Sustainable Energy: A New Vision of the Development Factors

24
DOI: 10.20542/0131-2227-2023-67-8-16-25
EDN: UVZASX
V. Loktionov, vadlok@mail.ru
Melentiev Energy Systems Institute of Siberian Branch of the Russian Academy of Sciences, 130, Lermontov Str., Irkutsk, 664033, Russian Federation.

Received 08.01.2023. Revised 17.04.2023. Accepted 24.05.2023.

Acknowledgements. The study was carried out within the framework of the state order project (no. FWEU?2021-0003, registration number -21-121012090014-5) of the fundamental research program of the Russian Federation for 2021–2030.


Abstract. Since the beginning of the 21st century, the world energy industry has embarked on a path of transformation, the purpose of which is the formation of a new type of energy that meets the principles of sustainable development. This process was first of all launched by the policy of the governments of the countries aimed at reducing the technogenic impact of energy on the environment. Many studies have been carried out on the feasibility of stimulating the transformation process. The challenges posed by the spread of renewable energy sources have been identified, and the main drivers that have launched and are currently stimulating the transformation process have been analyzed. Despite a large number of studies, the fact that one of the drivers of the ongoing changes in the energy industry is the correspondence of the characteristics of sustainable energy systems to a new stage in the development of capitalist societies has been overlooked. The paper examines the energy industry’s development trajectories in the context of the evolution of production organization models. It is shown that the trajectory of energy industry development is determined not only by its internal contradictions, the structure of the available resource base, scientific and technological progress and competition, but also by the general logic of socio-economic development, as well as current political narratives. The correspondence of the structures of a sustainable economy and the energy industry to the internal logic of the new organizational model inherent in the modern capitalist society turns out to be one of the drivers of the energy transition. It is concluded that due to the change in such informal institutions as the idea of a preferred future development of mankind, the norms of interaction between man and nature, as well as changes in the characteristics of energy markets, sustainable energy will continue to develop, despite its relatively low economic efficiency.

Keywords: sustainable energy, sustainable development, energy transition, organization of production, cognitive capitalism


REFERENCES

1. Smil V. Energy Transitions: History, Requirements, Prospects. Westport, Praeger, 2010. 178 p.

2. Jevons W.S. The Coal Question: an Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of Our Coal-Mines. London, Macmillan, 1866. 383 p.

3. Solomon B.D., Krishna K. The Coming Sustainable Energy Transition: History, Strategies, and Outlook. Energy Policy, 2011, vol. 39, no. 11, pp. 7422-7431. Available at: https://doi.org/10.1016/j.enpol.2011.09.009  

4. Brundtland G. Report of the World Commission on Environment and Development: Our Common Future. United Nations General Assembly Document A/42/427. Oxford University Press, 1987. 286 p.

5. Gunnarsdottir I., Davidsdottir B., Worrell E., Sigurgeirsdottir S. Sustainable Energy Development: History of the Concept and Emerging Themes. Renewable and Sustainable Energy Reviews, 2021, no. 141, 110770. Available at: https://doi.org/10.1016/j.rser.2021.110770  

6. Minsky H.P. Stabilizing an Unstable Economy. London, McGraw-Hill, 2008. 432 p.

7. Dresner S. The Principles of Sustainability. London, Earthscan, 2008. 224 p.

8. Williamson O.E. Markets and Hierarchies: Analysis and Antitrust Implications. New York, Free Press, 1975. 288 p.

9. Williamson O.E. The Economic Institutions of Capitalism. New York, Free Press, 1985. 468 p.

10. North D.C. Institutions, Institutional Change and Economic Performance. Cambridge, Cambridge University Press, 1990. 159 p.

11. Knight J. Institutions and Social Conflict. Cambridge, Cambridge University Press, 1992. 252 p. Available at: http://dx.doi.org/10.1017/CBO9780511528170  

12. Mokyr J. A Culture of Growth: the Origins of the Modern Economy. New Jersey, Princeton University Press, 2016. 400 p.

13. Greif A. Institutions and the Path to the Modern Economy. Lessons from Medieval Trade. New York, Cambridge University Press, 2006. 526 p.

14. Hodgson J.M. Economics and Institutions: a Manifesto for a Modern Institutional Economics. Cambridge, Polity Press, Philadelphia, University of Pennsylvania Press, 1988. 264 p.

15. Hodgson J.M. The Evolution of Institutional Economics: Agency, Structure and Darwinism in American Institutionalism. London, New York, Routledge, 2004. 314 p.

16. Hodgson J.M. Evolutionary and Institutional Economics as the New Mainstream? Evolutionary and Institutional Economics Review, 2007, vol. 4, no. 1, pp. 7-25.

17. Davis J.B. The Turn in Economics: Neoclassical Dominance to Mainstream Pluralism? Journal of Institutional Economics, 2006, vol. 2, no. 1, pp. 1-20.

