Energy in Transition: Investing in Green Energy and Circular Economy to Enhance Energy Security

Abstract

“Business as usual” is no longer an option for the energy sector. The predominant task of policymakers, business leaders and other stakeholders involved in energy is to find ways to accelerate the process for delivering the vast amounts of low-carbon energy that will be needed in the coming decades to support economic growth. The politics of the debate over scrambling to secure hydrocarbon resources versus reducing consumption through efficiency and use of alternatives is emerging as a new focal point in the geopolitics of energy. A significant milestone in the attempt to transform our energy systems is the ambitious agreement reached by the United Nations climate change conference in Paris. The EU is committed to the prompt ratification of the Paris Agreement as part of the Energy Union strategy. A vast number of companies are already well advanced in the employment of low-emission strategies, while, motivated by consumer choices and existing regulations, enhancing their corporate social responsibility agenda.