Energy and natural security is a rising primary issue for the global economic agenda. It has forged consensus on the potential for long-term financial, national security, and societal harm from uncertain energy supplies and ecological fiasco, as the extraordinary requirement for mechanical advances that can give low-polluting and secure fuel sources. However, despite developing global momentum, there is still little concurrence on the best set of actions needed to diminish global reliance on non-renewable energy sources and greenhouse gas outflows. Perplexing the international policy challenge is the disproportionate effect of high oil costs and a boost in global warming across countries, protecting a few nations from quick concern while compelling others to press for a rapid change. Growing Income Disparity from centuries, nations have tried to compare themselves with other states of the world especially when it comes to wealth, which makes us less concerned about our absolute level of wealth since we tend to compare what we have and what we own in relative terms to the people around us. The global private wealth had increased to $166.5 trillion in the year 2016, which was driven by the rapid increase in faster economic growth and stock price performance mainly. The Global South is much poorer in contrast to the Global North, which is why inequality is getting ever worse. A tipping end was reached in 2015 when the richest 1% in the world owned as greatly as the rest of humanity. This style has continued and additionally accelerated. This has brought on a widening gap between the middle and the elite classes across the globe.
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