Energy in Transition: Investing in Green Energy and Circular Economy to Enhance Energy Security

2020 ◽  
pp. 225-245
Author(s):  
Spyros Kiartzis ◽  
Katerina Tsita ◽  
Evangelia Paschalidou
Keyword(s):  
Circular Economy ◽  
Energy Security ◽  
Green Energy

scholarly journals The North-South Gas Corridor in the Context of Poland’s Gas Transmission System—A Perfect Opportunity to Diversify Gas Resources

Energies ◽  
2021 ◽  
Vol 14 (21) ◽  
pp. 7188
Author(s):  
Wiktor Hebda
Keyword(s):  
Energy Security ◽  
Field Research ◽  
Green Energy ◽  
Coal Production ◽  
The North ◽  
System A ◽  
State Of Affairs ◽  
High Level ◽  
Huge Challenge ◽  
Gas Supply

The energy sector in Poland is currently calling for dynamic redevelopment and cleaner energy. This country is world famous for its high level of coal production, from which it does not want to retreat in the next two decades. For this reason, it is safer to gradually reduce the use of coal while increasing the consumption of gas and simultaneously developing green energy. However, the Polish gas sector is still dependent on Russian gas supplied through the Yamal gas pipeline. Taking into consideration Polish geopolitics, this state of affairs poses a huge challenge and a threat to Poland’s energy security. That is why the concept of the North-South Gas Corridor was introduced. It is intended to be a network of gas pipelines that connect the countries of Central and South Europe to two gas terminals (in Poland and Croatia), which will supply gas from a chosen source. This article presents the current condition of the gas sector in Poland. It focuses on the North-South Gas Corridor project and its impact on the energy security of Poland. An analysis of documents and field research shows that the North-South Gas Corridor provides Poland with an opportunity to diversify the sources and directions of gas supply over the next few years.

scholarly journals Future Directions for Power System Interconnection from Korea’s Perspective

2021 ◽  
pp. 48-53
Author(s):  
J. Yoon ◽  
S. Song
Keyword(s):  
Power System ◽  
Energy Security ◽  
Green Energy ◽  
Energy Utilization ◽  
Stable Operation ◽  
Interconnected System ◽  
Future Directions ◽  
System Interconnection ◽  
Term Energy ◽  
Northeast Asian

The power system interconnection between Northeast Asian countries has been discussed since 2000 but has not been realized to date due to various obstacles. This paper specifies the expected future energy policy, long-term energy supply plan, and necessity of power interconnection from the Korean viewpoint, including the climate change agreement. There are very many interconnection scenarios presented by various institutes in NEA countries now. These studies contain the overall preliminary feasibility results but do not consider the environmental effects, energy security, and market reforms. Do these existing studies show how we could interconnect specific countries? This paper discusses the trading potentials for green energy utilization between countries and some obstacles to be removed to promote the energy interconnection projects from technical, economic, marketable, and energy security standpoints. Especially, energy security in terms of politics, as well as vulnerability characteristics of renewable energy, could cause the interconnected system blackouts. These could be a serious obstacle to realization and continuous stable operation of these interconnection projects. Finally, this paper will specify the future directions and possible scenarios for power system interconnection by integrating these issues comprehensively from Korea's perspective.

scholarly journals Lithium in the Green Energy Transition: The Quest for Both Sustainability and Security

2021 ◽  
Vol 13 (20) ◽  
pp. 11274
Author(s):  
John D. Graham ◽  
John A. Rupp ◽  
Eva Brungard
Keyword(s):  
Energy Security ◽  
Energy Transition ◽  
The United States ◽  
Green Energy ◽  
Security Risks ◽  
Dominant Position ◽  
Alternative Technologies ◽  
Global Rate ◽  
Global Demand ◽  
Made In

