Energy-Growth Nexus in an Era of Globalization

Energy Growth Nexus in a Globalization Era examines current research and practical policy considerations related to the ongoing transformation, covering four broad globalization themes: energy consumption, renewable energy consumption, financial markets, and energy markets. It evaluates changes in the energy-growth association due to economic slowdowns, trade patterns, globalization impacts, technological spillovers, risk profile changes, SDGs, cross-border labor force migration, and environmental awareness.

Format: Paperback / softback
Length: 496 pages
Publication date: 18 November 2021
Publisher: Elsevier Science Publishing Co Inc

In the era of globalization, the Energy Growth Nexus takes a comprehensive look at current research and practical policy considerations to reflect the ongoing transformation. This study explores four broad themes that emerge from existing research literature: energy consumption, renewable energy consumption, financial markets, and energy markets. Within these themes, contributors examine the intricate shifts in the energy-growth association, considering factors such as economic slowdowns, trade patterns, the impacts of globalization, cross-border technological spillovers, changes in the risk profile of countries, the advent of Sustainable Development Goals (SDGs), the dynamics of cross-border labor force migration, and growing environmental awareness. This comprehensive resource is invaluable for policymakers, energy economists, and energy researchers across various interconnected disciplines, providing valuable insights into the evolving landscape of energy growth.

Energy Consumption:
The study delves into the changing patterns of energy consumption across different regions and industries. Contributors analyze how economic growth, technological advancements, and population growth influence energy demand. They examine the trends in energy consumption, including the shift towards cleaner and more sustainable energy sources, such as renewable energy. The analysis also explores the impact of energy consumption on greenhouse gas emissions, climate change, and resource depletion.

Renewable Energy Consumption:
Renewable energy has emerged as a key focus area in the context of globalization. Contributors examine the growth and development of renewable energy technologies, including solar, wind, hydro, and geothermal power. They explore the factors driving the adoption of renewable energy, such as government policies, technological innovations, and economic incentives. The study also assesses the challenges and opportunities associated with renewable energy, such as intermittency, grid integration, and storage solutions.

Financial Markets and Energy Markets:
The financial markets and energy markets are closely interconnected, and the study explores the dynamics between these two sectors. Contributors examine the role of financial institutions, investment decisions, and financial regulations in shaping energy markets. They analyze the impact of financial crises, such as the 2008 financial crisis, on energy prices and investment patterns. The study also explores the linkages between energy markets and commodity prices, such as oil and gas, and their implications for global economic stability.

Transformation Drivers:
In addition to examining the trends and considerations, the study identifies the key drivers of transformation in the energy growth nexus. Contributors discuss the role of policy frameworks, technological advancements, international cooperation, and consumer preferences in shaping the future of energy. They analyze the challenges and opportunities associated with these drivers, such as the need for sustainable development, energy security, and climate change mitigation.

Policy Considerations:
Policymakers and policymakers play a crucial role in shaping the energy growth nexus. The study provides insights into the policy considerations that need to be taken into account, such as energy efficiency measures, renewable energy policies, carbon pricing mechanisms, and cross-border cooperation. Contributors offer recommendations and best practices for policymakers to address the complex challenges and opportunities posed by the energy growth nexus.

Conclusion:
The Energy Growth Nexus in an era of Globalization offers a comprehensive and insightful examination of the complex relationship between energy, globalization, and economic development. By exploring the themes of energy consumption, renewable energy consumption, financial markets, and energy markets, the study provides valuable insights for policymakers, energy economists, and energy researchers. The study highlights the need for a coordinated and sustainable approach to address the challenges and opportunities posed by the energy growth nexus, ensuring a secure and prosperous future for generations to come.

Weight: 800g
Dimension: 154 x 229 x 35 (mm)
ISBN-13: 9780128244401