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Renewable Energy Sources and Technologies for the Transition to a Climate Neutral Economy

Florin Bonciu

Global Economic Observer, 2021, vol. 9, issue 1, 180-186

Abstract: 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.

Keywords: renewable energy sources; climate neutral economy; feasible technologies (search for similar items in EconPapers)
JEL-codes: O33 O44 Q42 Q56 (search for similar items in EconPapers)
Date: 2021-06
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Handle: RePEc:ntu:ntugeo:vol9-iss1-180-186