It has been scarcely 200 years–the dawn of the industrial revolution–since humans abandoned sole reliance on firewood, other biomass fuels, and direct sunlight to meet daily energy needs. In the past half century, global demand for energy grew twice as fast as population, as industrial nations burned coal, oil, and natural gas to fuel their economies. Over the next half-century, world energy demands are projected to continue expanding beyond population growth, as developing countries try to catch up with industrial nations. Developing countries will see tremendous growth in energy consumption in the next half-century, as growing populations and increasing affluence combine to drive their energy demands to dizzying levels. Based on projections from the U.S. Department of Energy and the Intergovernmental Panel on climate change, total energy consumption in the developing world will grow by 336 percent–nearly three times faster than population–over the next 50 years, from 3,499 million tons of oil equivalent to 15,255 million tons. By 2030, energy consumption in the developing world will likely surpass usage in industrial nations.
ABOUT THE AUTHOR M. Lakshmi Narasaiah
Dr. M. Lakshmi Narasaiah, has been working as Professor and Head, Department of Economics, Sri Krishnadevaraya University Post-Graduate Centre, Kurnool, Andhra Pradesh. He is a Post-Graduate in Economics and has secured first rank. He has received Ph.D., Degree from Sri Krishnadevaraya University, Anantapur, in 1987. He has worked as UGC JRF and UGC SRF. Starting his professional career as an Assistant Professor of Economics in Sri Krishnadevaraya University, Anantapur, he has been actively engaged in teaching and research for the past twenty years. He was associated with the Government of Andhra Pradesh. Planning Department in the center for planning and Development studies projects. He has extensively travelled abroad. He has to his credit 175 research papers published in reputed National and International Journals, a large number of book reviews and seminar papers besides supervising M.Phil., and Ph.D., studies. He is also working on number of research projects. He has frequently participated in national and international conference. He is author of 27 books. Prof. M. Lakshmi Narasaiah is a member of large number of national and international associations and is associated with academic in several universities and professional organization. He has been acting as a member of the "Review Committee" he various international economic journals.
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