Energy Crisis
In addition to all these South Asia approximately uses only 5.9 % of global energy resources excluding the non- commercial energy resources. South Asian counties have increased the demand for energy in the last few decades, increasing demand by up to 50% since 2000. The rising energy demand is induced by population growth and the manufacturing sector. All the south Asian countries have increased the demand for electricity on average by more than five percent annually over the past two decades and are expected for the future that requires more than double by 2050. More than two third of the energy is imported. So it put pressure to increase cost recovery if the demand increase. In South Asia, disruptions due to conflict among other countries adversely impact fuel imports and put greater pressure on the government to ensure the security of their energy supply.
Conclusion
South Asian countries are major part and contributors to the world economy. Due to the crisis, economic activities were destroyed and diminished in many regions, because of damage to productivity and infrastructure, security threats, and mass migration, as the results growth rate declined and the world economy gets affected. Globally, all the economies of the world somehow depend upon each other for trade. To facilitate this connection it is necessary to maintain a balance. There are many organizations are working in South Asian countries to control the environmental crisis, such as the intergovernmental organization of South Asia Co-operative Environment Program (SACEP). Climate Action Network of South Asia, South Asian form for the environment. So the main purpose of all these organizations is to provide support, protection, and management in context to contribute in terms of sustainable development, along with issues of economic and social development. In addition to all these, urgent action is needed to curb all the challenges. The most immediate and pragmatic step to cope with the challenges is to make a collective UN committee for collaboration among the countries, reduce the global emission of harmful gases, decarbonize the energy sector, educate people to spread awareness among people start campaigns related to the protection of environmental at county level, uses of renewable resources, new policy initiation, formulation, and Implementation.
Aneesa Ajmal is a Student of Economics at the Department of Economics at the National Defence University Islamabad.