Strategies to Balance Energy Security, Business, Trade and Sustainable Development

2020 ◽  
Author(s):  
Paolo Davide Farah
Keyword(s):  
Sustainable Development ◽  
Energy Security ◽  
Balance Energy ◽  
Security Business

Strategies to balance energy security, business, trade and sustainable development: selected case studies†

2020 ◽  
Vol 13 (2) ◽  
pp. 95-99
Author(s):  
Paolo Davide Farah
Keyword(s):  
Sustainable Development ◽  
Energy Consumption ◽  
Energy Policy ◽  
Energy Security ◽  
Cultural Development ◽  
Energy Sources ◽  
Low Carbon ◽  
Negative Effects ◽  
Balance Energy ◽  
Security Business

Abstract Energy is pivotal for socio-economic and cultural development. Last century witnessed a drastic increase, on one hand on the consumption of energy and, on the other on greenhouse gases emissions. Traditionally, energy security has been linked with the need to guarantee supply and, in turn, enables economic growth. Against this background, countries focused on diversifying both energy sources and trade partners while at the same time increasing investment in energy infrastructure and technology. Investment in low-carbon energy sources for enhancing national energy policies prompts for a new understanding of energy security. The aim is, in fact, not anymore limited to securing provision but also to strengthen diversification and counteract the negative effects of energy consumption on the environment. The need to include a sustainability component to energy in trade, business and in the society at large, is adding a further layer of complexity in shaping national and international energy policy. Strategies to balance energy security, business, trade, and sustainable development are urgently needed in the Anthropocene. Creative and innovative approaches to energy policy could be found in countries where energy consumption is on a steady rise and environmental degradation is crystal clear.

scholarly journals GLOBAL ENERGY SECURITY

2020 ◽  
pp. 134-145
Author(s):  
Envarbik M. Fazelianov ◽  
Keyword(s):  
Sustainable Development ◽  
International Organizations ◽  
Energy Security ◽  
Energy Strategy ◽  
Entire Energy ◽  
Global Nature ◽  
The Common ◽  
Main Components ◽  
Energy Community ◽  
Further Development

This article analyzes the problem of energy security as a factor of global sustainable development. The energy sector faces new challenges, as well as expanding opportunities for both developed and developing countries. The global nature of energy security increasingly requires the formation of an international energy strategy that allows us to look into the common energy future, and the further development of a broad dialogue on energy issues between various countries and relevant international organizations. The relevance of this article is of interest to the entire energy community. The problem and the main components of energy security are in the field of view of summits, attract the attention of various international forums, and its solution is interlinked with sustainable development, climate change and the environment.

scholarly journals GREEN DEAL STRATEGIC CONTEXT FOR UKRAINE

2021 ◽  
Author(s):  
Dmytro Palamarchuk ◽  
Keyword(s):  
Energy Efficiency ◽  
Sustainable Development ◽  
Energy Saving ◽  
Energy Security ◽  
Renewable Energy Sources ◽  
Nature Management ◽  
High Tech ◽  
Energy Strategy ◽  
Green Technologies ◽  
Strategic Context

The strategic context of the European Green Agreement for Ukraine analyzed in the article. Ways for developing the process of formation the tasks and measures for the second and third stages of implementation the “Energy Strategy of Ukraine until 2035: security, energy efficiency, competitiveness” were elaborated. The strategic priorities of Ukraine in the field of energy efficiency, energy security and energy saving identified due to the contemporary trends and prospects for EU development in the direction of energy efficiency and energy saving. Moreover, these priorities considering the European integration orientation of Ukraine. The main elements of the European Green Agreement, the scope of EU policy on its implementation are outlined. The provisions of “Energy Strategy of Ukraine until 2035: security, energy efficiency, competitiveness” correlated with the provisions of the European Green Agreement. The necessity of formation the priorities and measures of strategy on the basis of concepts of energy efficiency, energy safety and sustainable development is substantiated. It is substantiated that the existing legislative and regulatory support in the field of nature management and environmental protection is insufficient and doesn’t correspond to modern economic and social situations. Moreover, external and internal threats to the strategy implementation have been identified. The algorithm for the formation and implementation of the energy security and energy efficiency strategy has been developed. The main directions of structural restructuring of the economy and placement of productive forces are worked out within the framework of the strategy due to the requirements of sustainable development and energy security. It was grounded that. The innovative direction of development should be decisive and based on active use of knowledge and scientific achievements, stimulation of innovative activity, creation of favorable investment climate, renewal of production means, formation of high-tech activities and branches of economy. Growth based on attracting investment in the use of renewable energy sources, in environmentally friendly production and “green” technologies.

