Renewable Energy Sources and Technologies for the Transition to a Climate Neutral Economy
The paper focuses on the feasibility of the transition to a climate neutral economy from the point of view of existing technologies, the surface occupied by renewable energy power plants, the materials needed and the cost of energy production. Based on the existing situation and using rather conserv...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University
2021-06-01
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| Series: | Global Economic Observer |
| Subjects: | |
| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_1/geo_2021_vol9_no1_art_020.pdf |
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| _version_ | 1849392783518859264 |
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| author | FLORIN BONCIU |
| author_facet | FLORIN BONCIU |
| author_sort | FLORIN BONCIU |
| collection | DOAJ |
| description | The paper focuses on the feasibility of the transition to a climate neutral economy from the point of view of existing technologies, the surface occupied by renewable energy power plants, the materials needed and the cost of energy production. Based on the existing situation and using rather conservative estimates regarding the energy supply from renewable sources as compared to the energy demand of the global economy, the conclusion is that this transition is fully feasible and that already some renewable sources of energy are costeffective compared to the use of classical fuels, such as coal. The paper also highlights the importance of consistent political decisions in favour of this decade-long transition and the leading role of the European Union in this respect. |
| format | Article |
| id | doaj-art-9e08a6ae0f094613a7a20460af301b63 |
| institution | Kabale University |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2021-06-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-9e08a6ae0f094613a7a20460af301b632025-08-20T03:40:42ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502021-06-0191180186Renewable Energy Sources and Technologies for the Transition to a Climate Neutral EconomyFLORIN BONCIU0Institute for World Economy, Romanian Academy Economic analysis of the international situation ROMANIA, fbonciu@gmail.comThe paper focuses on the feasibility of the transition to a climate neutral economy from the point of view of existing technologies, the surface occupied by renewable energy power plants, the materials needed and the cost of energy production. Based on the existing situation and using rather conservative estimates regarding the energy supply from renewable sources as compared to the energy demand of the global economy, the conclusion is that this transition is fully feasible and that already some renewable sources of energy are costeffective compared to the use of classical fuels, such as coal. The paper also highlights the importance of consistent political decisions in favour of this decade-long transition and the leading role of the European Union in this respect.http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_1/geo_2021_vol9_no1_art_020.pdfrenewable energy sourcesclimate neutral economyfeasible technologies |
| spellingShingle | FLORIN BONCIU Renewable Energy Sources and Technologies for the Transition to a Climate Neutral Economy Global Economic Observer renewable energy sources climate neutral economy feasible technologies |
| title | Renewable Energy Sources and Technologies for the Transition to a Climate Neutral Economy |
| title_full | Renewable Energy Sources and Technologies for the Transition to a Climate Neutral Economy |
| title_fullStr | Renewable Energy Sources and Technologies for the Transition to a Climate Neutral Economy |
| title_full_unstemmed | Renewable Energy Sources and Technologies for the Transition to a Climate Neutral Economy |
| title_short | Renewable Energy Sources and Technologies for the Transition to a Climate Neutral Economy |
| title_sort | renewable energy sources and technologies for the transition to a climate neutral economy |
| topic | renewable energy sources climate neutral economy feasible technologies |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_1/geo_2021_vol9_no1_art_020.pdf |
| work_keys_str_mv | AT florinbonciu renewableenergysourcesandtechnologiesforthetransitiontoaclimateneutraleconomy |