Importance of Decentralization in Energy Transformation Process

Mantas Švažas ()
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Mantas Švažas: Vytautas Magnus University

Chapter Chapter 3 in Energy Transformation in Lithuania, 2026, pp 51-75 from Springer

Abstract: Abstract Climate change, energy crises, military actions in the world, and unstable oil prices create enormous challenges for the world’s nations. The need to use less fossil fuels opens opportunities for new or somewhat neglected green technologies. To reform the energy sector, it is necessary to have a clear and measured strategy. This allows for the identification of the potential of renewable resources in each space, while finding sources of financing for the transformation. The use of renewable resources makes it possible to solve an actual problem of the developed world—as the population of cities grows, the economic vitality of regions drops significantly. By creating new energy production capacities in the regions, social exclusion is reduced, and the main resources of the regions are better used—land areas, farms, and biomass sources. Nowadays, mankind is experiencing the third significant transformation that converts from conventional fossil fuels to new energy. The future development will go along with the three major trends—resource-type carbon reduction, production technology intensification, and utilization method diversification [1]. Based on these directions of transformation, the main investment decisions will be made, which will promote the progress of the energy system. Humanity is so far the least advanced in carbon collection and burial technologies, but the development of other trends allows for tangible progress.

Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-032-02987-4_3

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DOI: 10.1007/978-3-032-02987-4_3

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