8. Policy and Regulation: Shaping the Future of the Energy Sector
Imagine the energy sector as a vast highway system. Energy policies are the road signs, traffic lights, and speed limits that keep everything flowing smoothly. They guide investments, ensure fair competition, protect consumers, and set the standards for environmental responsibility. Without these rules, the system could fall into chaos, with inefficient power plants, unreliable electricity supply, and unchecked environmental damage. For example, renewable energy growth is heavily influenced by supportive government policies. Countries that offer…