Global Impact of Unconventional Energy Resources

The chapters in this volume explore the development and exploration of unconventional energy resources in various regions, highlighting the diversity of perspectives and obstacles. Global investment in renewable energy is outpacing that of fossil fuels, with China pledging to invest $360 billion in renewable energy. However, factors such as lack of resources, high cost of production, and political opposition hinder the development of shale oil and gas in some regions.

\n Format: Paperback / softback
\n Length: 316 pages
\n Publication date: 11 June 2021
\n Publisher: Lexington Books
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The chapters in this volume provide a comprehensive examination of the latest developments and explorations in unconventional energy resources across the United States, Canada, Australia, Europe, Russia, Asia Pacific, Middle East, Latin America, and Africa. They shed light on the potential and future prospects of these regions in harnessing these resources.

The "shale revolution" has sparked a diverse range of perspectives, as evidenced by the case studies presented. In many countries in Europe, for instance, there is a strong preference for investing in renewable energy sources over fossil fuels, driven by environmental concerns and the falling cost of renewables. This trend has led to a two-to-one increase in global investment in renewables compared to fossil fuels.

In 2017, the Chinese government pledged to invest $360 billion in renewable energy, making it the largest investor in this field globally. However, the development of shale oil and gas in other parts of the world faces several obstacles, including limited shale resources in Africa, the abundance of conventional energy resources in the Middle East and North Africa, high production costs in Russia, China, and Japan, and political opposition to hydraulic fracturing in France and Poland.

While these challenges may hinder the expansion of unconventional energy resources, economic imperatives also play a significant role in determining their future prospects. Unconventional energy resources offer significant employment opportunities, particularly in regions where job creation is a priority. As the world continues to grapple with economic uncertainty and the need for sustainable energy solutions, the role of unconventional energy resources will likely continue to grow.

In conclusion, the chapters in this volume provide valuable insights into the development and exploration of unconventional energy resources across the globe. They highlight the diverse perspectives and challenges faced by different regions in harnessing these resources, while also emphasizing the economic imperatives that drive their growth. As the world moves towards a more sustainable energy future, the role of unconventional energy resources will undoubtedly become more significant.

\n Weight: 460g\n
Dimension: 152 x 238 x 23 (mm)\n
ISBN-13: 9781498566094\n \n