18. Pagano U. Bounded Rationality, Institutionalism and the Diversity of Economic Institutions. Is Economics an Evolutionary Science? The Legacy of Thorstein Veblen. Cheltenham, Northampton, Edward Elgar, 2000, pp. 95-113.

19. Williamson O.E. The New Institutional Economics: Taking Stock, Looking Ahead. Journal of Economic Literature, 2000, vol. 38, no. 3, pp. 595-613.

20. Yergin D. The Prize: The Epic Quest for Oil, Money, and Power. New York, Simon & Schuster, 1991. 908 p.

21. Melentiev L.A. Energy System Research. Moscow, Nauka, 1975. 425 p. (In Russ.)

22. Harvey D. The Condition of Postmodernity: An Enquiry into the Origins of Cultural Change. London, Wiley-Blackwell, 1991. 392 p.

23. Brenner R. The Economics of Global Turbulence. London, Verso, 2006. 369 p.

24. Rindermann H. Cognitive Capitalism: Human Capital and the Wellbeing of Nations. Cambridge, Cambridge University Press, 2018. 592 p.

25. Perkins J.H. Changing Energy: The Transition to a Sustainable Future. Oakland, University of California Press, 2017. 343 p. Available at: https://doi.org/10.1080/14660466.2019.1668216  

26. Helm D., ed. The New Energy Paradigm. New York, Oxford University Press, 2007. 512 p.

27. Baudrillard J. Toward a Critique of the Political Economy of the Sign. Moscow, RIPOL-lassic, 2020. 352 p. (In Russ.)

28. Boutang Y.M. Cognitive Capitalism. New York, Wiley, 2012. 200 p.

29. Sovacool B.K. How Long Will It Take? Conceptualizing the Temporal Dynamics of Energy Transitions. Energy Research & Social Science, 2016, vol. 13, pp. 202-215. Available at: http://dx.doi.org/10.1016/j.erss.2015.12.020  

30. Srnicek N. Platform Capitalism. Cambridge, Polity Press, 2017. 120 p.


SOURCES

1. World Energy Consumption 1800–2000. Available at: https://www.encyclopedie-energie.org/en/world-energy-consumption-1800-2000-results/ (accessed 01.11.2022).

2. The World Bank Data. Available at: https://data.worldbank.org/indicator/EG.ELC.ACCS.ZS (accessed 15.05.2023).

3. Lazard’s Levelized Cost of Energy Analysis. Available at: https://www.lazard.com/media/sptlfats/lazards-levelized-cost-of-energy-version-150-vf.pdf (accessed 04.11.2022).

4. The World Bank Data. Available at: https://data.worldbank.org/indicator/EG.GDP.PUSE.KO.PP.KD?end=2015&start=1990&view=chart (accessed 02.11.2022).

5. Sustainable Signals: New Data from Individual Investors. Morgan Stanley Institute for Sustainable Investing, 2018. Available at: https://www.morganstanley.com/pub/content/dam/msdotcom/ideas/sustainable-signals/pdf/Sustainable_Signals_Whitepaper.pdf (accessed 11.10.2022).

6. Nuclear Power Capacity Trend. International Atomic Energy Agency, 2023. Available at: https://pris.iaea.org/pris/worldstatistics/worldtrendnuclearpowercapacity.aspx (accessed 13.10.2022).


For citation:
Loktionov V. Sustainable Energy: A New Vision of the Development Factors. World Eonomy and International Relations, 2023, vol. 67, no. 8, pp. 16-25. https://doi.org/10.20542/0131-2227-2023-67-8-16-25 EDN: UVZASX



Comments (0)

No comments

Add comment







Indexed

 

 

 

 

Dear authors! Please note that in the VAK List of peer-reviewed scientific journals, in which the main scientific results of dissertations for the degree of candidate and doctor of sciences should be published for the “MEMO Journal” the following specialties are recorded:
economic sciences:
5.2.5. World Economy.
5.2.1. Economic Theory
5.2.3. Regional and Branch Economics
political sciences:
5.5.4. International Relations
5.5.1. History and Theory of Politics
5.5.2. Political Institutions, Processes, Technologies

 

Current Issue
2024, vol. 68, No. 2

Topical Themes of the Issue:

  • Fiscal Policy of Advanced Economies: Playing by the Rules?  
  • Iranian Development Model: State and Society Concept, Crises and Problems
  • Afghan-Pakistan Relations: Problems and Challenges in XXI Century
  • Climate Issues under Changing Geopolitical Conditions
Submit an Article
INVITATION FOR PUBLICATION
The Editorial Board invites authors to write analytical articles on the following topics:
  • changes in the processes of globalization in modern conditions
  • formation of the new world order
  • shifts in civilization at the stage of transition to a digital society

The editors are also interested in publishing synthesis articles / scientific reviews revealing the main trends in the development of certain regions of the world - Latin America, Africa, South Asia, etc.