Sustainable Development And Energy Development The G8...

The ongoing demand and patterns of industrial energy production and consumption are highly unsustainable which may lead to face multiple challenges like global warming, greenhouse gas emissions, geopolitical conflicts, consecutive fuel price rises and at last fossil fuel reserves depletion. Worldwide all the developing countries are working to make a vibrant industrial sector where entrepreneurs will make investments and thus opportunities will be created for new jobs. To achieve sustainable development and alleviating poverty, most of the developing countries followed the energy strategy to be focused on combating energy poverty by improving integration systems to the reliable and renewable energy services, enhancing energy efficiencies and promoting renewable energy to meet rising energy demand in industrial areas. Moreover, in reference to UNIDO (2007b), potential of renewable and clean energy resources to protecting the environment is yet to be realized. The G8 Summit Declaration of 7 June 2007 states: â€Å"Improving energy efficiency worldwide is the fastest, the most sustainable and the cheapest way to reduce greenhouse gas emissions and enhance energy security.† [3,5-8, 52] However, in places without sufficient solar energy supply, it’s not possible to create solar energy system integration in industries or other promising sectors. Now-a-days these industrial processes are using electricity or liquid or gaseous petroleum fuels to meet the demand of industrial process