewable energy resources. This will meet considerable portions of daily peak demand.

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