Considering the quest to meet both sustainable development and energy security goals, we explore the ramifications of explosive growth in the global demand for lithium to meet the needs for batteries in plug-in electric vehicles and grid-scale energy storage. We find that heavy dependence on lithium will create energy security risks because China has a dominant position in the lithium supply chain and both Europe and North America seek to curtail reliance on China throughout their supply chains. We also find that efforts to expand lithium mining have been much less successful in Chile, the United States, and Europe than in Australia. Local communities resist licensing of new lithium mines due to a variety of environmental, social, and economic concerns. There are alternative technologies that may make lithium mining more sustainable such as direct lithium extraction, but the timing of commercialization of this process is uncertain. Progress is also being made in battery recycling and in alternative battery designs that do not use lithium. Such advances are unlikely to attenuate the global rate of growth in lithium demand prior to 2030. We conclude that tradeoffs between sustainability and energy security are real, especially in the next decade.

scholarly journals The Current State and Problems of the World Energy Market

2021 ◽  
Vol 5 (520) ◽  
pp. 29-34
Author(s):  
O. V. Chernova ◽  
◽  
I. V. Мorozova ◽  
Keyword(s):  
Energy Saving ◽  
Energy Security ◽  
Green Energy ◽  
Ecological Crisis ◽  
International Terrorism ◽  
Energy Market ◽  
Energy Problem ◽  
Current State ◽  
World Energy ◽  
The World

The article is aimed at carrying out a comprehensive analysis of the current state of the world energy market, identifying the main problems of its functioning, and substantiating possible ways to solve them. The research considered the structure of the world energy market, provided a description of its main components. The essence of the energy problem is analyzed, the main causes of its occurrence are defined. It is found that the energy problem occupies a significant place among such global problems of humanity as the threat of nuclear war, epidemic, ecological crisis, demographic problems, international terrorism, etc. A dynamic analysis of the use of traditional energy in the world is carried out. It is determined that due to the limited global reserves of natural gas and oil, in the near future it will be impossible to meet the growing demand of humanity for energy resources. The rating of countries that are trying to actively develop green energy at the State level is presented. The main methods of energy saving of leading countries of the world are highlighted. An analysis of the scale of investment in energy efficiency and energy saving of the leading world countries is carried out. It is determined that China is the leader in investments in green energy. During the research, the essence of the concept of «energy security» is disclosed and its main priorities in the application by different countries are specified. The most important aspects of international energy security are defined. The tendencies of further development of the world energy market are highlighted and the main ways of solving energy problems are proposed.

scholarly journals Global energy security and international economic development

2020 ◽  
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Circular Economy ◽  
Energy Security ◽  
Global Economy ◽  
Business Models ◽  
Clean Energy ◽  
Resource Saving ◽  
Use Of Resources ◽  
General Functioning

Energy security is at the top of the international political and economic agenda due to its importance for the economic and social development of individual countries, for relations between them, for the global economy and the environment. Indeed, it is difficult to imagine an area where countries are more interdependent than at the confluence of energy, environment, and economic development. Energy security has implications for domestic and foreign policy. This means the interdependence between producer and consumer, where mutual vulnerability and a win-win opportunity are short-term and long-term. The work systematizes the types of energy with the goal of sustainable development: the balance of economic, social, and environmental components, through a model of a circular economy, which allows achieving energy security. The first step is switching from carbon-based energy (oil, gas, coal) to clean energy (solar, wind, hydropower, etc.). However, it is also important to act on the principle of energy efficiency, which is to measure the difference between the actually used energy and the total energy consumed (often higher due to losses). The principle of the circular economy of achieving the most efficient use of resources is the most essential for the development of innovative solutions aimed at the transition to clean energy. Having studied the various approaches by comparison and analogy, we can conclude that the Concept of the circular economy offers effective business models to ensure environmentally friendly resource use, contributing to the achievement of sustainable development goals of society. The article used historical and statistical methods, as well as a system approach to the study of economic phenomena, which helped to identify the relationship between all elements and their roles in the general functioning of the circular economy. Using the method of comparison and scientific modeling, the role of the circular economy in resource-saving, minimizing waste and reducing pressure on the environment is revealed, while achieving significant economic and social results in energy security.

scholarly journals Assessing The Economic Viability And Fueling Capacity of Renewable Hydrogen: A Way Forward For Green Economic Performance And Policy Measures

