Fashioning a holistic solution to the energy problem

Alejandro Melchor

Energy, 1986, vol. 11, issue 4, 335-340

Abstract: The world economy is in a historical transition away from the current fossil fuel-based energy system. Asian countries underwent this painful transition within a short time span. Although oil will remain a significant feature of Asia's energy landscape, OPEC may have lost its predominant role as Asia's energy supplier. OPEC may, however, assume a new role as the region's strongest trade partner in refined products. Non-oil alternatives will make quantum encroachments into traditional oil shares even as new non-OPEC parties conspire to reconfigure relations among oil-trading nations. Progress in coal technology, successful management of fuelwood plantations, and the strong nuclear commitments of northeast Asian countries are expected to redefine energy developments in Asia. In the long run, the global energy problem will depend on the solution to the enormous costs of a post-fossil oil era. The decade ahead will also be one of continuing change and uncertainty as regards energy supply, demand, and price. The global energy problem is so complex that no nation or block of nations acting alone can solve it. It is a problem that confronts humanity collectively. The search for solutions to the energy problem should recognize the value of equitable sharing of burdens and rewards on a global scale.

Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:11:y:1986:i:4:p:335-340

DOI: 10.1016/0360-5442(86)90119-2

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