The Future of Energy Supply: Challenges and Opportunities

Each generation is confronted with new challenges and new opportunities. In a restricted system like the Earth, however, opportunities discovered and exploited by a generation can cause challenges to the subsequent ones. Fossil fuels have offered astounding opportunities during the 20th century in the rich countries of the western world, but now mankind has to face the challenges arising from fossil-fuel exploitation. The proven reserves of fossil fuels are progressively decreasing, and their continued use produces harmful effects, such as pollution that threatens human health and greenhouse gases associated with global warming. Currently the world&s growing thirst for oil amounts to almost 1000 barrels a second, which means about 2 liters a day per each person living on the Earth (Figure 1). The current global energy consumption is equivalent to 13 terawatts (TW), that is, a steady 13 trillion watts of power demand. How long can we keep running this road?