2021 ◽  
Author(s):  
Baijun Wu ◽  
Bingfeng Zhai ◽  
Huaizi Mu ◽  
Xin Peng ◽  
Chao Wang ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Wind Power ◽  
Energy Security ◽  
Power Plants ◽  
Large Scale ◽  
Net Present Value ◽  
Green Energy ◽  
Economic Production ◽  
New Energy ◽  
Renewable Hydrogen

Abstract Energy security and environmental measurements are incomplete without renewable energy therefore there is a dire need to explore new energy sources. Therefore, the aim of this study is to measure the wind power potential to generate the renewable hydrogen including its production and supply cost. We used first order eneginnering model and net present value to measure the levelized cost of wind generated renewable hydrogen by using the data source of Pakistan metorological department and State bank of Paksitan. Results shows that the use of surplus wind and renewable hydoregn energy for green economic production is suggested as an innovative project option for large-scale hydrogen use. The key annual running expenses for hydrogen are electricity and storage cost, which have a major impact on the costs of renwable hydrogen. Also, the results indicates that project has the potential to cut CO2 pollution by 139 million metric tons and raise revenue for wind power plants by 2998.52 million dollars. The renewable electrolyzer plants avoided CO2 at a rate of 24.9–36.9 $/ton under baseload service, relative to 44.3 $/ton for the benchmark. However, in the more practical mid-load situation, these plants have a significant benefit. Further, the wind generated renewable hydrogen deliver a 6–11% larger than annual rate of return than the standard CO2 catch plant due to their capacity to remain running and supply hydrogen to the consumer through periods of plentiful wind and heat. Also, the measured levelized output cost of hydrogen (LCOH) was 6.22$/kgH2 and for the PEC system, it was 8.43 $/kgH2. Finally, its mutually agreed consensus of the environmental scientist that integration of renewable energy is the way forward to increase energy security and environmental performance by ensuring uninterrupted clean and green energy. Further, this application has the potential to address Pakistan’s urgent issues of large-scale surplus wind and solar-generated energy, as well as rising enegry demand.

scholarly journals Valuation of Energy Security for Natural Gas—European Example

Energies ◽  
2021 ◽  
Vol 14 (9) ◽  
pp. 2678
Author(s):  
Piotr Kosowski ◽  
Katarzyna Kosowska
Keyword(s):  
Natural Gas ◽  
Energy Security ◽  
Stochastic Modelling ◽  
Optimal Level ◽  
Primary Energy ◽  
Green Energy ◽  
Point Of View ◽  
Potential Cost ◽  
Energy Companies ◽  
Gas Supply

Recently there has been an ongoing discussion about energy security. This has been caused by tensions affecting international relations, and the emergence of new geopolitical threats. As one of the main sources of primary energy, natural gas is an obvious subject of interest in this discussion. In Europe, the natural gas market is rapidly evolving, which has resulted in a lack of clarity regarding who is responsible for the security of the gas supply. It is not clear now how to measure the security of the gas supply in economic estimates and by whom that security should be financed. In this paper, the authors present an approach which can be used for valuation of energy security concerning the security of natural gas storage using stochastic modelling based on the mathematical model of the “Newsvendor problem”. The valuation is made from the point of view of countries and considers their individual attitudes to the risk of disruption of deliveries, which is a novel approach to the problem. The authors believe that the current level of storage capacities, as compared to the demand for natural gas, can show the attitude of each country to the risk and potential cost of stockout. In line with this belief, the target value in the model is not the optimal level of inventory, but the cost of stockout. The results show significant variations in the assessment of the risk. The future of natural gas as an important fuel and source of primary energy in Europe is not clear and unfavorable changes have been sped up by the COVID-19 pandemic. Gas (energy) companies in Europe are turning to decarbonization and green energy, and the pandemic has accelerated these changes. European energy companies used to see the use of natural gas as a transition fuel and a key component of their long-term decarbonization strategies, but now they are switching to multi-energy models through massive investments in renewables and hydrogen. Experts expect that gas will remain an important part of Europe’s energy supply, but it may be gradually replaced by hydrogen and renewables.

Sign in / Sign up

Export Citation Format

Share Document