Energizing the Now: Navigating the Critical Landscape of Today’s Energy Challenges—An In-Depth Review

Catalin Popescu, Simona Andreea Apostu, Irina Gabriela Rădulescu, Jianu Daniel Mureșan and Alina Gabriela Brezoi
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Simona Andreea Apostu: Department of Statistics and Econometrics, Bucharest University of Economic Studies, Calea Dorobanți, 15-17, Sector 1, 010552 Bucharest, Romania
Irina Gabriela Rădulescu: Business Administration Department, Faculty of Economic Sciences, Petroleum-Gas University of Ploiesti, B-dul Bucuresti, No.39, 100680 Ploiesti, Romania
Jianu Daniel Mureșan: Business Administration Department, Faculty of Economic Sciences, Petroleum-Gas University of Ploiesti, B-dul Bucuresti, No.39, 100680 Ploiesti, Romania
Alina Gabriela Brezoi: Business Administration Department, Faculty of Economic Sciences, Petroleum-Gas University of Ploiesti, B-dul Bucuresti, No.39, 100680 Ploiesti, Romania

Energies, 2024, vol. 17, issue 3, 1-26

Abstract: Today’s energy challenges are multifaceted. Over the past 30–40 years, energy issues have been discussed and published on an extensive scale. The green transition involves concrete actions related to increasing energy efficiency, replacing fossil fuels with alternative fuels, producing energy using renewable resources, creating various means of transport that use electric motors, identifying technical solutions that generate an increased energy yield in the case of buildings, and waste reduction, reuse and recycling. In order to attain a climate-neutral environment, it is mandatory to impose regulations, measures and actions to help decarbonize the energy sector. The analysis of published articles on these issues is the subject of this large and information-dense review. Concretely, the transition to climate neutrality will generate obvious advantages at an economic, social and technological level, for example, the opportunity for economic growth, new business models and new markets, and the generation of new jobs or technological development. At the same time, this paper underscores the need for a multifaceted approach, integrating technological innovation, policy intervention and global cooperation for an effective energy transformation. The review suggests future issues and research directions, focusing on viable strategies for energy transition and its socio-economic environmental impacts.

Keywords: energy transition; renewable energy; competitiveness of economies; resilience of energy markets; energy efficiency; greenhouse gas (GHG) emissions; decarbonization; climate neutrality; energy security; energy poverty (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2024
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