Nuclear, Oil, Gas & Coal Energy Needs & Supplies Around the World

In today’s business environment, special attention is paid to availability of nuclear, oil, gas and coal energy supplies for efficient manufacturing processes. Carbon fuels, such coal, oil and gas, are used to generate electricity through burning process at fossil fuel power plants. Nuclear power stations generate electricity as well. In this case, nuclear reactors need uranium supplies to generate heat and produce energy output. The oil and gas industry is one of the most important industries in the world. The leading countries engaged in oil production are Russia, Saudi Arabia and the United States. The leaders in the list of the countries which have the largest natural gas reserves are Russia, Iran and Qatar.  The largest reserves of coal are located in the United States, Russia and China. The largest uranium supplies are available Australia, Kazakhstan and Canada. Nuclear, oil, gas and coal energy needs of the nations can be addressed by joint actions of all governments directed toward adoption of specific policies and strategies that foster energy transitions across the world and provide a thorough control over global energy resources’ supplies to reduce CO2 emissions and global climate change.

In fact, nuclear, oil, gas and coal energy needs are addressed in a proper way due to the growth of globalization that provides opportunities for interchange of products and services through the process of international integration.  According to researchers, there is a close relationship between oil and nuclear energy in the global energy context which contributes to the growth of “nuclear–oil product competition in power generation” (Toth & Rogner 1). There are certain concerns caused by selection of energy sources and provision of related technologies to address energy needs of the nations across the world. These concerns include “price volatility, supply security, geopolitical sensitivity, depletion alarms, and environmental pollution issues for oil, economic performance, operational safety, proliferation, terrorism, radioactive waste disposal, and the resulting public acceptance for nuclear” (Toth & Rogner 1). The roles of different energy supplies play a critical part in establishing the world energy balance.

Moreover, all governments should recognize the significance of energy transition across the world as a geographical process. This process involves “the reconfiguration of current patterns and scales of economic and social activity” (Bridge et al. 331). Currently, all governments use their policies for energy transition to address the needs of the nations. They place emphasis on adoption of low carbon transition, which is aimed at resolving the global problem of environmental pollution.

The transition of low carbon energy is the best option to protect the environment and reduce the negative effects of climate change. Low carbon power is generated by means of new technologies that provide energy with insignificant amounts of carbon dioxide emissions. The major goal of all governments is to work collaboratively in order to identify and expand “the geographies of a future low-carbon economy” (Bridge et al. 331).

In addition, nuclear, oil, gas and coal energy needs can be addressed in a proper way only if governments provide a thorough control over energy resources’ supplies around the world. In recent study, researcher takes into consideration the link between three dimensions which affect the ways to address nuclear, oil, gas and coal energy needs. These dimensions include “global energy consumption by fuel type (liquid fuels, coal, natural gas, renewables and nuclear) and sectors (buildings, industrial, transportation and electricity), and environmental impact of global energy consumption (SOx, NOx and CO2emissions)” (Bilgen 890). It is very important to have a good understanding of the strong relationship that exists between energy consumption and economic growth in order to draw relevant conclusions how to effectively utilize nuclear, oil, gas and coal energy supplies. The effect of the global economic crisis on the global economy is still considerable because of the increased costs of energy sources. Although “the governments have recently adopted some effective measures to fight against the global financial crisis”, there are still many problems that contribute to insufficient supplies of energy to some regions (Bilgen 890).

As a matter of fact, there is a need for providing an accurate assessment of effectiveness of the structure of energy consumption and the conditions of SOx, NOx, and CO2 emissions which have a strong impact on the global climate change through production of acid rain and greenhouse effect. Currently, all governments are interested in adoption of the proper strategies that can lead to reduction of CO2 emissions, based on the requirements provided by the Kyoto Protocol on climate change. As a result, there are three important  issues raised by the governments to address energy needs of the nations across the world: “energy consumption, energy security and energy policy” (Bilgen 890).

Thus, it is necessary to conclude that all governments should consider the role of the relationship between energy consumption and greenhouse gas emissions in order to properly develop and implement a number of effective policies and strategies that can foster energy transitions across the world and provide a thorough control over global energy resources’ supplies. Nuclear, oil, gas and coal energy needs of the nations depend on the availability of energy sources across the world. Hence, energy transition across the world should be presented as a geographical process, which influences effectiveness of operation of such important sectors as construction of buildings, industrial production, transportation and electricity generation, as well as shapes the environmental impact of global energy consumption.

Works Cited

Bilgen, S. “Structure and environmental impact of global energy consumption.” Renewable and Sustainable Energy Reviews, vol. 38, 2014, pp. 890-902.

 Bridge, Gavin; Bouzarovski, Stefan; Bradshaw, Michael; Eyre, Nick. “Geographies of energy transition: Space, place and the low-carbon economy.” Energy Policy, vol. 53, 2013, pp. 331-340.

Toth, Ferenc L. & Rogner, Hans-Holger. “Oil and Nuclear Power: Past, Present, and Future.” Energy Economics, vol. 28, no.1, 2006, pp. 1-25.