Electricity, an icon of the industrial
age is a commodity whose demand rises as more and more electronic devices are
developed and invented. It has also made
nations more dependent on one another as countries continually export
electricity or sources of electricity to other countries. This happens because
some countries have more sources of energy than others, sources such as oil,
coal and gas.
What a country contributes to the
worldwide trade and export of electricity depends on the available resources with
or without regard to the country’s surplus production. The trade and export of electricity starts
from its capacity for production. Power
plants are built to generate electric power from specific sources or
energy. Sources are either from fossil
fuels (gas, petroleum or oil and coal), nuclear power, hydroelectric power, geothermal power, wind power or
solar power.
Some countries export consumer
electricity usually to their neighboring countries such as being done between
the US, Canada and Mexico. Power plants,
power stations and power lines are involved in the distribution. Other countries are involved in the export of
power or energy sources most of which are fossil fuels. Among the fossil fuel sources being traded
worldwide, coal and petroleum are widely exported. Uranium also is being produced and exported
under strict policies.
The trade and export of electricity is
also dependent on the political climate and trade policies of both the
providing country and the recipient country.
A country such as Australia is an attractive and viable country to trade
with because of its stable political environment and substantial power source
reserves.
Australia’s contribution to the
electricity exports is its coal and uranium production. Coal is Australia’s biggest commodity export
which earned about $55 billion in 2008-2009.
It supplies 18 per cent of the world’s total coal trade and export. Most
is destined for power plants in Japan, South Korea and Taiwan for electricity
generation.
Australia’s uranium exports also play an
important role in the global trade and export of electricity. The country has a precautionary policy to
trade only with countries who follows a nuclear cooperation agreement. This agreement means that the country is
committed to the peaceful uses of nuclear energy. That country must also have agreements with
the International Atomic energy Agency or (IAEA) including an additional
protocol.
By supporting the generation of
electricity through nuclear power plants, Australia also supports global
efforts to address climate change. Nuclear power significantly minimizes the
emission of greenhouse gas. If you are
looking to trade with Australia’s best suppliers please visit this site http://www.ozsuppliers.com.au/product-directory/18-energy