Energy is a basic requirement for economic development but the growing consumption of energy has resulted in the country becoming increasingly dependent on fossil fuels such as coal and oil and gas. Rising prices of oil and gas and potential shortages in future lead to concerns about the security of energy supply needed to sustain our economic growth. Increased use of fossil fuels also causes environmental problems both locally and globally. Against this background, the companies urgently need to develop a sustainable path of energy development. Promotion of energy conservation and increased use of renewable energy sources are the twin planks of a sustainable energy supply.
Read this topic