Multidimensional Strategic Outlook on Global Competitive Energy Economics and Finance

The availability of affordable and reliable energy is essential for a country's economic growth and development. This book discusses the current trends in energy production and use, with a focus on technological developments that can reduce the cost of energy production and increase the use of renewable energy sources. It also proposes strategies to improve energy efficiency and effectiveness in order to meet the growing demand for energy.

Format: Hardback
Length: 200 pages
Publication date: 18 February 2022
Publisher: Emerald Publishing Limited

A nation's economic prosperity hinges on its ability to secure a reliable and cost-effective energy supply. Several key factors play a pivotal role in ensuring a sustainable and secure energy future, including the price of energy, its continuity, environmental impact, and the availability of domestic energy resources.

In the realm of global competitive energy economics and finance, a multidimensional strategic outlook is essential to understanding the current trends in energy production and consumption. This comprehensive analysis examines the various factors that influence energy prices, including technological advancements, geopolitical developments, and market dynamics. It also sheds light on the role of renewable energy sources in meeting the growing demand for clean and sustainable energy while mitigating the adverse effects of climate change.

One of the key challenges facing the energy sector is the reduction of energy production costs. Technological innovations, such as renewable energy technologies, energy storage solutions, and advanced manufacturing processes, have the potential to significantly impact the cost of energy production. By investing in research and development, governments and industry players can drive down the cost of energy, making it more affordable for consumers and businesses alike.

Renewable energy sources, such as solar, wind, hydro, and geothermal power, offer a promising solution to the challenges of energy sustainability and climate change. These sources of energy are abundant, renewable, and do not emit carbon into the atmosphere, making them a viable alternative to fossil fuels. Moreover, renewable energy technologies are continuously improving in terms of efficiency and cost-effectiveness, making them increasingly attractive to investors and policymakers.

Another important aspect of energy security is the continuity of energy supply. In the face of fluctuations in global energy markets, it is crucial to ensure that energy sources are available and reliable. This can be achieved through diversification of energy sources, energy storage technologies, and power grid infrastructure. By developing a resilient and flexible energy system, countries can mitigate the risks associated with energy supply disruptions and ensure that their citizens have access to energy at all times.

Environmental pollution is another critical factor that needs to be addressed in the energy sector. The burning of fossil fuels for energy production contributes to air pollution, greenhouse gas emissions, and climate change. By transitioning to renewable energy sources and implementing sustainable practices, countries can reduce their environmental footprint and promote a cleaner and healthier environment.

In conclusion, a reliable and cost-effective energy supply is vital for a nation's economic success. By analyzing current trends in energy production and consumption, investing in technological advancements, promoting renewable energy sources, and developing a resilient and flexible energy system, countries can secure a sustainable and secure energy future. This will not only benefit the economy but also contribute to the overall well-being of society and the environment.

Weight: 412g
Dimension: 160 x 239 x 27 (mm)
ISBN-13: 9781801178990