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Innovations in Energy – Factor for Increasing the Energy Efficiency


  • Veselina Grigorova


The paper presents the problems of increasing end energy consumption, especially in industry and life, energy and carbon intensity of the economy, energy dependency, etc. It analyzes the innovations as an important factor for increasing the energy certainty, energy efficiency and competitiveness of the economy and its sustainable development. In this connection, the paper presents contemporary innovation solutions, like virtual gas-main, smart grid, supernetworks and supercables, cogeneration, distant reporting of consumed energy, renewable energy sources, including bio fuels, energy from roads, hybrid electric power stations, energy from ocean high and low tides, energy islands, concentrators for generating solar energy, etc. The contemporary innovation solutions are connected with the necessity of huge investments, which are big problem for Bulgaria. Nevertheless, the government policy should be widely open for innovations for improving the energy status of the country and increasing the green energy production. For this purpose all possible funds should be used completely.

Suggested Citation

  • Veselina Grigorova, 2012. "Innovations in Energy – Factor for Increasing the Energy Efficiency," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 7-14.
  • Handle: RePEc:bas:econst:y:2012:i:3:p:7-14

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    References listed on IDEAS

    1. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
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    JEL classification:

    • P28 - Economic Systems - - Socialist Systems and Transition Economies - - - Natural Resources; Environment
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy


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