The Global Energy Transition as the Basis for the Formation of Green Economy

Natalia N. Gavrilko, Anastasia V. Khodochenko, Luiza A. Seferyan and Marina O. Otrishko

Chapter 14 in Climate-Smart Innovation:Social Entrepreneurship and Sustainable Development in the Environmental Economy, 2023, pp 217-233 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The chapter focuses on the energy transition as a necessary prerequisite for developing a green economy. The features of the new energy transition are based on the introduction and use of clean technologies, such as renewable energy and hydrogen. The urgency of taking drastic measures to transition to green energy is connected with the speedy solution to climate problems on the planet. The countries are actively taking measures to decarbonize economic processes; businesses are adopting business strategies that include reducing the negative impact on the environment and introducing green technologies. The paper analyzes current trends in the energy sector to identify the readiness of a new energy transition to the principles of a green economy.

Keywords: Climate-smart Innovation; Social Entrepreneurship; Sustainable Development; Environmental Economy; Green Economy; Environmental Marketing; Green Entrepreneurship Practices; COVID-19; Regional Economy; Natural Territory (search for similar items in EconPapers)
JEL-codes: L26 L31 Q01 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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