Abstract
Many of the more developed countries and other members of the United Nations organization are already working hard on energy transition issues, which is nothing more than the independence of fossil energy sources and the technological foray into clean energy sources. This independence is generally achieved by replacing conventional energy sources with alternative renewable sources, and because of this, it is also necessary to adapt or replace systems using these conventional sources with systems using alternative sources. In the United States of America, they have set to work seeking to reduce dependence on oil and increasing the production of natural gas and biofuel, which will save eighteen hundred barrels of oil. In England, decarbonization and energy efficiency increase plans are carried out that proposes an 80% reduction in emissions. Likewise, efforts are made in the European Union to increase energy efficiency and renewable energy, as well as CO2 capture and nuclear energy generation, as well as cost reductions of all renewable energies of up to 53%. For its part, China represents almost half of the world's investment in renewable energy in something they call the energy revolution, despite the fact that it has also been a major importer of oil. In Latin America, Brazil is aiming at decarbonization by designing adequate mechanisms and policies for sustained development in the use of renewable energy sources, in addition to increasing the use of solar electric power generation sources, among others. In this paper, you can find the efforts made and projections on energy transition in some countries.Keywords: Energy transition, Consumption Reduction, Energy Efficiency, Decarbonization, Renewable Sources.JEL Classifications: L78, L90, O31, Q20DOI: https://doi.org/10.32479/ijeep.10116
Highlights
In all countries, alternatives to energy and fuel supply are hastily sought, this diligent and impetuous search is what creates a state of transition, where all the energy obtaining systems are put to the test to be replaced or updated by others who are more efficient friendly to the environment
The energy transition is driven by the need to better satisfy the energy consumption sectors in non-interconnected or remote areas where it is difficult to supply from the electricity grid, so renewable energy is a very viable option for these points (Batinge et al, 2019)
Some other indicators take into account this type of interaction and allow government systems worldwide to be able to make decisions on the subject more assertively. Some of these indices link to access to energy and human development as an energy development index (EDI for its acronym in English) (Organisation for Economic Cooperation and Development, 2020), the Multidimensional Energy Poverty Index (MEPI for its acronym in English) (Nussbaumer et al, 2012), The Sustainable Energy Development Index (SEDI for its acronym in English) (Iddrisu and Bhattacharyya, 2015), And the World Energy Council’s Energy Trilemma Index, among others, which provides a concept linked by three aspects such as energy security, energy equity and environmental sustainability (World Energy Council, 2020) (Vera and Langlois, 2007)
Summary
In all countries, alternatives to energy and fuel supply are hastily sought, this diligent and impetuous search is what creates a state of transition, where all the energy obtaining systems are put to the test to be replaced or updated by others who are more efficient friendly to the environment. The energy transition is something that has to take place in the countries, whether the oil reserves last for decades or not, since this can make better use of non-renewable resources since obtaining energy would not focus on this point. If not, it is supported by multiple renewable sources. Some of these indices link to access to energy and human development as an energy development index (EDI for its acronym in English) (Organisation for Economic Cooperation and Development, 2020), the Multidimensional Energy Poverty Index (MEPI for its acronym in English) (Nussbaumer et al, 2012), The Sustainable Energy Development Index (SEDI for its acronym in English) (Iddrisu and Bhattacharyya, 2015), And the World Energy Council’s Energy Trilemma Index, among others, which provides a concept linked by three aspects such as energy security, energy equity and environmental sustainability (World Energy Council, 2020) (Vera and Langlois, 2007)
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