Affiliation:
1. Study World College of Engineering, India
2. Gnanamani College of Technology, India
Abstract
During the 1970s and the early 1980s, people gave a lot of attention to energy planning and how they could save energy. The oil supply was reduced as a result of the 1973 OPEC oil blockage and the 1979 Iranian hostage crisis, both of which contributed significantly to the sharp increase in oil prices. The increase in the price of petroleum led to an acceleration of the development of renewable energy sources in both the commercial and public sectors, such as solar, wind, geothermal, and methane. Nevertheless, as petroleum prices declined in the late 1980s, the nation's commitment to renewable energy began to fade. At a period when nonrenewable natural resources were selling for such low prices, neither the government nor the general public were prepared to invest in green energy initiatives and sources that were more expensive.