This book opens up a critical dimension of energy transition taking in account multidimensional challenges on economic, social and environmental fields. The book discusses the trends in the field of energy transition and evolving practices adopted by public authorities and companies for betterment of environment and society. The editors (4) identify directions and challenges involved in the energy transition. The novelty of this book is the multidisciplinary approach, being presented the economic, social and environmental challenges involved in the energy transition. The energy transition is accompanied by a complex process of changing attitudes and behaviors of energy consumers and producers. The consequences are profound not only economically and environmentally but also socially, renewable energy being a solution for energy poverty reduction and development of rural communities. Therefore, certain social and environmental problems generated by energy poverty are solved by using renewable energy. Moreover, the complexity of the phenomenon is presented not only in terms of the analysis of the main sources of renewable energy but also the ethical aspects involved in the use of sources such as biofuels. In the case of this source, the main problem is whether the use of certain agricultural products for the production of biofuels threatens food security, especially in rural areas.
All categories of stakeholders must show responsibility and get involved in this complex process which requires a remarkable technical and financial effort. The energy transition can offer innovative solutions through which the impact of economic activity on the environment is minimized, and in this way, industrial ecology achieves its objectives to support sustainable development. The demands imposed by industrial ecology must shape not only the behavior of oil and gas companies but also of entities involved in the production and consumption of renewable energy. Given the negative externalities generated, companies in the fossil fuel sector have become increasingly socially responsible, their social and environmental performance (non-financial) being presented in detail in the annual sustainability reports to inform stakeholders. Therefore, this book is an important read not only for scholars, but also for those who are interested in ensuring an environmentally sustainable future taking in account energy transition challenges.
Author(s): Syed Abdul Rehman Khan, Mirela Panait, Felix Puime Guillen, Lukman Raimi
Series: Industrial Ecology
Publisher: Springer
Year: 2022
Language: English
Pages: 313
City: Singapore
Contents
Technological Revolution in Industrial Ecology
1 Industrial Ecology
1.1 Main Attributes
2 Technological Revolution
3 Industrial Revolution
4 Artificial Intelligence
4.1 Importance of AI
4.2 Usage of AI
5 Block Chain Technology
5.1 Blockchain Technology and Industrial Ecology
5.2 Blockchain Potential for Environmental Sustainability
5.3 Companies Practices for the Usage of Blockchain Technology
6 Big Data Analytics
6.1 The Lifecycle of Big Data Analytics
6.2 Different Types of Big Data Analytics (Russom 2011)
6.3 Big Data Analytics Tool
6.4 Uses of Big Data Analytics and Examples
7 Big Data Analytics and Industrial Ecology
8 Conclusion
9 Future Research Directions
References
The Transition to Renewable Energy—A Sustainability Issue?
1 Introduction
2 The Energy Transition—Challenges and Opportunities
3 The Evolution of Methods for Obtaining Energy from Renewable Sources
4 European Union and Energy Transition
5 Conclusions
Annex
References
Renewable Energy as a Promising Venue for China-Russia Collaboration
1 Introduction
2 Renewable Energy in China and Russia: Comparative Analysis
2.1 Overview
2.2 Hydropower
2.3 Wind Energy
2.4 Solar Energy
2.5 Other Renewables
3 Regulatory Framework
3.1 Sustainable Development Approach
3.2 China
3.3 Russia
4 Gaps and Challenges
5 Prospects for China-Russia Collaboration
5.1 Future-Oriented Outlook
5.2 Cross-Border Collaboration in the Far East and Russia’s North
5.3 Mechanisms
6 Conclusion
References
Sustainability Evaluation of Power Systems Using MCDM Techniques
1 Introduction and Objectives
2 Materials and Methods: Multi-criteria Decision Making (MCDM) Techniques
2.1 Direct Scoring Method: SAW
2.2 Pairwise Comparison Method: AHP
2.3 Distance-Based Method: TOPSIS
2.4 Distance-Based Method: VIKOR
2.5 Outranking Method: PROMETHEE
2.6 Utility Method: MIVES
3 Case Study: Non-renewable and Renewable Power Plants
4 Results and Discussion
5 Conclusions and Future Developments
References
The New Wind Energy Boom in Spain: Are Large Companies Once Again Dominating the Market?
1 Introduction
2 The Wind Power Market: Generation, Distribution and Players
2.1 Energy Value Chain
2.2 Spanish Electricity Market
2.3 The Role of the Power Grid in the Market
3 Evolution of the Spanish Institutional Framework Applied to Wind Power Technology
4 Methodology
5 Results
6 Conclusions
References
Assessment of Electricity Market Liberalization in CEE Economies: A Multicriteria Approach
1 Introduction
2 Literature Review
3 Developments in the CEE Electricity Markets During 2007–2019
4 Data and Methodology
4.1 The Data
4.2 Methodology
5 Ranking Results
6 Conclusions
Appendix
References
The Economic Impact of the Coronavirus Pandemic (COVID-2019): Implications for the Energy Sector
1 Introduction
2 Literature Review
3 Data, Methodology and Testable Hypotheses
3.1 Data
3.2 Methodology
3.3 Testable Hypotheses
4 Presentation and Analysis of Results
5 Summary and Concluding Remarks
Appendix A
Appendix B
Appendix C
References
Impact of Biofuels Production on Food Security on Selected African Countries
1 Biofuels. An Introduction
2 Using Biofuels in the New Energy Era. Advantages and Disadvantages
3 Fuel Versus Food: Are Biofuels Jeopardizing Food Security?
4 Food and Fuel: Solutions for Reconciliation
5 Analysis of the Biofuels Production and Food Security for the Selected Countries
5.1 Analysis of the Evolution of Renewables Energies
5.2 Analysis of the Evolution of Food Security
5.3 Analysis of the Biofuels Production and Food Security
6 Conclusions
References
Exploring the Relationship Among Economic Growth, Energy Consumption, Carbon Emission and Trade: A Panel Vector Error Correction Model (VECM) Analyses
1 Introduction
2 Literature Review
3 Methodology and Results
3.1 Data
3.2 Panel Unit Root Test
3.3 Panel Cointegration Test
3.4 Panel Causality Test
4 Discussion and Policy
5 Conclusion
References
Corporate Social Responsibility in the Energy Sector: Towards Sustainability
1 Introduction
2 Corporate Social Responsibility of Energy Companies to Support Sustainable Activities
3 Corporate Social Responsibility of Georgian Energy Companies
4 Corporate Social Responsibility of Energy Companies: The Experience of Bulgaria
5 Achieving Sustainability through Sustainable Resources. Renewable Energy Sources in Georgia and Bulgaria
6 Conclusions
References
Energy Transition in European Union—Challenges and Opportunities
1 Introduction
2 Energy Transition—General Perspectives
3 Energy Transition in Europe—Politically Driven Process
4 Energy Efficiency
5 The Current Energy Market
6 Energy Spot Market
7 Energy and Energy System in Romania
8 Energy Security in Europe and in Romania
9 Conclusions
References
