Overview of New Trends in Energetics

6th International Scientific Conference – EMAN 2022 – Economics and Management: How to Cope With Disrupted Times, Ljubljana, Slovenia, March 24, 2022, CONFERENCE PROCEEDINGS, published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-57-8, ISSN 2683-4510

 Abstract:

The world today faces major energy problems, and one of the biggest problems is cli­mate change caused by heavy pollution, which threatens the natural environment and man’s current and future well-being. Energy from carbon fossil fuels covers over 80% of the world’s needs in 2020. This is very alarming information, given that fossil fuels cause large emissions of greenhouse gases, which lead to major climate changes, an increase in the average tempera­ture on Earth, and many other negative consequences. To end climate change, the concentra­tion of greenhouse gases in the atmosphere must stabilize, and to achieve this, global green­house gas emissions must be reduced to zero. The world, therefore, needs an energy transfor­mation. After the Paris climate agreement in 2015, significant changes began to take place in the global energy sector. For this reason, this paper describes changes or new trends that are beginning to change the entire energy sector (e.g. renewable sources, shale gas, the decarboni­zation process, decentralization and digitalization of the energy sector, flexibility of energy sys­tems, and blockchain technology.

Keywords:

Climate change; Energy sector; Transformation; New trends

REFERENCES

Bellani, J. (2021). Shale gas: a step toward sustainable energy future, Springer Link, pregleda­no: 28.08.2021., online: https://link.springer.com/article/10.1007/s13202-021-01157-7

Berahab, R. (2020). Global trends in the energy sector and their implication on energy secu­rity in NATO’s southern neighbourhood, Real instituto Elcano Royal institute, pregleda­no: 27.07.2021., online: http://www.realinstitutoelcano.org/wps/portal/rielcano_en/conteni­do?WCM_GLOBAL_CONTEXT=/elcano/elcano_in/zonas_in/ari103-2020-berahab-glo­bal-trends-energy-sector-and-implication-on-energy-security-in-natos-southern-neighbour­hood

BloombergNEF (2021). Energy Transition Investment Hit $500 Billion in 2020 – For First Time, pregledano: 27.07.2021., online: https://about.bnef.com/blog/energy-transition-investment-hit-500-billion-in-2020-for-first-time/

Breecker, D. (2018). The Future of Energy Is Decentralized, 3BL Media, pregledano: 30.08.2021., online: https://www.3blmedia.com/News/Future-Energy-Decentralized

EIA (2016). Shale gas production drives world natural gas production growth, pregledano: 28.08.2021., online: https://www.eia.gov/todayinenergy/detail.php?id=27512

Energy Net (2020). Covid-19 crisis highlights the need for flexible energy systems and a bigger role for renewables, pregledano: 31.08.2021., online: https://www.energynet.co.uk/article/ covid-19-crisis-highlights-need-flexible-energy-systems-and-bigger-role-renewables

European Commission (2014). Shale gas and other unconventional hydrocarbons, pregledano: 28.08.2021., online: https://ec.europa.eu/energy/topics/oil-gas-and-coal/shale-gas_en

Grundy, A. (2021). Power consumption to double by 2050 as COVID-19 helps pull back fossil fuel peak, pregledano: 27.07.2021., online: https://www.current-news.co.uk/news/mckin­sey-power-consumption-to-double-by-2050-as-covid-19-helps-pull-back-fossil-fuel-peak

Henbest, S. (2017). Energy to 2040 – Faster Shift to Clean, Dynamic, Distributed, Bloomber­gNEF, pregledano: 30.08.2021., online: https://about.bnef.com/blog/henbest-energy-2040- faster-shift-clean-dynamic-distributed/

Henriot, P., Munuera, L., Warichet J. (2021). Power System’s Digital Transformation, pregleda­no: 30.08.2021., online: www.iea.org

IEA (2017). Digitalisation and Energy, pregledano: 30.08.2021., online: https://www.iea.org/reports/digitalisation-and-energy

International Energy Forum (2021). 3 digital trends which will transform the energy industry, 2021, International Energy Forum, pregledano: 30.08.2021., online: https://www.ief.org/ news/3-digital-trends-which-will-transform-the-energy-industry

IRENA (2018). Global Energy Transformation: A Roadmap to 2050 (2018 edition), pre­gledano: 29.08.2021., online: https://www.irena.org/publications/2018/Apr/Global -Energy-Transition-A-Roadmap-to-2050

IRENA (2019). A New World: The Geopolitics of the Energy Transformation, pregleda­no: 25.08.2021., online: https://www.irena.org/publications/2019/Jan/A-New-World-The- Geopolitics-of-the-Energy-Transformation

IRENA (2021). World Adds Record New Renewable Energy Capacity in 2020, pregledano: 27.08.2021., online: https://www.irena.org/newsroom/pressreleases/2021/Apr/World-Adds- Record-New-Renewable-Energy-Capacity-in-2020

Kolundžić, S. (2015). Dekarbonizacija energije mijenja paradigme u energetici, Kiklos – krug knjige, Zagreb

MET (2021). Shale gas definition, production, and uses, pregledano: 28.08.2021., online: https:// group.met.com/energy-insight/shale-gas/17

Nhede, N. (2019). Blockchain in energy market to reach $3 billion by 2025, Smart Ener­gy, pregledano: 01.09.2021., online: https://www.smart-energy.com/industry-sectors/ energy-grid-management/blockchain-in-energy-market-to-reach-3-billion-by-2025

Open Energi (2021). Electric Vehicles could provide 11GW of flexibility by 2030, pregledano: 31.08.2021, online: https://openenergi.com/news-posts/electric-vehicles-provide-11gw-flexibility-2030

REGlobal (2021). G20 zero-carbon policy scoreboard 2021, pregledano: 29.08.2021., online: https://reglobal.co/g20-zero-carbon-policy-scoreboard-2021/

Rogoff, K. (2021). Developing economies need a fairer way to help them decarbonise, For­bes, pregledano: 29.08.2021., online: https://www.theguardian.com/business/2021/jan/07/ developing-economies-need-a-fairer-way-to-help-them-decarbonise

Tollefson, J. (2021). COVID curbed carbon emissions in 2020 — but not by much, Nature, pre­gledano: 29.08.2021., online: https://www.nature.com/articles/d41586-021-00090-3

Vlahinić Lenz, N., Živković, S., Gržeta, I. (2019). Novi izazovi u energetici: ekonomska per­spektiva, Ekonomski fakultet Sveučilišta u Rijeci, Rijeka

Welton, S. (2018). Electricity markets and the social project of decarbonization, Columbia Law Review Association, Vol. 118, No. 4, pregledano: 29.08.2021., online: https://www.jstor. org/stable/26419423