Question Collected from Telegram Group.
Solution:
Yes, Lenz's law follows the principle of conservation of energy. The law of conservation of energy states that energy can neither be created nor be destroyed, but it can be changed from one form to another. Lenz's law states that the direction of current is such that it opposes the change in the magnetic flux. So, an extra effort is required to do work against the opposing force. This extra effort is converted into electrical energy, which can be viewed as the law of conservation of energy.
For example, if you push a magnet into a coil of wire, the current that is induced in the coil will create a magnetic field that opposes the motion of the magnet. This is because the induced current is trying to maintain the original magnetic flux through the coil. The extra effort that you need to apply to push the magnet into the coil is converted into electrical energy.