IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-031-71329-3_38.html
   My bibliography  Save this book chapter

How May Natural Gas Be a Reliable Partner for the Transition to Green Energy

In: Europe in the New World Economy: Opportunities and Challenges

Author

Listed:
  • Marius Bulearcă

    (Center for Industry and Services Economics, Romanian Academy)

Abstract

The European Green Deal, by its commitment toward greenhouse gas net-zero emissions by 2050 by reducing pollution and restoring biodiversity, transforms climate and environmental challenges into opportunities to change the current unsustainable context in the long term. In this respect, Romania has entered a path of replacing classic fuels with clean energy, which is very efficient and as safe as the one people are used to, and this is the main objective of this chapter. In achieving this objective, in the first part of the chapter, the main advantages that Romania has in this transition are identified (its own offshore gas reserves; its own national network of natural gas transport that is well interconnected with the systems of neighboring countries, and through them to the European ones; a fuel with the lowest CO2 emissions of all fossil fuels; and a fuel that ensures constancy and security of the energy system, at affordable costs for the population). The second part of the chapter focuses on identifying and presenting the main projects that make natural gas a reliable partner for renewable resources; thus, a case study is presented regarding a joint business for producing hydrogen by a wind farm in the Dobrogea area that could become the “Hydrogen Valley,” initiated by Romgaz and OMV Petrom. Finally, the chapter concludes that for the energy sector, not only natural gas represents the optimal solution in this process, with Romania being in the privileged position of owning its gas resources, while the versatility of natural gas can ensure a just energy transition.

Suggested Citation

  • Marius Bulearcă, 2024. "How May Natural Gas Be a Reliable Partner for the Transition to Green Energy," Springer Proceedings in Business and Economics, in: Luminita Chivu & Valeriu Ioan-Franc & George Georgescu & Ignacio De Los Ríos Carmenado & Jean Vasile (ed.), Europe in the New World Economy: Opportunities and Challenges, chapter 0, pages 619-636, Springer.
  • Handle: RePEc:spr:prbchp:978-3-031-71329-3_38
    DOI: 10.1007/978-3-031-71329-3_38
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-031-71329-3_38. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.