TRANZICIJA KA IZVORIMA ENERGIJE SA NISKOM EMISIJOM CO2
LOW-CARBON ENERGY TRANSITION

Author(s): Polona DOMADENIK, Dušan Mramor, Klara Bohnec, Irma Duraković, Anja Mlinar
Subject(s): Economy, Energy and Environmental Studies
Published by: Finrar d.o.o Banja Luka
Keywords: greenhouse gases; renewable energy sources; energy transition;
Summary/Abstract: The high level of greenhouse gas pollution caused by fossil fuels is the main culprit for rising average global temperature and sea level, and overexploitation of Earth’s limited resources. Therefore, energy transition has become a global need and a global process due to the urgent need to stop the high pollution of greenhouse gases generated by the use of fossil fuels. Predictions say that the transition to clean source of fusion energy will not happen before the end of this century, by which time it is necessary to use renewable sources such as hydropower, wind, solar energy, biomass and geothermal energy as well as nuclear energy sources. The paper analyzes short-term and long-term challenges of energy transition as well as potential scenarios for decarbonization of the energy sector, taking into account technological, environmental and economic perspectives. Studies show that the transition to a cleaner energy supply is often not limited by technological feasibility or economic sustainability, but by political issues that slow down the transition to sustainable energy. Given that the potential for renewable energy is heterogeneously distributed within countries, this requires transnational energy policies. The mentioned transition process offers interesting business opportunities to energy companies that are developing new infrastructure for the use, storage and transmission of renewable energy.

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