The world is rapidly hurtling towards a major energy crisis, as massive deposits of coal and oil & gas are gobbled up for various purposes. The consequences of exhausting the fossil fuels completely are going to be horrendous, and that day is as close as 59 years.
Time is running out
It is estimated that the global oil & gas deposits will be fully used up in 46 to 59 years at the current rates of production, and the coal reserves are expected to last a little longer — up to 118 years. What the world will be like devoid of coal and oil & gas is difficult to imagine, but will certainly send us all groping around for clues to the puzzle.
Such is the scorching pace at which fossil fuels are consumed by the world’s burgeoning population, and the only way to save the humanity from a colossal damage is to conserve existing reserves of energy carefully and tap other sources with focus on renewable energy.
“Nuclear energy is a viable option for meeting the energy needs, but it also has limitations over the long term, which brings us back to the crux of the conservation Vs consumerism debate,” Nuclear Power Corporation of India Limited Director (Operations) G. Nageswara Rao observed at a seminar on ‘Energy needs — latest challenges’ organised at Chalapathi Institute of Engineering & Technology on Saturday.