IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2021-02-19.html
   My bibliography  Save this article

Renewable Energy Development: Opportunities and Barriers within the Context of Global Energy Politics

Author

Listed:
  • Philip E. Agbonifo

    (Department of Oil and Gas Management, The American University of Kurdistan, Duhok, Kurdistan Region of Iraq, Iraq)

Abstract

This paper resonate current debate on renewable energy developments (RED) with emphasis on opportunities, barriers and related issues within the context of global energy politics. Energy is a strategic commodity that is required to meet basic needs of the society. A sizeable portion of primary energy demand is met through conventional fossil fuels which are a finite resource, but RED is an important step towards environmental, social and economic development. It is central to environmental protection, social security, economic prosperity, increase access to clean, efficient energy and provide a basis to address sustainable development needs. RED enables the exigencies of the present generations to be met without compromising the ability of future generations to meet their own needs. Thus, this paper lend a voice to the current debate and provide a framework to comprehend the opportunities and challenges associated with RED. It include investment in renewable energy infrastructure, institutional governance, technological innovation, legislation, country specific economic needs, subsidies, lack of coherent energy policy, poorly conceptualize climate change policy framework and increasing global population.

Suggested Citation

  • Philip E. Agbonifo, 2021. "Renewable Energy Development: Opportunities and Barriers within the Context of Global Energy Politics," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 141-148.
    • Handle: RePEc:eco:journ2:2021-02-19
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/10773/5715
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/10773/5715
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hess, David J., 2014. "Sustainability transitions: A political coalition perspective," Research Policy, Elsevier, vol. 43(2), pages 278-283.
    2. Naim Hamdia Afgan, 2010. "Sustainability Paradigm: Intelligent Energy System," Sustainability, MDPI, vol. 2(12), pages 1-19, December.
    3. Adil Najam & Cutler Cleveland, 2003. "Energy and Sustainable Development at Global Environmental Summits: An Evolving Agenda," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 5(1), pages 117-138, March.
    4. Steven Chu & Arun Majumdar, 2012. "Opportunities and challenges for a sustainable energy future," Nature, Nature, vol. 488(7411), pages 294-303, August.
    5. I. A. Vera & L. M. Langlois & H. H. Rogner & A. I. Jalal & F. L. Toth, 2005. "Indicators for sustainable energy development: An initiative by the International Atomic Energy Agency," Natural Resources Forum, Blackwell Publishing, vol. 29(4), pages 274-283, November.
    6. Rogge, Karoline S. & Reichardt, Kristin, 2016. "Policy mixes for sustainability transitions: An extended concept and framework for analysis," Research Policy, Elsevier, vol. 45(8), pages 1620-1635.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhou, Lianjie & Hu, Junhui & Liu, Dongshuang & He, Mengwei, 2023. "Studying the role of fiscal policy to utilize natural resources development: Leads to sustainable development goals," Resources Policy, Elsevier, vol. 84(C).
    2. Xu, Zilin & Mohsin, Muhammad & Ullah, Kaleem & Ma, Xiaoyu, 2023. "Using econometric and machine learning models to forecast crude oil prices: Insights from economic history," Resources Policy, Elsevier, vol. 83(C).
    3. Li, Wenxue & Liu, Fei, 2023. "Financing green resource generation in sub-saharan Africa: Does financial integration matter?," Resources Policy, Elsevier, vol. 85(PB).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bjerkan, Kristin Ystmark & Seter, Hanne, 2021. "Policy and politics in energy transitions. A case study on shore power in Oslo," Energy Policy, Elsevier, vol. 153(C).
    2. Edmondson, Duncan L. & Kern, Florian & Rogge, Karoline S., 2019. "The co-evolution of policy mixes and socio-technical systems: Towards a conceptual framework of policy mix feedback in sustainability transitions," Research Policy, Elsevier, vol. 48(10).
    3. Weigelt, Carmen & Lu, Shaohua & Verhaal, J. Cameron, 2021. "Blinded by the sun: The role of prosumers as niche actors in incumbent firms’ adoption of solar power during sustainability transitions," Research Policy, Elsevier, vol. 50(9).
