Global energy transition: From the main determinants to economic challenges regions

Adam P. Balcerzak; Gazi Salah Uddin; Bartosz Igliński; Michał Bernard Pietrzak

doi:10.24136/eq.2023.018

Global energy transition: From the main determinants to economic challenges regions

Abstract

Dynamic global energy transition has been accelerating for the last decade. Interestingly, the energy transition is multidimensional and concerns both the dimensions of technique/ technology and the economic, social, institu-tional, and legal spheres (Shuguang et al., 2022; Tzeremes et al., 2022; Ram-zan et al., 2022; Tzeremes et al., 2022). The literature also points to the signif-icant impact of the digitization of the global economy on accelerating ener-gy transition processes (Shahbaz et al., 2022; Yi et al., 2022). It can be expected that due to the currently observed "Artificial Intelligence Revolu-tion," this factor may gain even higher importance. From the normative perspective, it is commonly assumed that the ener-gy transition should proceed according to the idea of the energy trilemma, which emphasizes three key aspects: ensuring energy security, fair access to energy, and environmental sustainability (Liu et al., 2022). However, reaching this objective is one of the biggest challenges for highly developed societies; specifically, supporting this process is the greatest challenge for current science.

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Authors (4)

Adam P. Balcerzak
Gazi Salah Uddin
Bartosz Igliński
Michał Bernard Pietrzak (formerly: Michał Pietrzak) dr hab.

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Category:

Articles

Type:

artykuły w czasopismach

Published in:

EQUILIBRIUM Quarterly Journal of Economics and Economic Policy no. 18, pages 597 - 608,
ISSN: 1689-765X

Language:

English

Publication year:

2023

Bibliographic description:

P. Balcerzak A., Uddin G. S., Igliński B., Pietrzak M.: Global energy transition: From the main determinants to economic challenges regions// EQUILIBRIUM Quarterly Journal of Economics and Economic Policy -Vol. 18,iss. 3 (2023), s.597-608

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