The changing role of energy in society

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Chapter 2 in Energy Innovation for the Twenty-First Century, 2019, pp 21-46 from Edward Elgar Publishing

Abstract: Global energy demand is rising by about 2 per cent per year. The global energy system is still dominated by fossil fuels. Energy demand has saturated in developed countries but is growing rapidly in emerging economies. Supply security has been a driver of energy policy in the past, but the mitigation of climate change is now a key consideration. Scenarios and projections of future global energy systems tend to agree that renewables and natural gas will expand in the medium term. There is less agreement about coal and oil largely because of uncertainty about the success of future climate policy. The falling cost and rising deployment of renewable energy, plus the shale revolution in the United States, have been defining features of the global energy system over the last decade.

Keywords: Economics and Finance; Environment; Innovations and Technology (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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