    4. Omri Carmon & Itay Fischhendler, 2021. "A friction perspective for negotiating renewable energy targets: the Israeli case," Policy Sciences, Springer;Society of Policy Sciences, vol. 54(2), pages 313-344, June.
    5. Vladimir Litvinenko, 2020. "The Role of Hydrocarbons in the Global Energy Agenda: The Focus on Liquefied Natural Gas," Resources, MDPI, vol. 9(5), pages 1-22, May.
    6. Matos, Stelvia & Viardot, Eric & Sovacool, Benjamin K. & Geels, Frank W. & Xiong, Yu, 2022. "Innovation and climate change: A review and introduction to the special issue," Technovation, Elsevier, vol. 117(C).
    7. Lindberg, Marie Byskov & Markard, Jochen & Andersen, Allan Dahl, 2019. "Policies, actors and sustainability transition pathways: A study of the EU’s energy policy mix," Research Policy, Elsevier, vol. 48(10).
    8. Ela Callorda Fossati & Aurore Fransolet, 2021. "The Transition Towards a Circular Economy in Brussels from an Exnovation Perspective: Actors’ Perceptions on Targeting Delinearisation," ULB Institutional Repository 2013/364470, ULB -- Universite Libre de Bruxelles.
    9. Ajaz, Warda & Bernell, David, 2021. "Microgrids and the transition toward decentralized energy systems in the United States: A Multi-Level Perspective," Energy Policy, Elsevier, vol. 149(C).
    10. Bhamidipati, Padmasai Lakshmi & Haselip, James & Elmer Hansen, Ulrich, 2019. "How do energy policies accelerate sustainable transitions? Unpacking the policy transfer process in the case of GETFiT Uganda," Energy Policy, Elsevier, vol. 132(C), pages 1320-1332.
    11. Chen, Long Xiang & Xie, Mei Na & Zhao, Pan Pan & Wang, Feng Xiang & Hu, Peng & Wang, Dong Xiang, 2018. "A novel isobaric adiabatic compressed air energy storage (IA-CAES) system on the base of volatile fluid," Applied Energy, Elsevier, vol. 210(C), pages 198-210.
    12. Boncinelli, Fabio & Bartolini, Fabio & Casini, Leonardo, 2018. "Structural factors of labour allocation for farm diversification activities," Land Use Policy, Elsevier, vol. 71(C), pages 204-212.
    13. Chen, Xuejun & Yang, Yongming & Cui, Zhixin & Shen, Jun, 2019. "Vibration fault diagnosis of wind turbines based on variational mode decomposition and energy entropy," Energy, Elsevier, vol. 174(C), pages 1100-1109.
    14. Muhammad Habib Ur Rehman & Luigi Coppola & Ernestino Lufrano & Isabella Nicotera & Cataldo Simari, 2023. "Enhancing Water Retention, Transport, and Conductivity Performance in Fuel Cell Applications: Nafion-Based Nanocomposite Membranes with Organomodified Graphene Oxide Nanoplatelets," Energies, MDPI, vol. 16(23), pages 1-11, November.
    15. Pin Li & Jinsuo Zhang, 2019. "Is China’s Energy Supply Sustainable? New Research Model Based on the Exponential Smoothing and GM(1,1) Methods," Energies, MDPI, vol. 12(2), pages 1-30, January.
    16. Bhardwaj, Chandan & Axsen, Jonn & Kern, Florian & McCollum, David, 2020. "Why have multiple climate policies for light-duty vehicles? Policy mix rationales, interactions and research gaps," Transportation Research Part A: Policy and Practice, Elsevier, vol. 135(C), pages 309-326.
    17. Sung-Fu Hung & Aoni Xu & Xue Wang & Fengwang Li & Shao-Hui Hsu & Yuhang Li & Joshua Wicks & Eduardo González Cervantes & Armin Sedighian Rasouli & Yuguang C. Li & Mingchuan Luo & Dae-Hyun Nam & Ning W, 2022. "A metal-supported single-atom catalytic site enables carbon dioxide hydrogenation," Nature Communications, Nature, vol. 13(1), pages 1-9, December.
    18. Zheng, Bobo & Xu, Jiuping & Ni, Ting & Li, Meihui, 2015. "Geothermal energy utilization trends from a technological paradigm perspective," Renewable Energy, Elsevier, vol. 77(C), pages 430-441.
    19. Caloffi, Annalisa & Freo, Marzia & Ghinoi, Stefano & Mariani, Marco & Rossi, Federica, 2022. "Assessing the effects of a deliberate policy mix: The case of technology and innovation advisory services and innovation vouchers," Research Policy, Elsevier, vol. 51(6).
    20. Mao, Guozhu & Zou, Hongyang & Chen, Guanyi & Du, Huibin & Zuo, Jian, 2015. "Past, current and future of biomass energy research: A bibliometric analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1823-1833.

    More about this item

    Keywords

    Renewable Energy Development; Sustainable Development; Environmental Policy; Energy Conservation; Sustainable;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2021-02-19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.