ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Developing countries tend to use more energy than developed countries. Countries without stable electricity or a modern road system tend to use less energy when compared with countries that are in the process of building those systems. Once the systems are built, the energy consumption decreases.

Detailed explanation-2: -Developing countries currently use more than half of the world’s energy (albeit with significantly lower per capita consumption than in developed countries).

Detailed explanation-3: -Most developing countries have abundant renewable energy resources, including solar energy, wind power, geothermal energy, and biomass, as well as the ability to manufacture the relatively labor-intensive systems that harness these.

Detailed explanation-4: -Least developed countries (LDCs) are low-income countries confronting severe structural impediments to sustainable development. They are highly vulnerable to economic and environmental shocks and have low levels of human assets.