Globalisation, energy usage and sustainability

Mohsin Raza and Muhammad Ather Elahi

MPRA Paper from University Library of Munich, Germany

Abstract: Energy usage plays vital role in the spread of globalisation, through the process of industrialization and free trade of goods and services, has posed challenges in achieving the goal of global sustainability. Industrialized world has economic growth based on fossil fuel which may lead to environmental degradation. Such economic growth has two problems related to the industrial process from the perspective of sustainable development: intensive use of natural resources as raw material and produced goods from industries; and harmful gases emitted as a consequence. The exploitation of natural resources for industrialized process will lead to unsustainability because of earth’s limits of reproduction. Similarly, GHG’s emission from industries responsible for global warming is the main cause of climate change will also lead towards unsustainability. This calls for the need of transformation in current industrial production pattern and switching to sustainable energy options for achieving goal of sustainability of globalisation.

Keywords: globalisation; sustainability; alternative energy (search for similar items in EconPapers)
JEL-codes: L52 L91 Q2 Q4 (search for similar items in EconPapers)
Date: 2014-05-15
New Economics Papers: this item is included in nep-ene, nep-env and nep-res
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