In 2020 world’s energy consumption amounted to 556.63 exajoules. The consumption fell by 4% during pandemic due to lockdown measures and restricted transportation. The world's electricity consumption amounted to approximately 23,398 billion kilowatt hours, or 23,398 terawatt hours in 2018. The evaluation by statisticians’ revel that there are huge losses and energy wastage close to 72% through the entire process of energy generation, transmission, and distribution.
The current rate wasting the energy resources is not sustainable. The world simply cannot continue consuming at a rising rate while resources begin to fall, because at some point, there will be no resources left to consume. To achieve harmony with the environment, fewer resources need to be consumed. There are three main ways in which we can reduce wastage of energy consumption
Energy management needs to be done to save the Energy. Energy needs to be saved globally for the following reasons:
One of the best techniques to be followed for doing Energy Management is Metering the Energy Consumption of the Consumers. This helps in the following ways
Data Credits: Global Energy Statistical Year Book 2021, Our World data, Wikipedia