Green Trend in Global Energy Development: Tendencies and Opportunities

Larisa D. Petrenko
Additional contact information
Larisa D. Petrenko: Department of management of construction and housing and communal services, Industrial University of Tyumen, Russia.

International Journal of Energy Economics and Policy, 2021, vol. 11, issue 5, 1-7

Abstract: The actualization of global environmental problems necessitates transformational changes in the global energy sector. The intensification of global trends toward decarbonization leads to alteration in the energy sector. The sustainable development of the renewable energy sector is driven by the greening of global development and will be long-term in nature due to a progressive reduction in its cost and the achievement of stable energy efficiency indicators. The intensive growth of the renewable energy sector is primarily supported by government financial support as part of sustainable development strategies. Various forms of state support for projects for the development of alternative energy sources are used in achieving targets for the potential of renewable energy sources at the national level. Its role gradually decreases as the degree of maturity of alternative energy is reached. Further development of energy policies at the national level will take place in the increased use of market support instruments.

Keywords: Global Energy; Sustainable Development; Renewable Energy Sources; Green Economy; Decarbonization; Energy Policy (search for similar items in EconPapers)
JEL-codes: O13 P28 Q42 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/11094/5992 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/11094/5992 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2021-05-1

Ordering information: This journal article can be ordered from
https://econjournals.com/index.php/ijeep

Access Statistics for this article

More articles in International Journal of Energy Economics and Policy from International Journal of Energy Economics and Policy
Bibliographic data for series maintained by Monica Sinhat ().