Financial Crisis Due to Energy Crisis

Abstract

Energy crises are global and spread quickly from country to country, resulting in huge destruction to financial stability. Nowadays, the whole world is facing an energy crisis leading towards an increasing financial crisis, somehow relatable to past financial challenges. The slow financial growth may decrease the pressure on resources by decreasing the demand levels. GDP decline and ultimate investments' gains decline in clean and effective techniques may result in high energy usage. Under such underpinnings, this chapter intends to explore how the slow growth of economies trailed by the global financial crisis has affected energy efficiency and how financial crises are linked with the energy crisis. This chapter explains how the decelerated economic development, pursued by the financial crisis, affects energy consumption, efficiency, and allocation. By employing multi-dimensional integrated analysis of societal and ecosystem metabolism (MuSIASEM), the association among energy needs, financial trends, and population have been described precisely.