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Energy is a basic prerequisite for the growth and development of
national wealth. Based on primary research, Energy Economics and
the Environment integrates a network of diverse disciplines to
provide a theoretical and practical understanding of the constantly
neglected challenges associated with conservation, preservation and
sustainability of environment and energy. It highlights the issues
and prospects in safeguarding environmental biodiversity and
renewable energy efficiency, ecosystem chains and human living
standards. This book studies the vulnerability associated with
global climate alterations that limits direct social and economic
benefits from ecosystem goods and services, and presents
significant methods through illustrative case studies to tackle
energy and environmental questions. In its final analysis, the book
proposes possible unconventional mitigation strategies to restore
sustainable biodiversity of ecosystems.
Energy consumption influences the level of living and quality of
life of masses in a significant way, which ultimately matters a lot
for overall economic development. We have analyzed the well
established relationship between energy consumption and economic
development in the context of fifty six countries, including India,
and have done some econometric modeling on the influence of energy
consumption on economic development. Human Development Index (HDI)
has been taken as a representative of economic development. HDI has
been calculated on the basis of important variables representing
overall economic development as per UNDP methodology. We have also
made an attempt to recalculate the HDI, taking energy consumption
as an additional variable along with existing variables (as per
UNDP methodology). We have also made an attempt to forecast the
energy demand for India, mix of various sources of energy and
India's reliance on imports of crude oil and coal in year 2025.
This work will be useful for academia, researchers, policy makers
and students of energy studies.
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