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New Technological Revolution and Energy Requirements

Author

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  • Sergey Filippov

    (Energy Research Institute of Russian Academy of Sciences (Russia))

Abstract

The new technological revolution is radically changing the shape and development conditions of the world energy industry. The increase in demand for energy, alongside with changes in its structure, require the development of breakthrough technologies and the supply of new energy resources, which is associated with significant costs. To optimize them, a timely anticipation of the expected socio-economic changes and future energy requirements is needed. This paper analyzes the possible implications of the new technological revolution for the global and domestic energy industries. It evaluates current and prospective trends, such as changes in energy consumption due to growing demand from the service sector and households while reducing the needs of large-scale industry, digitalization, the formation of “mobile”, “portable” energy, and so on. Russia will maintain demand for a centralized energy supply while increasing the demand for distributed generation and cogeneration with the involvement of renewable energy sources, smart grid technologies, and other solutions. The current structure of the national fuel and energy complex is vulnerable to the large-scale electrification of transport and decarbonization of world energy.

Suggested Citation

  • Sergey Filippov, 2018. "New Technological Revolution and Energy Requirements," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 12(4), pages 20-33.
    • Handle: RePEc:hig:fsight:v:12:y:2018:i:4:p:20-33
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    Citations

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    Cited by:

    1. Zaekhan Zaekhan & Nachrowi Djalal Nachrowi & Andi Fahmi Lubis & Widyono Soetjipto & Tita Rosita & Nona Widharosa, 2019. "Decomposition of Energy Consumption and Decoupling Analysis in the Indonesian Industry: An Analysis of Green Industry," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 281-288.
    2. Elaheh Shobeiri & Huan Shen & Filippo Genco & Akira Tokuhiro, 2022. "Investigating Long-Term Commitments to Replace Electricity Generation with SMRs and Estimates of Climate Change Impact Costs Using a Modified VENSIM Dynamic Integrated Climate Economy (DICE) Model," Energies, MDPI, vol. 15(10), pages 1-17, May.
    3. Andreea GRECU, 2023. "A Net-Zero World, Climate Technology and Business Models," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 24(2), pages 270-279, May.
    4. Elaheh Shobeiri & Filippo Genco & Daniel Hoornweg & Akira Tokuhiro, 2023. "Small Modular Reactor Deployment and Obstacles to Be Overcome," Energies, MDPI, vol. 16(8), pages 1-19, April.
    5. O. V. Mazurova & E. V. Gal’perova, 2023. "Energy Consumption in Russia: Current State and Forecast," Studies on Russian Economic Development, Springer, vol. 34(1), pages 105-114, February.

    More about this item

    Keywords

    scientific & technological progress; new technological revolution; post-industrial economy; post-industrial society; energy; energy demand; requirements to energy; energy technology; distributed energy; mobile energy;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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