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Green Trend in Global Energy Development: Tendencies and Opportunities

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  • Larisa D. Petrenko

    (Department of management of construction and housing and communal services, Industrial University of Tyumen, Russia.)

Abstract

The actualization of global environmental problems necessitates transformational changes in the global energy sector. The intensification of global trends toward decarbonization leads to alteration in the energy sector. The sustainable development of the renewable energy sector is driven by the greening of global development and will be long-term in nature due to a progressive reduction in its cost and the achievement of stable energy efficiency indicators. The intensive growth of the renewable energy sector is primarily supported by government financial support as part of sustainable development strategies. Various forms of state support for projects for the development of alternative energy sources are used in achieving targets for the potential of renewable energy sources at the national level. Its role gradually decreases as the degree of maturity of alternative energy is reached. Further development of energy policies at the national level will take place in the increased use of market support instruments.

Suggested Citation

  • Larisa D. Petrenko, 2021. "Green Trend in Global Energy Development: Tendencies and Opportunities," International Journal of Energy Economics and Policy, Econjournals, vol. 11(5), pages 1-7.
    • Handle: RePEc:eco:journ2:2021-05-1
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    Cited by:

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    2. Paula Donaduzzi Rigo & Carmen Brum Rosa & Graciele Rediske & Julio Cezar Mairesse Siluk & Leandro Michels, 2022. "A Software Application to Support Decision-making in Small-scale Photovoltaic Projects," International Journal of Energy Economics and Policy, Econjournals, vol. 12(1), pages 32-39.
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    More about this item

    Keywords

    Global Energy; Sustainable Development; Renewable Energy Sources; Green Economy; Decarbonization; Energy Policy;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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