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ENERGY TRANSITION POLICIES: A GLOBAL REVIEW OF SHIFTS TOWARDS RENEWABLE SOURCES

2024120 citationsOpen accessAfe Babalola University

In plain language

Global energy production is transitioning away from conventional fossil fuels towards cleaner, renewable alternatives to address climate change and sustainable development. Across different regions, national energy transition policies are shaped by varied drivers, including environmental targets, economic competitiveness, and energy security requirements. Policy frameworks employ distinct regulatory mechanisms, financial incentives, and technological advancements to support renewable adoption. These policy measures generate broad socio-economic consequences, directly influencing job creation, local communities, industrial practices, and governmental strategies. Additionally, international collaboration plays a vital role in encouraging sustainable energy practices across borders. Comparing case studies from varied geographical contexts highlights shared trends and effective practices in policy design and implementation. Examining these diverse regional experiences provides a clearer understanding of the challenges and opportunities required to build a resilient and sustainable global energy system.

Key takeaways

  • National energy transitions are driven by environmental concerns, climate imperatives, economic competitiveness, and energy security.
  • Renewable energy adoption depends on regional policy frameworks that combine regulatory mechanisms, financial incentives, and technological progress.
  • Energy transition policies generate wider socio-economic impacts, influencing job creation, community welfare, and cross-border collaboration.
  • Comparative analysis across distinct geographical settings identifies common trends and best practices for renewable policy formulation.

Why it matters

Understanding how countries structure renewable energy policy is essential for navigating the shift away from fossil fuels. Examining the interplay between regulatory rules, financial incentives, and local socio-economic impacts helps decision-makers identify practical pathways to lower carbon emissions. This global overview demonstrates how coordinated policies and international partnerships can simultaneously advance climate objectives, safeguard energy security, and stimulate economic development.

Commercialisation angle

The insights serve primarily as a strategic guide for policymakers, researchers, and industrial stakeholders navigating global energy transitions rather than presenting a specific technological invention. By analysing financial incentives, regulatory frameworks, and market impacts, the work provides intelligence that can inform clean energy investments and public-private programmes. Because the research is a policy review, it sits outside conventional technology readiness levels and does not indicate a direct commercial application pathway.

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Abstract

The global landscape of energy production is undergoing a profound transformation as nations grapple with the imperatives of sustainable development and climate change mitigation. This paper encapsulates a comprehensive review of Energy Transition Policies, specifically focusing on the global shift towards renewable energy sources. The paper delves into the myriad policy initiatives adopted by countries worldwide to transition from conventional fossil fuel-based energy systems to cleaner and more sustainable alternatives. The analysis explores the diverse motivations driving these energy transitions, ranging from environmental concerns and climate change imperatives to economic competitiveness and energy security. By examining the unique policy frameworks of different regions, the research provides valuable insights into the challenges and opportunities associated with the adoption of renewable energy sources. It investigates the regulatory mechanisms, financial incentives, and technological advancements that shape the trajectory of energy transition policies on a global scale. Furthermore, the paper sheds light on the impact of energy transition policies on various stakeholders, including governments, industries, and local communities. It examines the socio-economic implications of renewable energy integration, job creation, and the role of international collaborations in fostering sustainable energy practices. The study adopts a comparative approach, drawing on case studies from diverse geographical contexts to distill common trends and best practices in energy transition policy formulation and implementation. This paper provides a nuanced understanding of the complex interplay between policy frameworks and the global transition towards renewable energy. By synthesizing insights from different regions, it contributes to a holistic perspective on the challenges and opportunities inherent in shaping a sustainable and resilient energy future. The research is an invaluable resource for policymakers, researchers, and industry stakeholders seeking to navigate the intricate landscape of energy transition on a global scale. Keywords: Energy, Renewable Energy, Energy Innovation, Energy Transition, Review.

Research topics

  • Global Energy and Sustainability Research
  • Global Energy Security and Policy

Read the original research

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DOI: 10.51594/estj.v5i2.752

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