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Renewable Energy Sources and Technologies for the Transition to a Climate Neutral Economy

Author

Listed:
  • Florin Bonciu

    (Institute for World Economy, Romanian Academy)

Abstract

The paper focuses on the feasibility of the transition to a climate neutral economy from the point of view of existing technologies, the surface occupied by renewable energy power plants, the materials needed and the cost of energy production. Based on the existing situation and using rather conservative estimates regarding the energy supply from renewable sources as compared to the energy demand of the global economy, the conclusion is that this transition is fully feasible and that already some renewable sources of energy are costeffective compared to the use of classical fuels, such as coal. The paper also highlights the importance of consistent political decisions in favour of this decade-long transition and the leading role of the European Union in this respect.

Suggested Citation

  • Florin Bonciu, 2021. "Renewable Energy Sources and Technologies for the Transition to a Climate Neutral Economy," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 9(1), pages 180-186, June.
    • Handle: RePEc:ntu:ntugeo:vol9-iss1-180-186
    as

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    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_1/geo_2021_vol9_no1_art_020.pdf
    File Function: First version, 2021
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    More about this item

    Keywords

    renewable energy sources; climate neutral economy; feasible technologies;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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