International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services.
The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity. Nigeria has the largest economy in Africa. The country's re-emergent manufacturing sector became the largest on the continent in 2013, and it produces a large proportion of goods and services for the region of West Africa. In addition, the debt-to-GDP ratio was 16.075% as of 2019.
Energy conservation is the effort made to reduce the consumption of energy by using less of an energy service. This can be achieved either by using energy more efficiently or by reducing the amount of service used. Energy conservation is a part of the concept of Eco-sufficiency. Energy conservation measures (ECMs) in buildings reduce the need for energy services and can result in increased environmental quality, national security, personal financial security and higher savings. It is at the top of the sustainable energy hierarchy. It also lowers energy costs by preventing future resource depletion.
The Mott MacDonald Group is a consultancy headquartered in the United Kingdom. It employs 16,000 staff in 150 countries. Mott MacDonald is one of the largest employee-owned companies in the world.
India is among the five largest producers of electricity in the world. The national electric grid in India has an installed capacity of 388.134 GW as of 31 August 2021. Renewable power plants, which also include large hydroelectric plants, constitute 37% of India's total installed capacity. During the fiscal year (FY) 2019-20, the gross electricity generated by utilities in India was 1,383.5 TWh and the total electricity generation in the country was 1,598 TWh. The gross electricity consumption in FY2019 was 1,208 kWh per capita. In FY2015, electric energy consumption in agriculture was recorded as being the highest (17.89%) worldwide. The per capita electricity consumption is low compared to most other countries despite India having a low electricity tariff.
Energy policy is the manner in which a given entity has decided to address issues of energy development including energy conversion, distribution and use. The attributes of energy policy may include legislation, international treaties, incentives to investment, guidelines for energy conservation, taxation and other public policy techniques. Energy is a core component of modern economies. A functioning economy requires not only labor and capital but also energy, for manufacturing processes, transportation, communication, agriculture, and more. Energy sources are measured in different physical units: liquid fuels in barrels or gallons, natural gas in cubic feet, coal in short tons, and electricity in kilowatts and kilowatthours.
The energy industry is the totality of all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy industry is a crucial part of the infrastructure and maintenance of society in almost all countries.
The Economy of Somaliland largely relies on primary production such as livestock and agriculture. Somaliland has a gross domestic product (GDP) of about US$2 billion as of 2019, most of which it receives in remittances from Somalilanders working abroad. Livestock is the main export of the country, which it ships to neighboring Djibouti and Ethiopia, as well as to Gulf states, such as UAE, Saudi Arabia and Oman. The country's GDP per capita, US$950, is one of the lowest in the world.
Although the European Union has legislated in the area of energy policy for many years, the concept of introducing a mandatory and comprehensive European Union energy policy was only approved at the meeting of the informal European Council on 27 October 2005 at Hampton Court. The EU Treaty of Lisbon of 2007 legally includes solidarity in matters of energy supply and changes to the energy policy within the EU. Prior to the Treaty of Lisbon, EU energy legislation has been based on the EU authority in the area of the common market and environment. However, in practice many policy competencies in relation to energy remain at national member state level, and progress in policy at European level requires voluntary cooperation by members states.
The energy policy of India is largely defined by the country's expanding energy deficit and increased focus on developing alternative sources of energy, particularly nuclear, solar and wind energy. India attained 63% overall energy self-sufficiency in 2017.
A low-carbon economy (LCE) or decarbonised economy is an economy based on energy sources that produce low levels of greenhouse gas (GHG) emissions. GHG emissions due to anthropogenic (human) activity are the dominant cause of observed climate change since the mid-20th century. Continued emission of greenhouse gases may cause long-lasting changes around the world, increasing the likelihood of severe, pervasive, and irreversible effects for people and ecosystems.
Denmark has considerable sources of oil and natural gas in the North Sea and ranked as number 32 in the world among net exporters of crude oil in 2008. Denmark expects to be self-sufficient with oil until 2050. However, gas resources are expected to decline, and production may decline below consumption in 2020, making imports necessary. Denmark imports around 12% of its energy.
China is the world's leading country in electricity production from renewable energy sources, with over double the generation of the second-ranking country, the United States. By the end of 2019, the country had a total capacity of 790GW of renewable power, mainly from hydroelectric, solar and wind power. By the end of 2019, China's hydropower capacity reached 356 GW. China's installed capacity of solar power reached 252 GW and wind power capacity was 282 GW, as of 2020. China's renewable energy sector is growing faster than its fossil fuels and nuclear power capacity. China has pledged to achieve carbon neutrality before 2060 and peak emissions before 2030. By 2030, China aims to lower carbon dioxide emissions per unit of GDP by over 65 percent from the 2005 level, raise the share of non-fossil energy in primary energy use to around 25 percent, and bring the total installed capacity of wind and solar electricity to more than 1200GW.
Despite abundant natural resources and a relatively small population, New Zealand is a net importer of energy, in the form of petroleum products. The ratio of non-renewable and renewable energy sources was fairly consistent from 1975 to 2008, with about 70 percent of primary energy supply coming from hydrocarbon fuels. This ratio decreased to about 60 percent in 2018. The proportion of non-renewable energy varies annually, depending on water flows into hydro-electricity lakes and demand for energy. In 2018, approximately 60% of primary energy was from non-renewable hydrocarbon fuels and 40% was from renewable sources. In 2007 energy consumption per capita was 120 gigajoules. Per capita energy consumption had increased 8 per cent since 1998. New Zealand uses more energy per capita than 17 of 30 OECD countries. New Zealand is one of 13 OECD countries that does not operate nuclear power stations.
The energy policy of Malaysia is determined by the Malaysian Government, which address issues of energy production, distribution, and consumption. The Department of Electricity and Gas Supply acts as the regulator while other players in the energy sector include energy supply and service companies, research and development institutions and consumers. Government-linked companies Petronas and Tenaga Nasional Berhad are major players in Malaysia's energy sector.
Energy transition is a significant structural change in an energy system. Historically, there is a correlation between an increasing demand for energy and availability of different energy sources. The current transition to renewable energy, and perhaps other types of sustainable energy, differs as it is largely driven by a recognition that global carbon emissions must be brought to zero, and since fossil fuels are the largest single source of carbon emissions, the quantity of fossil fuels that can be produced is limited by the COP21 Paris Agreement of 2015 to keep global warming below 1.5 °C. In recent years, the term energy transition has been coined in the framework of a move towards sustainability through increased integration of renewable energy in the realm of daily life.
The Ministry of Petroleum and Natural Resources Divisionوزارت پیٹرولیم و قدرتی وسائل, wazarat-e- petroleum o qudrati wasail is a Pakistan Government's federal and executive level ministry responsible to ensure availability and security of sustainable supply of oil and gas for economic development and strategic requirements of Pakistan and to coordinate development of natural resources of energy and minerals.
The Ministry of Energy Infrastructures and Natural Resources of Armenia is the ministry responsible for the management of the energy systems, and control of the exploitation of natural resources in Armenia. It elaborates and implements the policies of the Government of Armenia in the energy sector.
The Ministry of Energy and Minerals is one of the governmental bodies of Somaliland. The ministry has the function of developing and implementing policies related to electricity, minerals, petroleum and petroleum products, the current minister is Abdillahi Farah Abdi.
Somaliland and the United States do not have official diplomatic relations. While Somaliland operates a representative liaison office in Washington, D.C., it does not have formal diplomatic status under the provisions of the Vienna Convention on Diplomatic Relations. Both countries do maintain contact as delegations from both sides have met in the past.
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