Arctic Connectivity for Sustainable Development

2019 ◽  
pp. 24-54 ◽  
Author(s):  
Vasilii Erokhin
Keyword(s):  
Sustainable Development ◽  
Energy Security ◽  
Arctic Region ◽  
Energy Resources ◽  
The Arctic ◽  
Northern Europe ◽  
International Regulations ◽  
The Usa ◽  
History Of ◽  
Transportation Routes

The Arctic possesses about one-quarter of the world's untapped energy resources and abundant deposits of minerals. The region has always been in the focus of geopolitical interests of the USA, Russia, countries of Northern Europe, and Canada. However, with an opening of the previously ice-jammed waterways, new potential sites with vast resources have been identified and explored. Diversified transportation routes are of paramount importance to the economic and energy security of energy importing countries, particularly non-Arctic ones. As the Arctic becomes a focus of interest of many regional and non-regional actors, it is crucial to identify the dangers such a boom may bring. This chapter reviews the history of the Arctic policies of major actors in the region, overviews the contemporary approaches to the development of the Arctic, and discusses how varying interests and policies can be translated into the effective international regulations for the benefit of the entire Arctic region, its people, environment, and sustainable development.

Linking Solar Energy Systems to Sustainable Development Goals in Africa

2020 ◽  
pp. 64-84
Author(s):  
Ademola A. Adenle
Keyword(s):  
South Africa ◽  
Sustainable Development ◽  
Solar Energy ◽  
Energy Security ◽  
Poverty Reduction ◽  
Fossil Fuels ◽  
Sustainable Development Goals ◽  
Vital Role ◽  
Energy Technologies ◽  
Development Goals

Energy was not stated as one of the millennium development goals (MDGs) but played an indirect role in helping meet the MDGs especially in the areas of housing, health, education, and poverty reduction in Africa. In contrast, the United Nations’ 2030 agenda includes 17 sustainable development goals (SDGs), one of which is devoted to energy. SDG7 seeks to ensure “access to affordable, reliable, sustainable, and modern energy for all,” thereby creating a vital role for the energy sector to join in the task of achieving SDGs. Renewable energy including solar energy will play a significant role in improving energy security in Africa and diversifying the energy mix by reducing reliance on fossil fuels. This chapter examines the advantages of solar technologies in the context of social, economic, and environment benefits using case studies from Kenya and South Africa. This chapter also examines some of the key challenges that are associated with the application of solar energy technologies in these countries. Finally, the chapter discusses how solar energy technologies can help meet SDGs and summarizes policy and programs targeting the promotion of solar energy technologies for the implementation of SDGs.

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 MECHANISM OF FINANCING ENERGY EFFECTIVE MEASURES IN CONDITIONS OF SUSTAINABLE DEVELOPMENT OF SOCIETY

2018 ◽  
pp. 71-77
Author(s):  
Halyna Pyrih ◽  
Vasyl Fayfura ◽  
Andrii Кrupka
Keyword(s):  
Public Policy ◽  
Energy Efficiency ◽  
Sustainable Development ◽  
Energy Saving ◽  
Energy Security ◽  
Bank Loans ◽  
Positive Experience ◽  
Efficiency Measures ◽  
Financing Mechanism ◽  
The Eu

The article offers a brief analysis of the mechanism of financial provision of energy saving measures. Particular attention is paid to the financing mechanism of projects, which relate to energy efficiency using credit resources provided by banks. The sources and mechanisms of financing energy efficiency measures in Ukraine are considered. In particular those are budget, bank loans, own funds of enterprises and population. Scientific and methodological and practical works are analysed. The main ways of energy saving research are defined. The directions of ensuring the energy security of Ukraine are generalised. The positive experience of the EU energy saving policy is analysed. The functioning of institutional mechanisms of public policy realization in the field of energy conservation is investigated. The tendencies of this policy realization are defined. The factors that influence its development are grounded.

Sign in / Sign up

Export Citation Format

Share Document