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Global Impact of Unconventional Energy Resources (Hardcover)
Loot Price: R2,833
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Global Impact of Unconventional Energy Resources (Hardcover)
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The chapters in this volume represent the latest thinking on the
development and exploration of unconventional energy resources in
the U.S., Canada, Australia, Europe, Russia, Asia Pacific, Middle
East, Latin America, and Africa and shed light on its potential and
future prospects in these respective regions. The diversity of
thinking about the "shale revolution" is also evident in our case
studies. Throughout many countries in Europe for example, there is
a strong preference for investment in renewable sources of energy
over the fossil fuels. In addition to environmental concerns, the
falling price of renewables, have also made them more attractive
financially. Consequently, global investment in renewables is
outpacing that of fossil fuel two to one. Watching this trend, in
2017, the Chinese government has pledged to invest $360 billion on
renewable energy. This would make China the largest investor in
development of renewables in the world. Other obstacles to
development of shale oil and gas in other parts of the world
include, lack of adequate shale resources (Africa), the abundance
of conventional energy resources (Middle East and North Africa),
high cost of production (Russia, China, Japan) and political
opposition to hydraulic fracturing (France and Poland). Despite
these sentiments the economic imperatives (providing employment)
also play a significant role in determining the future prospects
for unconventional energy resources globally.
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